Final Results

RNS Number : 0507T
Beowulf Mining PLC
29 May 2009
 



29 May 2009


Beowulf Mining Plc

('Beowulf' or the 'Company')


Final Results for Year Ended 31 December 2008


Beowulf (AIM: BEM, Aktietorget: BEO), an established mineral exploration company which runs several exploration projects in Northern Sweden, announces its audited final results for the year ended 31 December 2008.


Highlights


Ruoutevare deposit:


  • Maiden 140 million tonnes magnetite inferred JORC resource.

  • Beowulf retains 100% of the project enhanced by JORC classification for no cost.


Lulepotten deposit/Ballek JV:


  • JORC-compliant inferred resource of 5.4 million tonnes at 0.8% copper and 0.3 grammes per tonne of gold.

  • Option and earn-in agreement with Agricola Resources PLC extended.


Corporate:


  • Over £350k in cash at year end with very low burn rate.

  • Clive Sinclair-Poulton appointed Executive Chairman.

  • Beowulf shares commenced trading on the Swedish AktieTorget exchange.

  • Beowulf now concentrating on commercialisation of its projects as well as exploration and development.


Events subsequent to the results period:


  • Dr Robert Young steps down from the board and assumes a consultancy role.

  • Strand Partners Limited appointed as Nominated Adviser.

  • Metallurgy study confirms full extraction of iron, titanium and vanadium is possible at the Ruoutevare deposit.  The study also shows  final high grade product containing 97% iron and less than 0.5% titanium.


Clive Sinclair-Poulton, Executive Chairman of the Company commented: 

'We have assets, both in the ground and in the bank, to push forward the value of the Company in a market where iron ore and copper are in demand'.


For further information, please contact


Beowulf Mining Plc


Clive Sinclair-Poulton, Chairman

Tel: +353 (0)85 739 2674



Strand Partners Limited


Simon Raggett / Matthew Chandler

Tel: +44 (0)20 7409 3494



Alexander David Securities Limited


David Scott / Nick Bealer

Tel: +44 (0)20 7448 9820



Lothbury Financial Limited


Gary Middleton / Ron Marshman

Tel: +44 (0)20 7011 9411



or visit http://www.beowulfmining.com 



Chairman's Statement


The Board of Beowulf Mining Plc ('Beowulf' or the 'Company') is pleased to present the report and accounts for the year ended 31 December 2008. Beowulf has five projects in Northern Sweden prospecting for copper, gold, uranium and iron. The results show that Beowulf made a loss of £398,664 in 2008 (2007: £362,638).


A key development during the year under review was securing JORC classifications for two of the Company's projects:


  • On 19 August 2008, the Company announced the completion of a maiden Inferred Mineral Resource estimate compliant with the JORC Code for its Ruoutevare Magnetite Project in Norrbotten County, Northern Sweden; and    


  • On 16 September 2008, the Company reported a maiden Inferred Resource estimate under the JORC code for its Lulepotten copper-gold deposit on the Ballek Joint Venture project, located in the Norrbotten region of Northern Sweden.    


On 31 March 2008, Beowulf announced that it had signed a connection agreement with AktieTorget AB (www.aktietorget.se) which offers a facility for the Company's shares to be traded in Sweden as Depositary Notes. Under this arrangement, Beowulf's ordinary shares are deposited with Skandinaviska Enavilda Banken AB, via a London Bank, against the issue of depository notes which are then traded on the Swedish AktieTorget Market. The facility provides Swedish investors the opportunity to be part owners of Beowulf; a company operating in Sweden and developing Swedish natural resources, as well as adding liquidity and demand.


A number of Board changes were effected throughout the reporting period. On 5 June 2008, I was appointed as a director. I have been involved in natural resources for fifteen years, most recently as a founding member of Tanzania Gold Limited which in September 2006 was the subject of a reverse takeover by Bezant Resources plc, an AIM listed gold and copper exploration and development company operating in the Philippines and Tanzania. I served as Chief Executive Officer of Bezant Resources plc from the time of the reverse transaction until stepping down in February 2008.


On 6 November 2008, I assumed the role of Executive Chairman and Dr Robert Young, formerly Chairman and Chief Executive Officer, relinquished his role as Chairman whilst continuing to serve as Chief Executive.


On 5 March 2009, Dr Robert Young stepped down from the Board, but remains a consultant to the Company on geological matters. His contribution to the Company has been substantial and all his efforts are much appreciated by the Board.


