Business
Scoping Study Commissioned
Scoping Study Commissioned.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n Beowulf Mining PLC\n22 August 2006\n\n\n BEOWULF MINING PLC\n\n News Release\n\n Scoping Study of Ruoutevare Titanium Iron Deposit, Northern Sweden by Raw\n Materials Group.\n\n\n22 August 2006. Beowulf Mining PLC (AIM-BEM), the AIM-listed iron, titanium,\ngold and copper exploration and development group has commissioned the Raw\nMaterial Group of Sweden, ('RMG' www.rmg.se) to prepare a scoping study of the\nRuoutevare deposit. RMG will make an assessment of the potential value of the\niron, titanium, vanadium project and examine capital costs, operational costs\nand the potential revenue receivable from exploiting the Ruoutevare deposit at\nvarious mining outputs.\n\n\nThe Raw Material Group is one of Europe's leading groups of mineral economists.\nIt has recently published 'The Iron Ore Market 2005-2007' which was compiled for\nthe United Nations Conference on Trade and Development.\n\nCommenting on the report, Dr. Robert Young, Chairman of Beowulf, states 'The\ndirectors have decided to prepare the scoping study on Ruoutevare prior to\ncompleting the extra diamond drilling for the JORC-compliant resource report,\nwhich is now planned for 2007. This will give a better understanding of the\neconomics of the project'.\n\n\nFor further information contact :-\n\n\nDr. Robert Young, Chairman\nBeowulf Mining plc Tel: +44-(0)1353 649 701\n\n\nGavin Burnell\nRuegg & Co. Limited Tel: +44-(0)207 584 3663\n\n\nNick Bealer\nKing & Shaxson Tel: +44-(0)207 426 5986\n\n\nCharles Dampney Tel: +44-(0)207 822 7107\nCity Capital Securities Limited\n\n\nGary Middleton\nSt Swithin's Public Relations Tel +44 (0) 207 429 4391\n\n\nNotes to Editors :-\n\n\nIn March 2006, Beowulf Mining PLC the AIM-quoted mineral exploration company was\ngranted an exploration permit by the Swedish state mining authority\n(Bergsstaten) for the Ruoutevare area in the Jokkmokk County of northern Sweden.\nA previous resource estimate carried out by the Geological Survey of Sweden\n(Sveriges Geologiska Undersoknning -'SGU') in 1975 reported a resource of 116 Mt\nof material averaging 38% iron, 5.6% titanium and 0.17% vanadium based on 32\ndrill holes. A richer section of 20 Mt is registered with a grade of 47% iron,\n10% titanium and 0.14% vanadium.\n\n\nSnowden Mining Industry Consultants Limited ('Snowden') previously completed a\ntechnical review of the pre...