Business
Finnish Graphite Update
Finnish Graphite Update.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n \n \n RNS Number : 1156N\n Beowulf Mining PLC\n 18 May 2020\n \n \n \n \n \n \n \n \n \n \n The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (\"MAR\") (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n \n \n 18 May 2020\n \n \n Beowulf Mining plc\n \n \n (\"Beowulf\" or the \"Company\")\n \n \n Finnish Graphite Update\n \n \n Beowulf (AIM: BEM; \n Spotlight\n : BEO), the mineral exploration and development company, provides an update on the activities of its 100 per cent owned subsidiary Oy Fennoscandian Resources AB (\"Fennoscandian\").\n \n \n Fennoscandian continues to develop a 'resource footprint' of natural flake graphite to provide 'security of supply' to Finland's emerging battery sector and to benefit from Business Finland funding, as the Company seeks to \n move downstream and develop its knowledge in processing and manufacturing battery grade and value-added graphite products.\n \n \n Since Fennoscandian was acquired in January 2016, Beowulf has invested approximately Euros 1.56 million in graphite exploration, resource development, metallurgical testwork and the assessment of market applications for graphite from its Aitolampi project, including Lithium Ion Battery (\"LIB\") applications.\n \n \n Update Highlights:\n \n \n · \n Testwork on a composite sample for Karhunmäki, a new graphite prospect, produced a concentrate grade of 96.4 per cent Total Graphitic Carbon (\"TGC\"), with 51.3 per cent large/jumbo flakes (+180 micron). An Exploration Permit application has been submitted.\n \n \n · \n After upgrading the \n Mineral Resource Estimate (\"MRE\") for Aitolampi in 2019, now with an Indicated and Inferred Mineral Resource of 26.7 million tonnes at 4.8 per cent TGC for 1,275,000 tonnes of contained graphite, Fennoscandian will report, \n in the coming weeks,\n on the results of \n spheroidization testwork and battery tests on Aitolampi graphite.\n \n \n · \n Fennoscandian is supporting a study into the supply chain for LIBs in Finland and collaborating with Åbo Akademi in Turku, Finland.\n \n \n · \n Fennoscandian has joined, as a consortium member, the Business Finland funded BATTrace project, which aims to...