Most recently, in April 2009, the Board was pleased to announce the appointment of Strand Partners Limited as the Company's Nominated Adviser. The Board would like to thank its former advisers, Ruegg & Co, for all their assistance in the past and look forward to working with Strand Partners Limited.


The year under review has witnessed unprecedented turmoil in global financial markets especially in the final quarter with confidence ebbing away, as economies moved into recession, and share and commodity prices collapsing in the face of falling demand. Governments around the world have been forced into drastic actions and co-operation in a move to restore financial and economic stability.

 

On a more positive note for commodities, a number of market commentators have cited China's plans for stimulating its domestic economy and its earthquake damaged reconstruction work, as potentially being a key driver for renewed future growth in the demand for copper and iron ore.


An additional positive development is the recent Swedish and German Governments' announcements indicating a renewed willingness to consider further nuclear power generation. Beowulf, with its potential uranium assets is well placed to benefit from any such developments in the longer term.


It seems likely that commodity prices will fluctuate in the foreseeable future, but your Board remains confident that the Company's portfolio of assets offers sound commercial prospects and will accordingly endeavour to promote these within the markets and investor community at large.


In the current challenging market conditions, your Board especially appreciates the valuable support and understanding that it continues to receive for its efforts from employees and shareholders and looks forward to announcing further progress and developments from the Company's projects throughout 2009.


Review of operations


Sweden


Beowulf currently holds 12 exploration permits in Northern Sweden as set out below:


Licence

Size (sq. km.)

Valid from

Valid until

Arjeplog Region:




Ballek 2

38.0

2005-04-21

2009-04-21

Ballek 3 

37.9

2005-05-24

2009-05-24

Ballek 4

22.0

2005-09-29

2009-09-29

Ballek 5 

12.0

2007-03-27

2010-03-27





Jokkmokk Region:




Majves 1

5.0

2003-04-03

2009-04-03

Majves 2

2.5

2003-06-06

2009-06-06

Majves 3

7.3

2009-01-21

2012-01-21





Kallak 1

5.0

2006-06-28

2009-06-28





Ruoutevare

8.5

2006-03-21

2009-03-21





Skellefte Mining District:




Grundträsk 2 

15.9

2004-02-13

2009-02-13

Grundträsk 3

6.4

2004-02-13

2009-02-13

Grundträsk 4 

20.6

2008-11-12

2011-11-12





Total:

181.1




The exploration permits are governed by the Swedish Minerals Act (1991:45), which was subject to amendments in 1993 and 1998. The Act accords that an exploration permit is granted for an initial period of 3 years, and can be subsequently renewed for a further 3 years. A final extension of the permits can be granted for an additional 3 years, after which an application for a mining licence must be made. Further information on the permits can be obtained from the Mining Inspector in Luleå (Bergsstaten, Varvsgatan, SE 972 32, LuleäSweden) (www.bergsstaten.se).


Ruoutevare


On 19 August 2008, Beowulf announced the completion of a maiden Inferred Mineral Resource estimate compliant with the JORC Code reporting standards for its Ruoutevare Magnetite Project in Norrbotten CountyNorthern Sweden.


The Ruoutevare Magnetite Project consists of one Exploration Permit covering a total area of 850 hectares located approximately 1,100km north of Stockholm, in Norrbotten County, 13km north west of the small village of Kvikkjokk. The 2.3 billion tonne Kiruna iron ore mine, the world's second largest underground mine, is located approximately 150km northeast and the Malmberget iron ore mine is located 120km to the east.


LKAB own and operate both the Kiruna and Malmberget iron ore mines as well as the Luleå-Malmberget-Kiruna-Narvik railway route used to transport iron concentrates and pellets. LKAB also own storage and ship loading facilities at the Luleå port (Baltic Sea) and the Narvik Port (Norwegian Sea) in Norway.


The Ruoutevare Magnetite Project is approximately 180km by road from the nearest potential road-rail loading site, on the Luleå-Malmberget-Kiruna-Narvik railway route. Power accessibility and relative cost are excellent in Sweden, with the Seitevare hydroelectric plant located 75km by road from the project.


