Beowulf Mining: Aitolampi Delivers High Grade Concentrate 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 high grade concentrate results for composite samples from its Aitolampi project.
Kurt Budge, Chief Executive Officer of Beowulf, commented:

“We are very pleased to have completed this latest testwork programme, and to get more positive results from our work at Aitolampi. We will shortly be appointing expert consultants to assess the suitability of Aitolampi’s concentrates for different market applications.
Following that, it’s our intention to undertake a Scoping Study, and, in parallel, work towards defining a maiden Mineral Resource.”

Background and Summary of the Work
Aitolampi is in eastern Finland, approximately 40 kilometres southwest of the well-established mining town of Outokumpu. Infrastructure in the area is excellent, with road access and available high voltage power. In March 2017, the Company completed an eight-hole diamond drilling programme, 1,197 metres.
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