Business
Unaudited Financial Results for year end
Unaudited Financial Results for year end.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n \nRNS Number : 9874X Beowulf Mining PLC 28 February 2017 \n\n \n28 February 2017\nBeowulf Mining plc\n(\"Beowulf\" or the \"Company\")\nUnaudited Financial Results for year ended 31 December 2016\n \nThe information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\nBeowulf (AIM: BEM; AktieTorget: BEO), the mineral exploration and development company, focused on the Kallak magnetite iron ore project and the Åtvidaberg polymetallic exploration licence in Sweden, and its graphite portfolio in Finland, announces its unaudited preliminary financial results for the year ended 31 December 2016 (see Appendix 1).\n \nOverview\n \n· The Company's focus during 2016 has been on the award of the Kallak North Exploitation Concession and Beowulf continues to engage with the Mining Inspectorate of Sweden, the County Administrative Board (\"CAB\") for the County of Norrbotten and local stakeholders. \nBeowulf maintains that its application for the Exploitation Concession has satisfied the requirements of the Swedish Mining Act and Environmental Code, and that the work done by the Company, and the reviews by the CAB, to date, are in alignment with the Supreme Administrative Court of Sweden (\"SAC\") judgement in the Norra Kärr case.\n· The Company acquired Oy Fennoscandian Resources AB (\"Fennoscandian\"), a privately-owned graphite exploration company with projects in Finland.\n· Exploration programmes were carried out at the Haapamäki and Piippumäki graphite projects and two new prospective areas at Haapamäki East, called Pitkäjärvi and Aitolampi, were discovered. \n· Exploration work has been undertaken at the Åtvidaberg licence in Sweden which resulted in high grade \"grab\" sample assays and the identification of 26 magnetic targets for further investigation. \n· A Swedish Advisory Board was established to support the...