Completed by independent geological consultants Runge Limited, the Inferred Mineral Resource estimate of 140 million tonnes (Mt) grading 39.1% iron (Fe), 5.7% titanium (Ti) and 0.2% vanadium (V) (cut-off grade of 30% Fe) exceeds the initial estimate of between 116-123Mt of mineralisation.


The Ruoutevare Resource estimate is based principally on 32 diamond core drill holes totalling 6,223m, drilled by the Geological Survey of Sweden (SGU) in the early 1970s. SGU estimated 116Mt at 38.2% Fe, 5.6% Ti and 0.17% V. Detailed ground magnetic and metallurgical test work was made available to Runge Limited, together with geological mapping of the deposit completed in 2006. A comprehensive review of the drill data and geophysical information, together with the findings of the 2006 geological mapping report by Beowulf indicate that mineralisation extends beyond the area drilled by SGU.


Detailed metallurgical test work of the Ruoutevare deposit was first carried out by the Swedish government-owned iron ore mining company LKAB with subsequent work by Finnish steel company Rautaruukki.


The Ruoutevare magnetite deposit is an out-cropping, flat-lying to gently dipping magnetite rich layer about 150m thick within an anorthositic gabbro. The magnetite ranges from massive to disseminated and is associated with ilmenite.


The magnetite mineralisation consists of four lenticular pods of mineralisation that are interpreted to be the result of magmatic layering within the intrusive complex. The most significant mineralised body is approximately 1,500m long and 200m to 300m wide.


There appears to be good potential to substantially increase the resource by drilling extensions to the existing resource and by testing other magnetite bearing zones in the vicinity of the deposit.


The resource was estimated in a standard block model using Ordinary Kriging interpolation. The interpolation was constrained by resource outlines based on mineralisation envelopes prepared using a nominal 30% Fe cut-off grade.


Sweden is by far the largest iron ore (mostly magnetite) producer in the EU, and is also among the leading producers of base and precious metals. Sweden provides modern, efficient and well-established infrastructure via roads, rail and water. Swedish iron ore is significantly cheaper for European consumers due to lower shipping costs compared to southern hemisphere iron ore imports.


In addition to its well developed infrastructure, Sweden benefits from a highly skilled mining and exploration workforce, extremely low sovereign risk and a very strong mining culture, built up over many decades. Importantly for magnetite processing, power accessibility in Northern Sweden is excellent and power costs are generally the lowest in Europe.


In recent times, considerable exploration activity has been carried out by both large and small local and foreign exploration companies. Iron ore exploration and development activity in particular, have increased, with at least two former iron ore mines (Grängesberg Mine and Dannemora Mine) planning on re-opening in the near future. Additionally, numerous companies have well advanced iron ore development projects, most notably the Stora Sahaavara project south east of Kiruna.


The Ruoutevare Magnetite Project was subject to a Joint Venture with Wag Limited during part of 2008, but Wag Limited regrettably withdrew in October 2008 in light of the global economic downturn, before completion of its farm-in commitments. As a consequence, Beowulf now retains 100% ownership of the project, which has been enhanced by its JORC classification, achieved at no extra cost to the Company.  


Recent metallurgy testing on Ruoutevare confirmed that it is possible to produce a final product of high grade sponge iron powder containing 97% iron (Fe) and less than 0.5% titanium (TiO2) and 0.02% vanadium (V) .


Kallak


The Kallak iron ore deposit is located about 40km west of the Jokkmokk municipality centre in the Norrbotten County in Northern Sweden. The licence area covers an area of 500 hectares of forested, low hilly ground close to the main paved road between Kvikkjokk (Ruoutevare) and Jokkmokk. A high standard forest road passes across the deposit and a major hydroelectric powerstation with associated electric powerlines is located only a few kilometres away.


The Kallak iron ore was discovered by the SGU in 1947-48. Between 1968 and 1970, detailed ground geophysical surveys were carried out in the entire area of interest including closely grid spaced magnetic, gravimetric and electromagnetic measurements. Diamond drilling of seven holes was also carried out. It was found that two iron ore deposits were present, separated by only some several hundred metres in distance. Being in the same geological structure, they may well be connected at depth.


The iron ores are outcropping and consist of relatively massive magnetite and minor hematite, interlayered with quartz, feldspar and some hornblende. The dominant host rock is a grey volcanite. The ores occur in a north-south oriented syncline of sediments and felsic volcanic rocks of early Proterozoic age within granitic gneisses.


