Cove Resources granted Finnish mining concession

THE BOURSE WHISPERER: Cove Resources (ASX: CVE) has had the Koivu titanium project mining concession in Finland granted by the Finnish government department responsible for mining and exploration tenement compliance (Tukes).

The company is now in a community consulting period, which it said is expected to be completed on 27 May.

“This is a significant milestone that the Cove team has been working towards for future mining at the Koivu titanium project,” Cove Resources said in its ASX announcement.


Location of the Koivu project in Europe. Source: Company announcement


Cove acquired the the Koivu titanium project in July 2012, which it said was in line with the company’s strategy to pursue appropriate merger and acquisition opportunities.

Cove considers the project affords it a path to production and a position as a major supplier of titanium pigment feedstock into European markets.