Business
Jokkmokk Iron - Kallak Update
Jokkmokk Iron - Kallak Update.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 22 February 2023\n \n \n \n Beowulf Mining plc\n \n \n (\"Beowulf\" or the \"Company\")\n \n \n Jokkmokk Iron - Kallak Update\n \n \n \n \n \n Beowulf (AIM: BEM; Spotlight: BEO), the mineral exploration and development company, publishes an update from its wholly owned subsidiary Jokkmokk Iron Mines AB (\"Jokkmokk Iron\") on the progress at the Kallak Iron Ore Project (\"Kallak\").\n \n \n Regarding Beowulf's Capital Raising the subscription period for both the SDR Rights Issue in Sweden and the UK Retail Offer via PrimaryBid to raise approximately SEK 115 million (£9.1 million) remains open until 23 February 2023. The funds will be used to progress at pace the development of Kallak, mainly environmental permitting and the Pre-feasibility Study.\n \n \n \n Progress Report\n \n \n \n \n \n \n Since the positive economic results from the Scoping Study for the Kallak North 'Only' Base Case, Jokkmokk Iron continues to make rapid progress with workstreams supporting the Environmental Permit application for Kallak North.\n \n \n Ulla Sandborgh, CEO of Jokkmokk Iron, has been building the expertise within the Jokkmokk Iron team. When the Capital Raise has been completed, plans and budgets will be finalised that will support the application of the Environmental Permit in Q4 2023 and the start of the Pre-feasibility Study.\n \n \n \n Environmental/Cultural Investigations and Community Engagement\n \n \n \n Jokkmokk Iron has already re-initiated the stakeholder engagement process with local Sámi communities and held meetings in Jokkmokk with both the Sámi communities and other local stakeholders. \n \n \n On the 17 November 2022, a first meeting regarding consultations on reindeer husbandry took place with the next meeting scheduled for March 2023.\n \n \n On 11 December 2022, an information meeting was held for the public in Jokkmokk. Jokkmokk Iron presented the basis for an open pit mining operation at Kallak, provided information about ongoing and planned investigations in the area, and answered the audiences questions.\n \n \n More meetings will be planned, ensuring transparency with respect to the Company's activities, and to formally consult on the draft Environmental Permit. \n \n \n A programme of environmental and cultural investigations ha...