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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Beowulf Mining Plc | LSE:BEM | London | Ordinary Share | GB0033163287 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.60 | 0.55 | 0.65 | 0.60 | 0.60 | 0.60 | 816,277 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Coal Mining Services | 0 | -2.86M | -0.0025 | -2.40 | 6.94M |
From Apr 2019 to Apr 2024
TIDMBEM
RNS Number : 0271G
Beowulf Mining PLC
24 May 2017
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
24 May 2017
Beowulf Mining plc
("Beowulf" or the "Company")
Graphite Exploration Update
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 further results from its recently completed eight-hole diamond drill programme at its 100 per cent owned Aitolampi graphite prospect.
Highlights:
-- Drilling confirms that electromagnetic ("EM") anomalies identified at Aitolampi are associated with wide zones of graphite mineralisation, with a mineralised strike length of at least 350m along the main conductive zone drill-tested, dipping between 40 and 50 degrees to the southwest. The main EM zone extends for 700m.
-- Drill hole AITDD17006 intercepted 202.98m at 3.09 per cent Total Graphite Carbon ("TGC") from 19.2m depth (this includes some barren zones with no assays and calculated as zero per cent TGC), and higher-grade zones of 18.95m at 6.33 per cent TGC, and 14m at 6.26 per cent TGC.
-- Drill hole AITDD17001 intercepted 141.86m at 3.72 per cent TGC from 19.67m depth, including a higher-grade zone of 39.48m at 5.02 per cent TGC.
-- Drill hole AITDD17008 intercepted 60.29m at 4.01 per cent TGC from 8.71m depth, including 12m at 5.79 per cent TGC.
-- Drill hole AITDD17005 intercepted 41.1m at 4.39 per cent TGC from start of hole, including 28.4m at 5.1 per cent TGC and 4m at 7.71 per cent TGC.
It should be noted that the mineralisation intercepts are the down-hole widths and are not the true width of mineralisation. All samples were prepared and analysed by ALS Finland Oy's laboratory in Outokumpu.
Composite samples for metallurgical testwork have been dispatched to SGS Mineral Services in Canada, including an average grade composite for the main conductive zone, a higher-grade composite for the main conductive zone/near-surface mineralisation, and a higher-grade composite for the parallel conductive zones. Results are expected in the summer.
Plans and cross sections showing these results can be found on the Company's website at www.beowulfmining.com.
Kurt Budge, Chief Executive Officer of Beowulf, commented:
"We are pleased to provide a further update on our recent drilling programme, having now put some scale to the mineralisation at Aitolampi, along strike and sub-surface. We have drilled half the length of the 700m EM conductive zone and confirmed mineralisation. We look forward to the results of the metallurgical testwork on three composite samples, which will add to the current picture, and demonstrate what we can produce from Aitolampi, in terms of concentrate grades and flake size distribution.
"On 8 May, the Company's exploration team began a two months' field programme at Haapamäki, Pitkäjärvi and Aitolampi, which includes further Slingram EM surveys and geological mapping, with the objective of defining new drill targets.
"Over the summer, the team will be carrying out fieldwork on the Company's Kolari and Viistola graphite projects, which will help us improve our understanding of both. Also, the fieldwork programmes will enable us to rank all our prospects and best allocate investment capital.
"We look forward to keeping shareholders updated on our progress."
Aitolampi - Background
Aitolampi is in eastern Finland, approximately 40 kilometres ("km") southwest of the well-established mining town of Outokumpu. Infrastructure in the area is excellent, with road access and available high voltage power.
The area has extensive EM conductive zones (anomalies) that were first defined by an airborne survey carried out by the Geological Survey of Finland ("GTK"). In 2016, the Company carried out its own in-house Slingram EM surveys to add further definition to the GTK survey and geological mapping. The EM anomalous trend from Pitk j rvi to Aitolampi extends more than 16km in length and up to 0.6km in width.
Aitolampi - Drilling
The objective of the drilling programme was to assess the potential for sub-surface graphite mineralisation (extent, width, depth, and continuity) along a major EM conductive zone, and to test two parallel conductive zones to the southwest of the main zone.
