Beowulf Mining: Aitolampi Assay Results

Beowulf (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, is pleased to announce assay results for its latest drilling campaign at its Aitolampi graphite project in Finland. Aitolampi is part of the company’s 100 percent owned exploration permit Pitkäjärvi.

As quoted in the press release:

“I am really pleased with the latest assay results from this year’s drilling programme.  In January 2018, metallurgical testwork demonstrated the broad market attractiveness of the graphite concentrates that we might produce in the future.  Not only do we have the potential to serve lithium ion battery manufacturers, but the Aitolampi concentrates’ chemical and physical properties could also suit many other applications.

“This year’s drilling shows that higher-grade mineralisation extends at least 150m along strike, with mineralised intercepts ranging from 89.6m to 121.68m, grades ranging 4.01% to 5.29%, and remaining open in all directions.  This all adds to work we carried out in 2017, defining the main conductive zone at Aitolampi.  We now look forward to producing a Maiden Resource Estimate (“MRE”) (JORC Code 2012 edition), and thereafter a Scoping Study.

“We have a supportive environment in Finland for battery minerals and metals producers, which is materialising into new networks, partnerships, projects, and funding opportunities, as evidenced by our involvement in the raw materials suppliers’ Cooperation Network, and the funding we have received from Business Finland.

“Recently, we announced the award of contracts for the MRE, and an Environmental and Social Impact Assessment Roadmap, and we will shortly commence baseline environmental and biodiversity studies.

“We have a busy few months ahead, and we look forward to updating shareholders on our progress in due course,” Kurt Budge, CEO, commented.

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