Initial assay results from drilling at the Kallak iron ore deposit will be announced by Beowulf Mining in the third quarter.
There will be a total of 3,500 metres of diamond drilling. This should be completed by July. The full results will be received in August.
Drilling at the Ruoutevare iron ore deposit should commence in the fourth quarter.
At 4.75p a share, Beowulf is valued at £6.93m.
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