Production Update
Average recovery from the sorting plant in the Dannemora mine has increased by at least 3 percentage points and is currently at a stable level of around 40 percent.
Following investments in the sorting plant at the beginning of June, the average weekly recovery has reached, respectively, 39, 45, 44, 38 and 41 percent. These results indicate that the investment has had the intended effect, and that it has resulted in increased recovery of at least 3 percent and increased production capacity of approximately 5 percent.
The results also indicate that the analysis of the sorting plant process is a relevant issue, which is a useful starting point for planning the next stage of investments. The commissioning of, and adjustments to, the process are progressing well and may yield further improvements in recovery.
The installation of the two new separator stages and the installation of an ore bin in front of a crusher for optimised crushing resulted in a short stop in production at the beginning of June.
For further information, please contact:
Ralf Nordén, President and CEO
Telephone 46 709374891
ralf.norden@dannemoramineral.se
Dannemora Mineral AB is a mining and exploration company of which the primary activity is mining operations in the Dannemora iron ore mine. The Company also engages in exploration activities to increase the iron ore base locally and regionally in several areas in Uppland where the potential for finding mineable deposits is considered good.
Dannemora Mineral comprises the Parent Company Dannemora Mineral AB and the wholly owned subsidiaries Dannemora Magnetit AB (responsible for operation of the Dannemora mine and the Group’s exploration activities) and Dannemora Förvaltnings AB (responsible for the property portfolio) and Dannemora Iron Ore Development AB, where parts of the company’s future exploration will be operated.
The Company’s most important asset is the iron deposit in the Dannemora Mine, and activity is focused mainly on the mining of this deposit at present.
The Company is listed on NASDAQ OMX First North, Stockholm, and Oslo Axess. The Company's Certified Adviser on First North is Remium AB.
The Company's independent qualified person is mining engineer Thomas Lindholm, Geovista AB, Luleå. Lindholm is qualified as a Competent Person as defined in the JORC Code based on education and experience in exploration, mining and estimation of mineral resources of iron, base and precious metals.