Drill results confirm that the EM zones tested are associated with wide zones of graphite mineralisation continuous along strike and down dip. Geological interpretation of the drill data shows that the graphite mineralised zones strike parallel to and are coincidental with the EM conductors (northwest-southeast). The zones dip between 40 to 50 degrees to the southwest and can be very broad, attaining a down the hole thickness of up of up to 140m, as intersected in drill hole AITDD17001 on section 6935566N on the main EM anomaly. Drilling has confirmed mineralisation for 350m along strike in that part of the EM conductive zone, with the identified EM anomaly extending for 700m in total.
Higher-grade graphite zones are evident within the broader mineralised zones as seen in drill hole AITDD17006 on section 6935371N, designed to test two parallel conductors southwest of the main conductive zone. Intercepts include down the hole widths of 18.95m at 6.33 per cent TGC from 20.6m, and 14.0m at 6.26 per cent TGC from 102m, within a broader zone of 45.80m at 4.71 per cent TGC and 50.6m at 4.4 per cent TGC. These conductive zones extend along strike for 200m and 300m respectively.
Table of Drill Core Mineralised Intercepts - down the hole widths
Hot Features
Premium
Hole ID From To *Width **TGC Location - Comments
----------- ------- ------- ---------- ------ -------------------------------------------------------------------
DD17001 19.67 161.53 141.86 3.72 Section 6935566N - main conductive zone
----------- ------- ------- ---------- ------ -------------------------------------------------------------------
including 19.67 113.48 93.81 4.10
----------- ------- ------- ---------- ------ -------------------------------------------------------------------
including 74.00 113.48 39.48 5.02
----------- ------- ------- ---------- ------ -------------------------------------------------------------------
DD17007 24.00 106.61 82.61 3.83 Section 6935566N - main conductive zone, down dip hole
----------- ------- ------- ---------- ------ -------------------------------------------------------------------
including 83.00 105.00 22.00 4.72
----------- ------- ------- ---------- ------ -------------------------------------------------------------------
and 95.00 105.00 10.00 5.24
----------- ------- ------- ---------- ------ -------------------------------------------------------------------
DD17002 9.10 83.00 73.90 3.66 Section 6935535N - main conductive zone
----------- ------- ------- ---------- ------ -------------------------------------------------------------------
including 73.00 83.00 10.00 5.74
----------- ------- ------- ---------- ------ -------------------------------------------------------------------
DD17008 8.71 69.00 60.29 4.01 Section 6935535N - main conductive zone, down dip hole
----------- ------- ------- ---------- ------ -------------------------------------------------------------------
including 57.00 69.00 12.00 5.79
----------- ------- ------- ---------- ------ -------------------------------------------------------------------
DD17003 21.61 58.12 36.51 4.12 Section 6935371N - main conductive zone
----------- ------- ------- ---------- ------ -------------------------------------------------------------------
including 50.00 58.12 8.12 5.25
----------- ------- ------- ---------- ------ -------------------------------------------------------------------
DD17006 19.20 222.18 ***202.98 3.09 Section 6935371N long drill hole to test main zone and parallel
conductors
----------- ------- ------- ---------- ------ -------------------------------------------------------------------
including 19.20 65.00 45.80 4.71 Parallel conductive zone
----------- ------- ------- ---------- ------ -------------------------------------------------------------------
including 20.60 39.55 18.95 6.33 Parallel conductive zone
----------- ------- ------- ---------- ------ -------------------------------------------------------------------
and 78.50 129.10 50.60 4.40 Parallel conductive zone
----------- ------- ------- ---------- ------ -------------------------------------------------------------------
including 102.00 116.00 14.00 6.26 Parallel conductive zone
----------- ------- ------- ---------- ------ -------------------------------------------------------------------
and 178.00 221.18 44.18 3.74 Main conductive zone, down dip
----------- ------- ------- ---------- ------ -------------------------------------------------------------------
DD17005 2.90 44.00 41.10 4.39 Section 6935306N - parallel conductor
----------- ------- ------- ---------- ------ -------------------------------------------------------------------
including 9.60 38.00 28.40 5.10
----------- ------- ------- ---------- ------ -------------------------------------------------------------------
including 26.00 30.00 4.00 7.71
----------- ------- ------- ---------- ------ -------------------------------------------------------------------
and 86.95 108.24 21.29 2.59 Section 6935306N - extension of main conductive zone, down dip
hole
----------- ------- ------- ---------- ------ -------------------------------------------------------------------
DD17004 17.00 53.57 36.57 4.16 Section 6935306N - extension of main conductive zone
----------- ------- ------- ---------- ------ -------------------------------------------------------------------
including 47.00 53.57 6.57 6.00
----------- ------- ------- ---------- ------ -------------------------------------------------------------------
* The mineralisation intercept is the down-hole width and is not the true width
** No cut-off grade applied
*** Including barren zones with no assays calculated as zero per cent TGC
Viistola
Viistola is in eastern Finland approximately 30km southeast of the town of Joensuu. In February 2016, the Company applied for an exploration permit 0.74 square kilometres ("km(2)"), which includes an EM conductor associated with graphite schist. The graphite is hosted in a massive to brecciated graphitic schist associated with gabbro, quartzite, dolomite and phyllite country rocks.
