The Ballek Copper/Gold deposit contains 43,000 tonnes of Copper and 52,000 ounces of gold and is owned by Wayland Copper Limited, a joint venture between Energy Ventures Limited (EVE) and Beowulf Mining.
The equity in Wayland is split evenly between the two partners, with Beowulf acting as operator.
Currently five licences make up the Ballek project, which covers an area of roughly 110 km2 in Norrbotten County, Sweden.
[7] In 2010 Beowulf mining entered into a joint venture with EVE following completion of a 1601-metre drill programme.
[8] Simple flotation processing of Lulepotten ore yields a product containing 32.4% Copper with a mass recovery of over 96% [9]