TIDMBEM
Beowulf Mining PLC
21 December 2021
21 December 2021
Beowulf Mining plc
("Beowulf" or the "Company")
Kallak Update
Beowulf (AIM: BEM; Spotlight: BEO), the mineral exploration and
development company, provides an update on its application for an
Exploitation Concession for the Kallak North Iron Ore Project
("Kallak").
The Company has provided comments to the Ministry of Enterprise
and Innovation (the "Ministry") regarding a letter, dated 10
December 2021, written on behalf of Jåhkågasska and Sirges samebyar
("Sami villages") addressed to The Mining Inspectorate of Sweden
("Bergsstaten") and copied to the Ministry.
The Company's letter is printed in full below:
Swedish:
Regeringen
Näringsdepartementet
Yttrande i ärende nr N2017/04553/FÖF, Jokkmokk Iron Mines AB
angående ansökan om bearbetningskoncession för område Kallak nr 1 i
Jokkmokks kommun, Norrbottens län
Jokkmokk Iron Mines (nedan JIMAB eller bolaget) har beretts
möjlighet att lämna eventuella syn--punkter till
Näringsdepartementet med anledning av synpunkter från Samernas
riksförbund. I egen--skap av ombud för JIMAB får jag anföra
följande.
Förutsättningarna för att bevilja bearbetningskoncession har
inte förändrats från april 2013 då ansökan lämnades in.
Malmbevisningskravet enligt 4 kap. 2 -- minerallagen är
uppfyllt.
Samernas riksförbund pekar i en skrivelse på en analys som JIMAB
har låtit utföra. Denna analys visar på ett scenario för hur
gruvverksamheten kan bedrivas. Andra inledande studier som Bolaget
har genomfört pekar dessutom att det finns ungefär 389 miljoner ton
utvinningsbar järnmalm i området, vilket visar att det även finns
goda framtida förutsättningar för gruvbrytning utöver nu aktuell
ansökan.
Järnmalmen i aktuella fyndigheten har en renhet som i jämförelse
med annan järnmalm ger bästa förut--sättningar för låg
miljö--belastning och lågt klimatavtryck i hela produktionskedjan
fram till färdigt stål. SGU har i beslutet om utpekande av
riksintresse angett att fyndigheten är viktig från
material--försörj--nings--synpunkt och viktig för gruvnäringen ur
ett nationellt perspektiv.
Stockholm den 20 december 2021
JOKKMOKK IRON MINES AB, genom
Magnus Fröberg, Advokat
Fröberg & Lundholm Advokatbyrå
English Translation:
Government
Ministry of Economic Affairs
Opinion in No. N2017/04553/FÖF, Jokkmokk Iron Mines AB regarding
the application for a processing concession for area Kallak No. 1
in Jokkmokk Municipality, Norrbotten County
Jokkmokk Iron Mines (below JIMAB or the company) has been given
the opportunity to submit any comments to the Ministry of
Enterprise and Industry in response to comments from the Sami
National Association. As a representative of JIMAB, I may state the
following.
The conditions for granting processing concessions have not
changed from April 2013 when the application was submitted. The ore
proofing requirement under Chapter 4, Section 2 of the Minerals Act
has been fulfilled.
In a letter, the Sami National Association points to an analysis
commissioned by JIMAB. This analysis shows one scenario for how
mining operations can be conducted. Other initial studies conducted
by the Company also indicate that there are approximately 389
million tonnes of iron mineralisation in the area, which shows that
there are also good future conditions for mining in addition to the
current application.
The iron ore in the current deposit is a purity that, compared
to other iron ore, provides the best conditions for low
environmental impact and low climate footprint throughout the
production chain until finished steel. SGU has stated in the
decision on the designation of national interest that the deposit
is important from a material supply point of view and important for
the mining industry from a national perspective.
Stockholm, 20 December 2021
JOKKMOKK IRON MINES AB, by
Magnus Fröberg, Lawyer
Fröberg & Lundholm Law Firm
Kurt Budge, CEO of Beowulf Mining commented:
"With the transition to the Green Economy underway and the
Government's acknowledgement that Sweden needs more mines, Beowulf
has continued to invest in studies on Kallak.
"Over the last 15 months, the Company has demonstrated that
Kallak iron ore concentrate is market leading and increased the
potential tonnage of iron mineralisation across its licences, which
could provide security, diversity, and sustainability of supply for
downstream fossil free steel makers in Norrbotten.
"Over the last 15 years of Kallak's development, the opportunity
for all stakeholders has only got bigger and better, with
Norrbotten able to leverage renewable energy, power mines,
logistics, and steel plants, and its economy.
"It is very pleasing that the new Minister of Enterprise and
Innovation has injected new momentum into the handling of the
Company's Kallak application, and has sought to consult with Sami
stakeholders, including, in the last week, the Sami Parliament's
Chairman of the Board.
"Beowulf understands that the Sami villages have requested a
Swedish translation of the UNESCO letter, dated 2 June 2021, before
they can provide comments to the Government on the same. We do not
know the new deadline for the Sami villages comments. Originally, a
deadline of 16 December 2021 had been set.
"In the New Year, Beowulf is looking forward to continuing
dialogue with stakeholders in Jokkmokk, including reindeer herders,
and working with the same, to create the partnerships critical for
maximising the benefits that will be generated by a mining
operation at Kallak and felt by all."
Enquiries:
Beowulf Mining plc
Kurt Budge, Chief Executive Tel: +44 (0) 20 7583
Officer 8304
SP Angel
(Nominated Adviser & Broker)
Ewan Leggat / Stuart Gledhill Tel: +44 (0) 20 3470
/ Adam Cowl 0470
Blytheweigh
Tim Blythe / Megan Ray Tel: +44 (0) 20 7138
3204
Cautionary Statement
Statements and assumptions made in this document with respect to
the Company's current plans, estimates, strategies and beliefs, and
other statements that are not historical facts, are forward-looking
statements about the future performance of Beowulf. Forward-looking
statements include, but are not limited to, those using words such
as "may", "might", "seeks", "expects", "anticipates", "estimates",
"believes", "projects", "plans", strategy", "forecast" and similar
expressions. These statements reflect management's expectations and
assumptions in light of currently available information. They are
subject to a number of risks and uncertainties, including, but not
limited to , (i) changes in the economic, regulatory and political
environments in the countries where Beowulf operates; (ii) changes
relating to the geological information available in respect of the
various projects undertaken; (iii) Beowulf's continued ability to
secure enough financing to carry on its operations as a going
concern; (iv) the success of its potential joint ventures and
alliances, if any; (v) metal prices, particularly as regards iron
ore. In the light of the many risks and uncertainties surrounding
any mineral project at an early stage of its development, the
actual results could differ materially from those presented and
forecast in this document. Beowulf assumes no unconditional
obligation to immediately update any such statements and/or
forecast .
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END
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