The iron ores are more than 100 metres wide and confirmed extension for the northern deposit is more than one kilometre.


Geophysical calculations by the SGU have estimated a tonnage for the northern deposit of 92 million tonnes and 29 million tonnes for the southern deposit. The ores have average grades varying between 35-42% of iron and have only low background values of TiO2 (< 0.1%), phosphorous (0.04%) and sulphur (<0.6%).


Beowulf has compiled and reviewed the technical information relating to these deposits.


The Kallak Project was subject to a Joint Venture with Wag Limited during part of 2008, but Wag Limited regrettably also withdrew from this project in October 2008, such that Beowulf currently retains 100% ownership of the project.

 

Ballek


On 16 September 2008, Beowulf reported a maiden Inferred Resource estimate that was completed to a JORC code reporting standard for the Lulepotten copper-gold deposit on the Ballek Joint Venture project, located in the Norrbotten region of Northern Sweden.


This represented the first stage review of known copper resources in the Ballek area following the diamond drilling programme completed by Agricola Resources PLC earlier in 2008, which also intersected copper sulphide mineralisation.


The estimate for the Lulepotten deposit outlined a total Inferred Resource of 5.4 million tonnes, grading 0.8% Cu and 0.3g/t Au, representing a total of 43,000 tonnes of contained copper metal and 52,000 ounces of contained gold using a cut-off value of 0.3% for copper.

  


Inferred Resource

Contained Metal

Grade

Deposit

Tonnes (Mt)

Cu (%)

Au (g/t)

Copper(t)

Gold (oz)

Lulepotten

5.4

0.8

0.3

43,000

52,000


Diamond drilling by the SGU in the 1960s and 1970s identified fracture-hosted copper-gold sulphide mineralisation at the Lulepotten deposit. Re-evaluation of this drilling data by Agricola Resources PLC suggests that the drilling has intersected locally significant thicknesses and grades of copper-gold mineralisation that may have sufficient continuity to be amenable to economic extraction through a bulk mining method.


The Lulepotten resource has been estimated on the basis of historical diamond drilling information and assay results recovered from the SGU archives in MalåSweden. This data has been verified by field checking of drill hole collar locations, visual inspection of the drill core and a full review of geological logging, sampling and assaying procedures. Confidence in the available data is sufficient to establish the geological and grade continuity appropriate for an Inferred Resource classification for the deposit.


The resource model for the Lulepotten deposit was defined by a total of 49 diamond drill holes, drilled perpendicular to strike and completed on a nominal 50 metre by 50 metre grid. The model comprises a series of sub-parallel, tabular bodies that show continuity over approximately 600 metres of strike length and down dip to the limit of drill testing. The resource estimate has been constrained to model wireframe volumes defined by the available geological and geochemical data.


An average specific gravity (SG) value of 2.7 has been used for the resource estimate, in the absence of any representative density measurements for the deposit. This value has been chosen on the basis of average accepted values for the rock types observed in the diamond drill core.


The Lulepotten copper-gold mineralisation is localised along the contact between a granitoid and a package of intercalated mafic to felsic volcanic rocks and sedimentary units which have all been metamorphosed and strongly foliated. The mineralisation occurs in a series of sub-parallel structures that follow the local fabric, which strikes southwest-northeast and dips steeply to the northwest. Sulphide mineralisation within the deposit comprises irregular veinlets and disseminations of chalcopyrite plus bornite, with lesser pyrite. Mineralisation is mainly developed within the metavolcanic and metasedimentary sequence but also locally occurs within the adjacent granite.


During the period from 1960 to 1978, 104 diamond drill holes were completed over the deposit area with approximately 22,265 metres of drilling on a nominal 50 metre by 50 metre grid spacing. These drill holes, core from which is currently stored at the SGU core archive, effectively tested the mineralised structure to a depth of about 250-300 metres below the surface, and over a strike length of about 1,500 metres. Only a single hole has tested the structure at depth (600 metres below surface) and results indicate that the mineralisation extends down-dip.

 

The mineralisation is open along strike and at depth and the prospective strike length of the mineralised structure is approximately 5,000 metres. Geological and geophysical targets with similar characteristics to the known mineralisation have been identified to both the north and southwest of the deposit, along the same geological structure that hosts the mineralisation.


Further diamond drilling on the deposit is planned.


The Ballek Project is subject to a Joint Venture with Agricola Resources PLC the details of which are outlined on Beowulf's website (www.beowulfmining.com).


