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Kallak Scoping Study Contract Awarded to SRK
Kallak Scoping Study Contract Awarded to SRK.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n \nRNS Number : 9901S Beowulf Mining PLC 09 October 2017 \n\n \n \nThe 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.\nFor the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of Kurt Budge, Chief Executive Officer.\n \n9 October 2017\nBeowulf Mining plc\n(\"Beowulf\" or the \"Company\")\nKallak Scoping Study Contract Awarded to SRK Consulting\n \nBeowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration and development company, focused on the Kallak magnetite iron ore project (\"KIOP\") and the Åtvidaberg polymetallic exploration licence in Sweden, and its graphite portfolio in Finland, is pleased to announce that it has appointed SRK Consulting (UK) Limited (\"SRK\") to complete a Scoping Study on the KIOP.\nSRK has already commenced work, and completion of the Scoping Study is scheduled for the end of February 2018.\nKurt Budge, CEO, commented:\n \n\"I am very pleased to be working with SRK on this next phase of Kallak's development.\n\"In SRK we have a consultant who has undertaken a significant number of technical studies for companies operating in the Nordic Region, and has the relevant expertise to work with us on designing and engineering a modern and sustainable mining project at Kallak North, as well as assessing the broader potential of the Kallak South deposit.\n\"The Scoping Study and associated work streams are a significant investment for the Company, made in the belief that Beowulf has satisfied the Swedish requirements to be granted an Exploitation Concession for the Kallak North deposit. In addition, we have the support of local stakeholders and therefore we must push on, despite the current permitting challenges.\n\"Over the last 12 months, we have continued to emphasise the interlinkages that can exist between major investments, industrial projects and infrastructure development, and the potential for widespread economic stimulus across a region such as Norrbotten, to politicians, regulators, decision makers and stakeholders. Our project study with Copenhagen Ec...