Beowulf at UK Investor Show

RNS Number : 9964D

Beowulf Mining PLC

03 April 2014

 



3 April 2014

Beowulf Mining Plc

("Beowulf" or the "Company")

UK Investor Show

Beowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration and development company principally focused on the group's Kallak North and Kallak South iron ore deposits in northern Sweden, announces that it will be attending and presenting at the UK Investor Show on Saturday 5 April 2014.

Beowulf's Chairman, Clive Sinclair-Poulton, will be delivering a presentation on the Company's flagship Kallak iron ore project - where fully funded drilling campaigns are underway on both the Kallak North and Kallak South deposits - as well as the group's ongoing drill campaign at its Ballek copper-gold JV project.

The Company will also be hosting an exhibition stand where Mr Sinclair-Poulton will be available to answer investors' questions.

The UK Investor Show will take place at the Queen Elizabeth II Conference Centre in Westminster, London, SW1P 3EE.

Enquiries:

Beowulf Mining Plc
Clive Sinclair-Poulton, Chairman	Tel: [phone]
Strand Hanson Limited
Matthew Chandler / Rory Murphy	Tel: [phone]
Cantor Fitzgerald Europe
Stewart Dickson / Julian Erleigh / Jeremy Stephenson	Tel: [phone]
Blytheweigh
Tim Blythe / Halimah Hussain / Eleanor Parry	Tel: [phone]
or visit http://www.beowulfmining.net

Notes to editors:

The Kallak Iron Ore Project

The Kallak iron ore project is located in the Jokkmokk municipality north of the Arctic Circle approximately 40km west of Jokkmokk city centre and approximately 80km southwest of the major iron ore mining centre of Malmberget in the Norrbotten County in northern Sweden.

Two iron ore deposits, Kallak North and Kallak South, are present, separated by only a few hundred metres in distance which may be connected at depth. Kallak North currently has an independent JORC Code compliant resource estimate of 88.8Mt Indicated Resources, grading at 27.7% Fe, and 55.3Mt Inferred Resources, grading at 28.2% Fe, modelled and reported by GeoVista AB in April 2013 at a 20% iron (Fe) cut-off and down to a vertical depth of 200m to 350m.

The currently ongoing Kallak South drill campaign is principally targeting a maiden JORC Code compliant resource estimate for the Kallak South deposit as well as seeking to determine whether the Kallak South and Kallak North deposits are geologically connected.

Ballek Copper-Gold JV Project

The Ballek project area in the Arjeplog municipality of the Västerbotten County in northern Sweden, comprises two exploration permits, Ballek nr2 and nr3, covering 13.59km² and 4.69km² respectively.

The project area contains the Lulepotten deposit on which a maiden JORC Code compliant Inferred Resource estimate was compiled and reported in September 2008 of 5.4Mt, grading at 0.8% Cu and 0.3g/t Au (cut-off value of 0.3% for copper). A number of further registered minor copper deposits are also known within the area.

The currently ongoing 3,000m drill programme is primarily seeking to test previously indicated copper targets at increased depths. In particular, it is targeting some pronounced deep lying Induced Polarisation (IP) targets located close to the previously identified copper-gold targets of Kvarnbäcken and Sågberget in the central parts of the project area.

 

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