Beowulf Mining Plc (LON:BEM) CEO Kurt Budge talks to DirectorsTalk about the award of an additional claim reservation, Saarenpudas, within the Kolari graphite district, Swedish magnetite project Kallak & the Swedish Government.
Beowulf Mining Plc is an exploration and development company principally focused on the Kallak iron ore project in northern Sweden and its Swedish exploration portfolio. The Company is listed on the AIM in London and the AktieTorget in Stockholm (AIM: BEM; Aktietorget: BEO). The Kallak North iron ore deposit is located about 40km west of the Jokkmokk municipality centre in the Norrbotten County in Northern Sweden. Local infrastructure is excellent with all-weather gravel roads passing through the project area and all parts easily reached by well used forestry tracks. A major hydroelectric power station with associated electric power-lines is located only a few kilometres to the south east. The nearest railway (the ‘Inland Railway Line’) passes approximately 40km to the east. This railway line is connected at Gällivare with the ‘Ore Railway Line’, which is used by LKAB for delivery of their iron ore material to the Atlantic harbour at Narvik (Norway) or to the Botnian Sea harbour at Luleå (Sweden). The total Kallak project area is approximately 243km2 in size, with the Kallak North and Kallak South orebodies being centrally located, as defined by drilling covering an area approximately 3,700m in length and 350m in width. The mineral resource estimate for Kallak North and South is based on drilling conducted between 2010-2014, a total 27,895m drilled, including 131 drillholes.