Based on historical diamond drilling, rock chip drilling, trenching and ground geophysics, a potential target at Hyypiä, a prospect which forms part of Viistola, has been identified. The Company's exploration team plans to be on site in Q3 2017.
Kolari
Kolari is in northwest Finland approximately 50km and 100km east of Talga Resources' (ASX:TLG) Vittangi project and Jalkunen graphite projects respectively, both of which are situated in Sweden. The Company has a 100 per cent owned claim reservation over an area of 96.97km(2). A desktop study of the area has been completed and shows extensive areas of graphitic schist. The Company's exploration team plans to be on site in Q3 2017.
Competent Person Review
The information in this announcement has been reviewed by Mr. Rasmus Blomqvist, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy. Mr. Rasmus Blomqvist has sufficient experience, that is relevant to the style of mineralisation and type of deposit taken into consideration, and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves".
Mr. Rasmus Blomqvist is a full-time employee of Oy Fennoscandian Resources, a 100 per cent owned subsidiary of the Company.
JORC Code, 2012 Edition - Table 1
Section 1 Sampling Techniques and Data
Criteria JORC Code explanation Commentary
Sampling
techniques * Nature and quality of sampling (eg cut channels, * Diamond drill core was sampled based on visually
random chips, or specific specialised industry observed graphite mineralization.
standard measurement tools appropriate to the
minerals under investigation, such as down hole gamma
sondes, or handheld XRF instruments, etc). These * The drill core was either half-cut (drill holes
examples should not be taken as limiting the broad AITDD17001-17005) or quarter-cut (drill holes
meaning of sampling. AITDD17006-17008).
* Include reference to measures taken to ensure sample * Sampling was carried out under the Company`s sampling
representivity and the appropriate calibration of any protocols and QA/QC procedures as per industry best
measurement tools or systems used. practice.
* Aspects of the determination of mineralisation that * The drill core has been sampled on geological
are Material to the Public Report. intervals of 1m-3m, and 2m intervals within wider
mineralized intercepts where appropriate. All samples
were crushed and pulverized to produce a sub-sample
* In cases where 'industry standard' work has been done to be analysed for Graphitic Carbon by Leco furnace,
this would be relatively simple (eg 'reverse Total Carbon by Leco furnace, and Total Sulphur by
circulation drilling was used to obtain 1 m samples Leco furnace and infrared spectroscopy.
from which 3 kg was pulverised to produce a 30 g
charge for fire assay'). In other cases more
explanation may be required, such as where there is
coarse gold that has inherent sampling problems.
Unusual commodities or mineralisation types (eg
submarine nodules) may warrant disclosure of detailed
information.
Drilling
techniques * Drill type (eg core, reverse circulation, open-hole * Diamond drilling was completed by Northdrill Oy from
hammer, rotary air blast, auger, Bangka, sonic, etc) Finland.
and details (eg core diameter, triple or standard
tube, depth of diamond tails, face-sampling bit or
other type, whether core is oriented and if so, by * Using WL76 equipment, with a core diameter of
what method, etc). 61.77mm.
