Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Beowulf Mining PLC said on Thursday that test work has confirmed a high-grade product at Kallak iron ore project in Sweden.
The Nordic-focused mineral resource developer said that its metallurgical test-work programme for the Kallak asset has demonstrated the ability to produce an exceptionally high-grade, low impurity iron ore concentrate grading over 68% iron content and containing less than 3.7% silica and less than 0.23% alumina.
This supports the prior assumption that Kallak can product a concentrate suitable for the green steel sector.
The test work was completed in preparation for the Kallak pre-feasibility study that will build on previous programmes.
Chief Executive Officer Ed Bowie said: ‘The metallurgical test work has confirmed that Kallak can produce an exceptionally high grade, low impurity concentrate. Furthermore, this concentrate can be upgraded to a grade of over 70% iron with low levels of silica, a product that would be well suited for use as feedstock for modern, lower-carbon emitting steel-making practices including the direct reduced iron-electric arc furnace route. The indicative flow-sheet also has a number of significant advantages: utilising conventional technology and only physical separation with no flotation; and producing a single product.
‘The results of this test work have now been passed to our process engineers who will design the full industrial flow-sheet with appropriate equipment sizing.’
Shares in Beowulf Mining rose 8.1% to 25.94 pence each in London on Thursday afternoon.
Copyright 2024 Alliance News Ltd. All Rights Reserved.