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.
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.