* Core was orientated for all holes using Reflex ACT 3
core orientation tool.
* Downhole surveys for all drill holes were completed
by Northdrill Oy using a Deviflex instrument.
Drill sample
recovery * Method of recording and assessing core and chip * Core recovery was measured and recorded for every
sample recoveries and results assessed. core run by the drillers. Any core loss was recorded
on the core blocks by the drillers.
* Measures taken to maximise sample recovery and ensure
representative nature of the samples. * Core recovery was double-checked and measured for all
drill holes by the Company`s geologists during core
logging. The core length recovered was calculated as
* Whether a relationship exists between sample recovery a percentage of the theoretical core length.
and grade and whether sample bias may have occurred
due to preferential loss/gain of fine/coarse
material. * No additional measures were taken to maximize core
recovery.
* The core recovery was generally very good and a
sampling bias has not been determined.
Logging
* Whether core and chip samples have been geologically * All drill core was geologically logged, determining
and geotechnically logged to a level of detail to lithology, mineralogy, mineralization, texture, and
support appropriate Mineral Resource estimation, structural observations.
mining studies and metallurgical studies.
* Density, RQD and core recovery were measured on all
* Whether logging is qualitative or quantitative in drill core by the Company`s geologists.
nature. Core (or costean, channel, etc) photography.
* All drill core was photographed in wet and dry states
* The total length and percentage of the relevant after logging was completed, and sample intervals had
intersections logged. been marked on the core boxes.
Sub-sampling
techniques * If core, whether cut or sawn and whether quarter, * The drill core was either half-cut (drill holes
and sample half or all core taken. AITDD17001-17005) or quarter-cut (drill holes
preparation AITDD17006-17008). All core was sawed by ALS Finland
Oy.
* If non-core, whether riffled, tube sampled, rotary
split, etc and whether sampled wet or dry.
* Samples were prepared following industry best
practice by ALS Finland Oy. Each sample is crushed
* For all sample types, the nature, quality and with more than 70% passing the
appropriateness of the sample preparation technique.
* Duplicate samples were completed at a rate of 1:40 to
* Quality control procedures adopted for all 1:60 where practicable.
sub-sampling stages to maximise representivity of
samples.
* Certified standards and blanks were inserted at a
rate of 1:20 where practicable.
* Measures taken to ensure that the sampling is
representative of the in situ material collected,
including for instance results for field * The sample sizes were considered appropriate for the
duplicate/second-half sampling. type of mineralisation (graphite)
* Whether sample sizes are appropriate to the grain
size of the material being sampled.
Quality of
assay data * The nature, quality and appropriateness of the * All samples were assayed for Total Graphitic Carbon
and assaying and laboratory procedures used and whether by Leco furnace. Graphitic Carbon is determined by
laboratory the technique is considered partial or total. digesting a sample in 50% Hydro-chloric Acid to
tests evolve carbonate as Carbon Dioxide. Residue is
filtered, washed, dried, and then roasted at 425 C.
* For geophysical tools, spectrometers, handheld XRF The roasted residue is analysed for Carbon by high
instruments, etc, the parameters used in determining temperature Leco furnace with infrared detection.
the analysis including instrument make and model,
reading times, calibrations factors applied and their
derivation, etc. * All samples were assayed for total Carbon by Leco
furnace.
* Nature of quality control procedures adopted (eg
standards, blanks, duplicates, external laboratory * All samples were assayed for total Sulphur by Leco
checks) and whether acceptable levels of accuracy (ie furnace and infrared spectroscopy.
lack of bias) and precision have been established.
* Selected samples were assayed with UltraTrace Level
Method - 51 elements, including gold and mercury, by
aqua regia digestion and a combination of ICP-AES and
ICP-MS analysis.
* The analytical methods are considered appropriate for
the style of mineralisation.
* No geophysical tools or handheld instruments were
used to analyse the core.
* Duplicate samples were completed at a rate of 1:40 to
1:60 where practicable. Duplicates for all holes are
satisfactory.
* Certified standards and blanks were inserted at a
rate of 1:20 where practicable. Standard and blank
results are within accepted limits.
