Award Eva k no. 1 Exploitation Concession Confirmed by the Swedish Government
Danderyd 1st October 2018
Copperstone Resources AB (“Copperstone” or “the Company”) is pleased to inform that the Swedish Government today has informed the Company about a decision to reject the objection to award the Company exploitation concession Eva k no. 1.
In November 2017, the Mining Inspector awarded Copperstone the 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 conducted meetings and discussions with the respective parties, and in August, 2018, Copperstone filed the response. The Swedish Government today informed the Company that it has decided to reject the objection, and the Mining Inspector’s decision to award exploitation concession Eva k no. 1 is therefore the final outcome.
The Company will evaluate and develop Eva, Svartliden and Granliden, as being an integral and outer part of the large scale hydrothermal system identified at the Copperstone area. The exploitation concession Eva k no 1. will be valid for 25 years.
“Copperstone is delighted by the Government’s decision. Copperstone has long term intentions in Norrbotten, Northern Sweden, as an increasingly important employer, as a future metal producer, active explorer, and at all times consider our co-existence with the reindeer herding community and the local environment”, comments Chairman Michael Mattsson.
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 12:40 CEST on 1 October 2018.