Grundträsk


The Grundträsk Project is focused solely on gold. It covers 45 square kilometres in the Skellefte Mining District of Northern Sweden. There is little outcrop and the land is currently used for forestry. There is good infrastructure in place, with the area being served by a network of forest roads, including the main road from Skellefte to Malä, which passes through the licence area. There are no problems with water and electricity with both being available locally. Grundträsk has the potential for a shallow depth gold resource, with gold bearing sulphide mineralisation starting at shallow depths of less than 12 metres, ensuring that any deposit will likely be amenable to open pit mining.


The results to date indicate the presence of sigmoidal gold bearing structures in the mineralised corridor over a strike length of 800 metres. Drilling has returned gold grades of up to 5.2 metres at 4.28 grams per tonne, 4.62 metres at 2.8 grams per tonne, 5.7 metres at 2.53 grams per tonne and 16.9 metres at 1.86 grams per tonne.


The results to date justify further work by Beowulf alone or by way of a joint venture with another company.


Jokkmokk


The target of the Jokkmokk area is an iron oxide copper gold deposit (IOCG). Beowulf has been exploring the area since 2003 and still retains the Majves 1, 2 and 3 claims.


The area was previously the subject of a joint venture with the copper major, Phelps Dodge. Drilling in 2004 intersected 110 metres of 0.42% copper and 0.52 grammes per tonne of gold. Follow up drilling in 2005 was less successful and Phelps Dodge withdrew from the Joint Venture.


The exploration logic is that the area is associated with large north-east south-west fracture zones, and similar structures are associated with the Boliden's Aitik copper mine.


Beowulf has had discussions with a major copper producer about a joint venture on its Jokkmokk properties, but to date no joint venture has been completed.


Dividends


No dividends will be distributed for the year ended 31 December 2008. 


Clive Sinclair-Poulton

Executive Chairman

29 May 2009

  

Income statement 

For the year ended 31 December 2008 


2008

2007


£

£

CONTINUING OPERATIONS



Revenue

-

-

Other operating income

-

150

Administrative expenses

(407,180)

(378,775)

OPERATING LOSS

(407,180)

(378,625)

Finance costs

(10,192)

(4,167)

Finance income

18,708

20,154

LOSS BEFORE TAX

(398,664)

(362,638)

Tax

-

-

LOSS FOR THE YEAR

(398,664)

(362,638)

Earnings per share expressed in pence 

per share:



Basic

-0.50

-0.52

Diluted

-0.47

-0.42


  

Statement of recognised income and expense

For the year ended 31 December 2008 


2008

2007


£

£

Revaluation of investments

(221,385)

68,319

NET (EXPENSE)/INCOME RECOGNISED DIRECTLY IN EQUITY

(221,385)

68,319

LOSS FOR THE FINANCIAL YEAR

(398,664)

(362,638)

TOTAL RECOGNISED INCOME AND EXPENSE FOR THE YEAR

(620,049)

(294,319)


  

Balance sheet

For the year ended 31 December 2008 


2008

£

2007

£

ASSETS



NON-CURRENT ASSETS



Intangible assets

230,904

240,943

Property, plant and equipment

1,439

1,920

Investments

74,339

295,724


306,682

538.587

CURRENT ASSETS



Trade and other receivables

33,954

34,426

Cash and cash equivalents

354,291

671,231


388,245

705,657

LIABILITIES



CURRENT LIABILITIES



Trade and other payables

22,291

20,410

NET CURRENT ASSETS

365,954

685,247

NON-CURRENT LIABILITIES



Financial liabilities - borrowings



Interest bearing loans and borrowings

250,000

250,000

NET ASSETS

422,636

973,834

SHAREHOLDERS' EQUITY



Called up share capital

808,982

745,482

Share premium

2,597,191

2,597,719

Revaluation reserve

(30,661)

190,724

Capital contribution reserve

46,451

46,451

Share scheme reserve

5,879

-

Retained earnings

(3,005,206)

(2,606,542)

TOTAL EQUITY

422,636

973,834


  

Cash flow statement

For the year ended 31 December 2008 


Notes

2008

£

2007

£

Cash flows from operating activities




Cash generated from operations

6

(324,270)

(318,319)

Interest paid


(10,192)

-

Net cash from operating activities


(334,462)

(318,319)