* Laboratory QA/QC methods include insertion of
certified standards, blanks, and duplicates.
Verification
of sampling * The verification of significant intersections by * Rasmus Blomqvist, the Competent Person to this report
and assaying either independent or alternative company personnel. has reviewed the drill core and verified significant
graphite intersections.
* The use of twinned holes.
* No twinned holes have been drilled.
* Documentation of primary data, data entry procedures,
data verification, data storage (physical and * All location, geological and geotechnical data has
electronic) protocols. been electronically stored in excel spreadsheets with
several back-ups of all data.
* Discuss any adjustment to assay data.
* No adjustments have been done to any assay data in
this report.
Location of
data points * Accuracy and quality of surveys used to locate drill * All drill hole collars have been determined using a
holes (collar and down-hole surveys), trenches, mine Garmin hand-held GPS with an accuracy of +/-1m. The
workings and other locations used in Mineral Resource azimuth of the drill holes was laid-out with a Suunto
estimation. hand-held compass with an accuracy of +/-2 degrees.
* Specification of the grid system used. * Downhole surveys for all drill holes completed on
regular intervals by the drillers using a Deviflex
instrument.
* Quality and adequacy of topographic control.
* The grid system used is EUREF FIN TM35FIN.
* The topographic data used for the drill sections has
been gridded using elevation data acquired from the
National Land Survey of Finland.
Data spacing
and * Data spacing for reporting of Exploration Results. * The spacing between the drilled profiles is
distribution approximately 100-150m.
* Whether the data spacing and distribution is
sufficient to establish the degree of geological and
grade continuity appropriate for the Mineral Resource
and Ore Reserve estimation procedure(s) and
classifications applied.
* Whether sample compositing has been applied.
Orientation
of data in * Whether the orientation of sampling achieves unbiased * All drill holes have been drilled perpendicular to
relation to sampling of possible structures and the extent to the interpreted strike of the mineralization and
geological which this is known, considering the deposit type. lithology.
structure
* If the relationship between the drilling orientation * No sampling bias as consequence of orientation based
and the orientation of key mineralised structures is sampling has been identified.
considered to have introduced a sampling bias, this
should be assessed and reported if material.
Sample
security * The measures taken to ensure sample security. * The sample chain of custody is managed by the
Company`s geological personnel.
* All core is stored in a locked facility.
Audits or
reviews * The results of any audits or reviews of sampling * No external review of the sampling techniques and
techniques and data. data has been completed.
============= ============================================================ ============================================================
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
Mineral
tenement and * Type, reference name/number, location and ownership * The Aitolampi mineralization is located within
land tenure including agreements or material issues with third exploration permit Pitkäjärvi
status parties such as joint ventures, partnerships, (ML2016:0040).
overriding royalties, native title interests,
historical sites, wilderness or national park and
environmental settings. * The exploration permit is 100% owned by the Company`s
Finnish subsidiary. No native title interest,
historical sites, national parks or nature
* The security of the tenure held at the time of conservation areas exist within the exploration
reporting along with any known impediments to permit.
obtaining a licence to operate in the area.
* The exploration permit is in good standing with the
local mining authority TUKES.
Exploration
done by other * Acknowledgment and appraisal of exploration by other * No historic exploration for graphite has been done at
parties parties. the Aitolampi prospect.
Geology
* Deposit type, geological setting and style of * The Pitkäjärvi exploration permit area
mineralisation. belongs to the geological unit of the Karelian domain,
part of the proterozoic svecokarelian supracrustal
rocks. The area is in a regional open fold of
considerable size, about 10km wide and 20-30km long
which is cut by a regional fault zone(s) in the
northeast. The fold is clearly visible on
aeromagnetic and electromagnetic maps.
Quartz-feldspar-biotite gneiss is the most common
rock type in the area. The main mineral composition
of the gneiss is quartz, feldspars (mainly
plagioclase), micas (mainly biotite) +/- graphite.
Accessory minerals seen in thin sections are zircons,
garnets, sericite, and chlorite. Graphite schist is
common as layers and lenses in the
quartz-feldspar-biotite gneiss. These metasediments
have been metamorphosed to the upper amphibolite to
granulite facies (650-700˚C, 4-5kbar).
