©2013 Beowulf Mining plc, Richmond House, Broad Street, Ely, Cambridgeshire. CB7 4AH
The Ruoutevare Magnetite Project consists of one exploration permit covering a total
area of 850 hectares located approximately 1,100km north of Stockholm, in Norrbotten
County, 13km north-
The project area is approximately 180km by road from the nearest potential road-
In August 2008, Beowulf announced a maiden JORC Code compliant Inferred Mineral Resource
estimate for the project. Completed by independent geological consultants Runge Limited,
the Inferred Mineral Resource estimate of 140 million tonnes (Mt) grading 39.1% iron
(Fe), 5.7% titanium (Ti) and 0.2% vanadium (V) (cut-
The estimate is based principally on 32 diamond core drill holes totalling 6,223m, drilled by the Geological Survey of Sweden (SGU) in the early 1970s. SGU estimated 116Mt at 38.2% Fe, 5.6% Ti and 0.17% V. Detailed ground magnetic and metallurgical test work was made available to Runge Limited, together with geological mapping of the deposit completed in 2006. A comprehensive review of the drill data and geophysical information, together with the findings of the 2006 geological mapping report by Beowulf indicate that mineralisation extends beyond the area drilled by the SGU.
Detailed metallurgical test work of the Ruoutevare deposit was first carried out
by the Swedish government-
The Ruoutevare magnetite deposit is an out-
The magnetite mineralisation consists of four lenticular pods of mineralisation that are interpreted to be the result of magmatic layering within the intrusive complex. The most significant mineralised body is approximately 1,500m long and 200m to 300m wide.
There appears to be good potential to substantially increase the resource by drilling extensions to the existing resource and by testing other magnetite bearing zones in the vicinity of the deposit.
The resource was estimated in a standard block model using Ordinary Kriging interpolation.
The interpolation was constrained by resource outlines based on mineralisation envelopes
prepared using a nominal 30% Fe cut-
During the period under review, a series of metallurgical tests on material from Ruoutevare have been conducted by MINPRO at its research laboratory at Stråssa, Central Sweden. Latest results from tests conducted on milled ore material to optimise a reduction technique process have shown that a final sponge iron powder containing up to 95% iron (Fe) with 1.5% titanium (Ti) is obtainable. The initial grades of Fe 52.1% and TiO2 11.4% from the milled ore material studied, compared very favourably with a 1970s study by the SGU showing grades of Fe 53% and TiO2 12.3%. Bench tests have also been successful in producing a magnetite pellet feed product containing 67.8% Fe of high commercial quality with low levels of contaminating metals. MINPRO has indicated that the ongoing test programme to apply the reduction/segregation process should further improve the quality of the sponge iron powder obtainable from the Ruoutevare deposit.
In addition to the metallurgical test programme, in July 2009 the Company commissioned
RMG of Sweden to update its 2006 scoping study on Ruoutevare, using the Company’s
most recent geological and technical data, with the objective of further defining
the commerciality of the project. The updated independent conceptual study was completed
in February 2010 and showed that Ruoutevare contains a significant resource of iron
ore close to the surface and is very amenable to open-
The complete RMG report is found here >
A brief presentation is shown here >
The Kallak iron ore deposit is located about 40km west of the Jokkmokk municipality centre in the Norrbotten County in Northern Sweden. The licence covers an area of 500 hectares of forested, low hilly ground close to the main paved road between Kvikkjokk (Ruoutevare) and Jokkmokk. A high standard forest road passes across the deposit and a major hydroelectric powerstation with associated electric powerlines is located only a few kilometres away.
The Kallak iron ore was discovered by the SGU in 1947-
The iron ores are outcropping and consist of relatively massive magnetite and minor
hematite, interlayered with quartz, feldspar and some hornblende. The dominant host
rock is a grey volcanite. The ores occur in a north-
The iron ores are more than 300 metres wide and confirmed extension for the northern deposit is more than one kilometre.
Geophysical calculations by the SGU have estimated a tonnage for the northern deposit
of 92 million tonnes and 29 million tonnes for the southern deposit. The ores have
average grades varying between 35-
Results from qualitative metallurgical testing on Kallak ore material commissioned from MINPRO during the reporting period are anticipated to be available in April.
In addition, a conceptual study on Kallak commissioned from RMG has recently been received and the report is available here >
In April 2010 Beowulf will started it's own diamond drilling campaign in Kallak.
Some 3,760 metres of drilling in over 32 holes was completed and is now being analysed.
We have completed some initial Davis Tube tests on Kallak North and the results are shown here >
Further tests will take place
A brief presentation is shown here >
In September 2010 Beowulf acquired the company Iron of Sweden which became a 100% subsidiary.
Iron of Sweden has a number of Licences the key ones for Beowulf are Parkijaure 1 and 2 which are just south of our existing property Kallak North.
From now on the Parkijaure Licences will be known as Kallak South
With the acquisition of the Iron of Sweden Licences we have considerably extended the area that was covered in the Raw Materials Group study.
Kallak North and South ground magnetic map here >
Kallak North and South map here >
There is considerable potential in this area as seen in the following cross section here >
Extract from an independent report with comments on Kallak South here >
|Pre 2009 Vault|