Iron extraction possibility at Ruoutevare

Beowulf Mining Plc has confirmed that it was possible to fully extract iron, titanium and vanadium from the ores of Ruoutevare iron deposit in Northern Sweden. The AIM listed company, which is working on five projects in Northern Sweden, said that the results would provide the basis for a preliminary economic evaluation study of the project after which pilot plant studies can be planned. Beowulf, which owns 100% of the Ruoutevare iron deposit, said that the titanium magnetite ore from the deposit produced final product of high grade sponge iron powder containing 97% iron and less than 0.5% titanium and 0.02% vanadium.
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