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Company Information for Beowulf Mining Plc

Company stock charts - 12 Month chart

Exchange AIM; BEM


View full financial data

Company Statement

Beowulf Mining PLC ('Beowulf') is focused primarily on the exploration and development of mineral deposits in Sweden.


Beowulf is working on six projects in Northern Sweden which it considers have commercial potential. The areas are:-

 - Ruoutevare Iron Titanium Project
 - Grundtrask Gold Project
 - Kallak Iron Ore Claim
 - Ballek Copper Gold Project
 - Jokkmokk Copper Gold Project
 - Ussalahti Copper Project


Current Operations

Beowulf is working on six projects in Northern Sweden which it considers have commercial potential. The areas are:-

Ruoutevare Iron Titanium Project
Drilling in the 1970's by the Swedish Geological Surrey study estimated 116 million tonnes, with an average of 38.2% iron and 5.6% titanium. A richer section of 20 million tonnes is registered with a grade of 47% iron and 11% titanium oxide. Beowulf is conducting pre-feasibility studies on the deposit, to see if the deposit can be brought into production. The Swedish Raw Materials Group has concluded that the deposit could be developed on the basis of a 10 million tons per year operation over an eight year period. Further studies on metallurgy, transport costs, environmental studies, and additional reserves are on going.

Grundtrask Gold Project
Grundtrask is located near the town of Mala in the Skelleftea mining district and comprises three licences for 43km square. A gold-bearing structure over a strike length of 750m and up to 27m wide has been established through diamond drilling to date and it is open at both ends and at depth. The gold is associated with chalcopyrite and arsenopyrite in quartz veins and stockworks in altered pre-Cambrian basic volcanic rocks. The structure at the focus of the current drilling is only one of five structures located by I.P. and basal till geochemistry.

Kallak Iron Ore Claim
The company has registered an exploration claim of 500 hectares covering the Kallak iron deposit. The Kallak Iron deposit was discovered by the Geological Survey of Sweden in 1947-48. Only scattered drilling has been carried out and no mining activity has been registered. Calculations based on geophysical data have revealed a mineralization of 92 millions tonnes with 35-42 % iron.
Ballek Copper Gold Project
The Company has three licences that cover 11 copper prospects, including the Lulepotten copper-gold deposit which was drilled by the Geological Survey of Sweden (SGU) between 1960 and 1971 and found to contain 5.1 million tonnes of 0.73% copper and 0.25 grams per tonne of gold. The prospects are associated with a large gravity anomaly.

Jokkmokk Copper Gold Project
The Company has four licences over copper-gold projects, which were drilled in 2004 with positive results, and again in 2005 with somewhat disappointing results.

Ussalahti Copper Project
The Company has three licence exploration permits prospective for massive sulphide copper and gold deposits.


Geographical Spread

North Sweden. An area where there is no mineral royalty and a low corporation tax. Large under explored mineral potential. Excellent infrastructure. Political and economic stability. Long history of mining.


Board of Directors and Key Management

Dr. Robert Young Chairman
Dr. Jan Ola-LarssonTechnical Director
Mr. Edward TaylorCompany Secretary
Mr Anthony Scutt Non Executive Director

Company Address

1, Green Hill
Little Thetford
Ely, Cambridgeshire, United Kingdom CB6 3HD

Telephone:+44 (0) 1353 649 701
Email:Bob.young[at]beowulfmining.com
Website:http://www.beowulfmining.com

Additional Address/Key Contact

Swedish Office

Jan-Ola Larsson
Beowulf Mining plc
Silvergransvagen 32
SE 141 45 Huddinger
Sweden
Tel: +46 8 746 8390
Fax: +46 8 449 8559

Annual General Meeting

April

Year End

31st December

Nominated Brokers

King & Shaxson
6th Floor
Candlewick House
120 Cannon Street
London
EC4N 6AS

Nominated Advisors

Ruegg & Co. Limited.
39 Cheval Place
Knightsbridge
London SW7 1EW

Broker/Analyst Reports

04/12/07 - Valiant Financial Research
07/11/06 - City Capital Corporation Limited

Major Shareholders

Fully diluted share capital

Credit Suisse Client Nominees (UK) Limited 8,750,000 shares (13.18%)
Mrs Carole Christine Rowan 6,089,485 shares (9.17%)
Starvest plc 2,000,000 shares (3.01%)
Sunvest Corporation Limited 10,000,000 shares (15.06%)
Mrs Judith Mary Young 2,294,742 shares (3.46%)
Dr Robert Douglas Young 4,294,743 shares (6.47%)

Related News

18/02/08 - Beowulf Mining Starts Drilling at Ballek
19/06/07 - Beowulf Mining Seeking To Joint Venture Non-Core Projects

Most Recent Statement

12/06/08 - Ballek Joint Venture Update
05/06/08 - Appointment of Director And Issue Of Options
05/06/08 - 2007 Accounts Available To Download
04/06/08 - BEOWULF ANNOUNCES THE TERMS OF A FARM IN AGREEMENT ON THE RUOUTEVARE IRON ORE PROJECT, NORTHERN SWEDEN
02/06/08 - RESULTS FOR THE YEAR ENDED 31 DECEMBER 2007
02/06/08 - Beowulf Mining Special Report

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