* The graphite mineralization at Aitolampi is comprised
of a number of graphite lenses which generally extend
for several hundred metres along strike and dips
40-50 to southwest. Based on the completed drill
program the known graphite/sulphide bearing lenses
consists of 40-140m wide continuous units of
predominately fine to medium size graphite flakes
containing approximately 4% total graphitic carbon.
The hanging-wall and footwall is comprised of
quartz-feldspar-biotite rich gneisses with common
garnet porphyroblasts. The graphitic lenses are
commonly intruded by pegmatite veins which vary from
tens of centimetres to tens of metres in thickness.
Drill hole
Information * A summary of all information material to the * A tabulation of the drill hole information and
understanding of the exploration results including a mineralized down hole intercepts, length, and depth,
tabulation of the following information for all can be found on the Company`s website.
Material drill holes:
o easting and northing of the drill hole collar
o elevation or RL (Reduced Level - elevation above sea
level in metres) of the drill hole
collar
o dip and azimuth of the hole
o down hole length and interception depth
o hole length.
* If the exclusion of this information is justified on
the basis that the information is not Material and
this exclusion does not detract from the
understanding of the report, the Competent Person
should clearly explain why this is the case.
Data
aggregation * In reporting Exploration Results, weighting averaging * No cut-off grade has been applied in this report.
methods techniques, maximum and/or minimum grade truncations
(eg cutting of high grades) and cut-off grades are
usually Material and should be stated. * No metal equivalents have been used in this report.
* Where aggregate intercepts incorporate short lengths
of high grade results and longer lengths of low grade
results, the procedure used for such aggregation
should be stated and some typical examples of such
aggregations should be shown in detail.
* The assumptions used for any reporting of metal
equivalent values should be clearly stated.
Relationship * Only the down hole lengths are reported.
between * These relationships are particularly important in the
mineralisation reporting of Exploration Results.
widths and
intercept
lengths * If the geometry of the mineralisation with respect to
the drill hole angle is known, its nature should be
reported.
* If it is not known and only the down hole lengths are
reported, there should be a clear statement to this
effect (eg 'down hole length, true width not known').
Diagrams
* Appropriate maps and sections (with scales) and * Appropriate maps, sections and tabulations can be
tabulations of intercepts should be included for any found on the Company`s website.
significant discovery being reported These should
include, but not be limited to a plan view of drill
hole collar locations and appropriate sectional
views.
Balanced
reporting * Where comprehensive reporting of all Exploration * Both low and high grades, and the widths of the
Results is not practicable, representative reporting intercepts are reported.
of both low and high grades and/or widths should be
practiced to avoid misleading reporting of
Exploration Results.
Other
substantive * Other exploration data, if meaningful and material, * Previous metallurgical test results from surface grab
exploration should be reported including (but not limited to): samples at Aitolampi were announced on 25 January
data geological observations; geophysical survey results; 2017. Follow link:
geochemical survey results; bulk samples - size and http://beowulfmining.com/news/graphite-metallurgical-t
method of treatment; metallurgical test results; bulk estwork-results/
density, groundwater, geotechnical and rock
characteristics; potential deleterious or
contaminating substances.
Further work
* The nature and scale of planned further work (eg * Metallurgical testwork on representative core samples
tests for lateral extensions or depth extensions or will be completed at SGS Mineral Services in Canada.
large-scale step-out drilling).
* Further geological mapping, EM slingram measurements,
* Diagrams clearly highlighting the areas of possible followed by geological and geophysical interpretation
extensions, including the main geological will be completed during the coming months.
interpretations and future drilling areas, provided
this information is not commercially sensitive.
=============== =============================================================== =============================================================
Enquiries:
Beowulf Mining plc Kurt Budge, Chief Executive Tel: +44 (0) 20 3771 6993 Officer Cantor Fitzgerald Europe (Nominated Advisor & Broker) David Porter / Craig Francis Tel: +44 (0) 20 7894 7000 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 forecasts.
This information is provided by RNS
The company news service from the London Stock Exchange
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