Danderyd 17TH August 2018
Today, Copperstone Resources AB (“Copperstone”) to the Swedish Government has filed follow-up information regarding an objection to award exploitation concession Eva k no. 1. In Copperstone’s view, the Mining Inspector’s decision to award the exploitation concession is expected to be the most likely and final outcome.
10 November 2017, the Mining Inspector awarded Copperstone an exploitation concession, Eva k no. 1 (34ha) in Arvidsjaur municipality, Sweden. The decision was objected in due time and in May 2018, Copperstone received a request for supplementary information from the Swedish Government. Copperstone has since conducted meetings and discussions with the respective parties.
In our view, the meetings and discussions (primarily relating to roads, minerals, water and dust) have been productive, informative and encouraging, touching upon already at this stage also indirectly affected interests of a future mine site in the Copperstone area. As a result, and in line with the long term vision, Copperstone will introduce and include also areas such as Högheden, Stöverberget (and others) to information meetings currently sporadically conducted with inhabitants in e g Södra Sandträsk, Glommersträsk.
In Copperstone’s view, the Mining Inspector’s decision to award the Eva exploitation concession is expected to be the most likely and final outcome.
This information is information that Copperstone Resources AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the above contact person’s agency, at 08:30 CEST on 17 August 2018.
Copperstone is a public company trading as COPP B on NASDAQ First North (Stockholm). The Certified Adviser is Augment Partners AB. The Company is focused on base and precious metal exploration in the vicinity of the internationally recognized mining region of the Skellefte-field in northern Sweden. The Copperstone project is situated on four contiguous exploration permits in Norrbotten County (Sandberget 100 (8074ha), Sandberget 200 (19ha), Sandberget 300 (19ha) and Svartliden 1001 (444ha). In addition the Company owns one exploitation concession within the same area, namely Svartliden K no. 1 (36ha) and an approved application for Eva k no. 1 (34ha) subject to an objection. The Company also owns the Tvistbogruvan K no. 1 (11ha) exploitation concession and the Såggården no. 1 (199ha) exploration permit in the Bergslagen mining region of central Sweden. Quoted surface areas are approximate to the nearest hectare. All exploration permits and exploitation concessions are 100% owned, either directly or through a subsidiary.