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Last checked at 
30 Jun 2016 07:00
30 June 2016
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Beowulf Mining Plc
("Beowulf" or the "Company")
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Kallak North Exploitation Concession Update
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Beowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration and development company, focused on the Kallak magnetite iron ore project and the Γ tvidaberg polymetallic exploration licence in Sweden, and its graphite portfolio in Finland, announces that the Company's application for an Exploitation Concession for Kallak North has been listed on The Government of Sweden's meeting agenda for discussion on 30 June 2016.
As is practice in Sweden, the Company will be notified of any outcome when it is made public. The Company will provide shareholders with an assessment of any outcome as soon as it is practicable thereafter.
Kurt Budge, Chief Executive Officer, commented:
"We are pleased that the Government has our application tabled for discussion and look forward to hearing the outcome.
"We believe it is in the best interests of our stakeholders in Sweden, and our Swedish and non-Swedish shareholders, that our application is further reviewed by the Mining Inspectorate, so that any future award of the Exploitation Concession is consistent with the judgement of the Supreme Administrative Court in the case of the Norra KΣrr project.
"The time taken now to allow any additional review of our application enables Beowulf to further demonstrate its responsible approach to the development of Kallak, and our ambition to develop a modern and sustainable mining operation in partnership with the community."
Enquiries:
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Beowulf Mining plc | Β |
Kurt Budge, Chief Executive Officer | Tel: +44 (0) 20 3771 6993 |
Β Cantor Fitzgerald Europe (Nominated Advisor & Broker) | Β |
Stewart Dickson / Phil Davies / Carrie Drummond | Tel: +44 (0) 20 7894 7000 |
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BlytheweighΒ | Β |
Tim Blythe / Megan Ray | Tel: +44 (0) 20 7138 3204 |
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