Cash flows from investing activities




Purchase of intangible fixed assets


(64,686)

(93,534)

Purchase of tangible fixed assets


-

(460)

Interest received


18,708

20,154

Net cash from investing activities


(45,978)

(73,840)

Cash flows from financing activities




New loans in year


-

250,000

Share issue


63,500

341,500

Cost of shares issued


-

(23,763)

Net cash from financing activities


63,500

567,737

(Decrease)/Increase in cash and cash equivalents


(316,940)

175,578

Cash and cash equivalents at

beginning of year


671,231

495,653

Cash and cash equivalents at end of year


354,291

671,231



NOTES TO FINANCIAL INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2008


  • Basis of preparation


The audited financial information set out above does not constitute the Company's full financial statements for the year ended 31 December 2008 or 2007, but is derived from those financial statements, approved by the board of directors. The Auditors' Report on the 2008 accounts was unqualified, and did not contain a statement under section 237(2) or (3) of the Companies Act 1985. The full audited financial statements for the year ended 31 December 2008 will be delivered to the Registrar of Companies and filed at Companies House following the Company's forthcoming annual general meeting.


2.    Loss per share


The basic and diluted loss per share have been calculated using the loss for the 12 months ended 31 December 2008 of £398,664 (2007: £362,638). The basic loss per share was calculated using a weighted average number of shares in issue of 79,197,974 (2007: 69,466,329).


The diluted loss per share has been calculated using an additional weighted average number of shares in issue and to be issued of 84,822,838 (2007: 86,173,497).

  

3.    Called up share capital



2008

£

2007

£

Authorised



200,000,000 Ordinary shares of 1p each

2,000,000

2,000,000

Allotted, issued and fully paid



80,898,247 (2007: 74,548,247) Ordinary shares of 1p each

808,982

745,482


6,350,000 Ordinary shares of 1p each were allotted as fully paid at par during the year.


The number of shares in issue are as follows:


2008

No.

2007

No.

At 1 January 2008

74,548,247

66,398,247

Issued during the year

6,630,000

8,150,000

At 31 December 2008

80,898,247

74,548,247



4.    Reserves



Retained

earnings

£

Share

premium

£

Revaluation reserve

£

At 1 January 2008

(2,606,542)

2,597,719

190,724

Deficit for the year

(398,664)

-

-

Revaluation in year

-

-

(221,385)

Equity-settled share-based 

payment transaction

-

(528)

-

At 31 December 2008

(3,005,206)

2,597,191

(30,661)



Capital

Contribution

reserve

£

Share

Scheme

reserve

£

Totals

£

At 1 January 2008

46,451

-

228,352

Deficit for the year

-

-

(398,664)

Revaluation in year

-

-

(221,385)

Equity-settled share-based payment transaction

-

5,879

5,351

At 31 December 2008

46,451

5,879

(386,346)


  5.  Reconciliation of movements in shareholder's funds



2008

£

2007

£

Loss for the financial year

(398,664)

(362,638)

Other recognised gains and losses relating to the year (net)

(221,385)

68,319

Proceeds of share issue

63,500

341,500

Cost of share issue

-

(23,763)

Equity-settled share-based transactions

5,351

-

Net (reduction)/addition to shareholders' funds

(551,198)

23,418

Opening shareholders' funds

973,834

950,416

Closing shareholders' funds

422,636

973,834


6.    Reconciliation of loss before tax to cash generated from operations



2008

£

2007

£




Loss before tax

(398,664)

(362,638)

Depreciation charges

75,206

86,125

Equity-settled share-based transactions

5,351

-

Finance costs

10,192

4,167

Finance income

(18,708)

(20,154)


(326,623)

(292,500)

Decrease/(Increase) in trade and other receivables

472

(17,078)

Increase/(Decrease) in trade and other payables

1,881

(8,741)

Cash generated from operations

(324,270)

(318,319)



Copies of the Company's full Annual Report and Financial Statements are expected to be posted to shareholders shortly and, once posted, will also be made available to download from the Company's website at www.beowulfmining.com


The Annual Report and Financial Statements will also be made available for inspection at the Company's registered office during normal business hours on any weekday. Beowulf Mining Plc is registered in England and Wales with registered number 02330496. The registered office is at Richmond House, Broad Street, Ely, Cambridgeshire CB7 4AH.



This information is provided by RNS
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