31.4 C
Belgrade
Supported byspot_img
spot_img

Beowulf Mining confirms higher grade mineralisation at Finnish project

Member of Europium Groupspot_img
Supported byspot_img

Mineral exploration and development firm Beowulf Mining announced on Friday that drilling has confirmed higher-grade mineralisation at its Aitolampi graphite project in Finland.

The AIM-traded company said that higher grade mineralisation extends at least 150m along strike with mineralised intercepts between 89.6m and 121.68m, and grades ranging from 4.01% to 5.29% in two zones that merge to form a single mineralisation.

Kurt Budge, chief executive of Beowulf Mining, said: “In January 2018, metallurgical test-work demonstrated the broad market attractiveness of the graphite concentrates that we might produce in the future.”

Supported by

Beowulf said test-work has shown that the graphite concentrates at the site have the potential to serve lithium ion battery manufacturers but could also suit a variety of other applications.

“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,” said Budge.

Now that drilling has been completed, the company said it will move on with a resource estimate followed by a scoping study.

As of 1040, Beowulf Mining’s shares were up 3.45% at 7.50p.

Source: sharecast

Supported byElevatePR Digital

Related News

Euromax Resources challenges North Macedonian concession merger decision in legal battle

Canada's Euromax Resources, known for its Ilovica copper mine project in North Macedonia, is embroiled in a legal dispute following the Administrative Court's dismissal...

Berkeley Energia initiates $1 billion arbitration against Spain over Retortillo uranium project dispute

Berkeley Energia, facing setbacks with its Retortillo uranium project in Spain, has escalated its dispute by initiating arbitration proceedings under the Energy Charter Treaty...

Orica and Fertiberia mark historic milestone with low-carbon ammonium nitrate blast

Orica and Fertiberia have achieved a significant milestone by successfully conducting the first blast using low-carbon Technical Ammonium Nitrate (TAN) at the Canteras de...

Revitalizing Tara Zinc Mine in Ireland: Boliden’s path to sustainability and growth

On May 3, Boliden announced a breakthrough agreement between worker's unions and local management to resume operations at Ireland’s largest mining operation, the Tara...
Supported by
Supported by
Supported by
error: Content is protected !!