REG - Beowulf Mining PLC - Initiation of the Consultation Process for Kallak

Beowulf MiningAnnouncement

30/09/2024 07:00

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RNS Number : 1240G  Beowulf Mining PLC  30 September 2024

 

 

 

30 September 2024

 

Beowulf Mining Plc

 

("Beowulf" or the "Company")

 

Initiation of the Consultation Process for the Kallak Iron Ore Project

 

Beowulf (AIM: BEM; Spotlight: BEO) and its wholly owned Swedish subsidiary
Jokkmokk Iron Mines AB ("Jokkmokk Iron") are pleased to announce that the
Consultation Process for the Kallak or Gállok Iron Ore project ("Kallak" or
"the Project") has commenced.

 

Consultation is part of the Environmental Permitting process according to the
Environmental Code (1998:808) and the Environmental Assessment Ordinance
(2017:966) and aims to create a better basis for decisions by obtaining
knowledge, ensuring quality and scope and reducing uncertainties for the
future project. Furthermore, the consultation also aims to delimit the
Environmental Impact Assessment and enable a transparent dialogue with
authorities and the general public.

 

A Consultation Document has been prepared which sets out the main parameters
and potential impacts of the Kallak Project. This document is available on the
Jokkmokk Iron website (www.jokkmokkiron.se/samrad
(http://www.jokkmokkiron.se/samrad) ) and an English translation has been made
available on the Beowulf website
(www.beowulfmining.com/investors/reports-presentations/#reports
(http://www.beowulfmining.com/investors/reports-presentations/#reports) ).

 

The consultation is important for the Company to be able to obtain views from
those who may be affected by the planned development of Kallak. These views
will be taken into account in further investigations and planning, and all
comments will be compiled in a statement that will be submitted with the
Environmental Permit application. The consultation report will also show how
the issues that have arisen during the consultation have been handled. Once
the Environmental Permit application has been submitted to the responsible
review authority, in this case the Land and Environment Court, the application
is usually sent to various authorities who are allowed to comment on whether
the application is complete or if there is a need for supplementary
information.

 

If the Court considers that the application is not complete, the Company will
be given the opportunity to provide the additional required information. When
the application is deemed complete, it will be announced. The purpose of the
announcement is to give interested parties the opportunity to submit their
views. The Company will be given the opportunity to respond to the comments
that have been received, after which a main hearing is normally held. The main
hearing is an open meeting usually held in a location close to the intended
activity. Sometime after the main hearing, the Court will issue a judgment in
the case.

 

A judgment from the Land and Environment Court can be appealed by authorities
and interested parties. Judgments from the Land and Environment Court are
appealed to the Land and Environment Court of Appeal. In order for the Land
and Environment Court of Appeal to take up the case, the Court must, following
receipt of an appeal, grant a leave to appeal. If the Land and Environment
Court of Appeal does not grant leave to appeal, the judgment of the Land and
Environment Court applies, in other words, the Court's decision becomes final
and the Environmental Permit becomes valid.

 

The consultation process will remain open until mid-November. The Company will
then complete any additional investigation work and plans to submit the
Environmental Permit application in the Spring of 2025. The Court is then
expected to take approximately two years to review the application.

 

 

 Enquiries:

 

 Beowulf Mining plc
 Ed Bowie, Chief Executive Officer          ed.bowie@beowulfmining.com

 SP Angel
 (Nominated Adviser & Joint Broker)
 Ewan Leggat / Stuart Gledhill / Adam Cowl  Tel: +44 (0) 20 3470 0470

 Alternative Resource Capital
 (Joint Broker)
 Alex Wood                                  Tel: +44 (0) 20 7186 9004

 BlytheRay
 Tim Blythe / Megan Ray                     Tel: +44 (0) 20 7138 3204

 

 

About Beowulf Mining plc

 

Beowulf Mining is a mining company with main activities in exploration and
development in Sweden, Finland, and Kosovo. Beowulf's portfolio is diversified
by commodity, geography, and stage of development of the projects, and
consists primarily of iron ore, graphite, gold, and base metals. Beowulf
Mining is headquartered in London, England.

 

 

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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