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Beowulf has a wide range of exploration projects in a portfolio of different commercially attractive resources.

They are all in Northern Sweden and are being developed to increase their value and so that of the company.

+353 (0)85 739 2674
Richmond House, Broad Street, Ely, Cambridgeshire CB7 4AH.
Super Sector:
General Mining
General Mining
EPIC / Symbols:
*subject to change and depends on individual circumstances.

Beowulf Mining plc RNS Press Releases

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Beowulf Mining plc Articles, News, and Media Files

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Beowulf Mining plc Related Media

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Broker press

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  • 20/11/12
    +0.37 +10.00

    Seymour Pierce initiates coverage with a "buy" rating and 18p price target.

  • 16/01/12

    Press: 16.01.12: -1.87, (10.38) Press: Beowulf Mining fell after announcing it had been forced to suspend its drilling operations at both... read more

  • 11/11/11

    Press: 11.11.11: -6.75, (20.25) Press: Beowulf Mining fell despite a positive update from the Kallak north iron ore deposit. Traders reckoned... read more

  • 12/10/11
    +6.75 +39.50

    Press: Beowulf Mining rose after releasing an updated market study of its Ruoutevare and Kallak iron ore projects. Traders also noted recent... read more

  • 20/04/11
    +1.25 +56.50

    Press: Beowulf Mining rose ahead of a progress report by its Kallak iron ore project in Sweden. The company is expected to say it had begun an... read more

Director dealings

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Date Director Trans Amount Type Price(p) Value (£) Holding %
19/09/14 C. Sinclair-Poulton TAKE 666,667 ORD 3.00 20,000 1,999,167 0.58
10/10/11 E. Taylor BUY 3,800 ORD 28.78 1,094 294,506 0.18
06/10/11 J. Ola-Larsson EX 350,000 OPT 7.00 24,500 650,000 0.39
06/10/11 J. Ola-Larsson EX 250,000 OPT 6.00 15,000 0,000 N/A
06/10/11 C. Sinclair-Poulton SELL 1,517,500 ORD 21.50 326,263 1,332,500 0.80


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Date Type Turnover Profit EPS (p) Dividend (p) Currency
30/06/14 Interim 0.00 -1.32 -0.47 0.00 GBX
31/12/13 Full year 0.00 -2.19 -0.91 0.00 GBX
30/06/13 Interim 0.00 -0.48 -0.23 0.00 GBX
31/12/12 Full year 0.00 -1.05 -0.50 0.00 GBX
30/06/12 Interim 0.00 -0.39 -0.18 0.00 GBX

Company Statement

Why Hordweard?

In Beowulf, the saga, a king is described as being Hordweard, the Anglo-Saxon for a guardian of treasure. This means he looked after the wealth of his kingdom both real and metaphorical

In Beowulf, the company, we also think of ourselves as being Hordweard as we seek to develop natural resource projects in Sweden and so are also guardians of treasure

We have a wide portfolio of resources which range from early-stage projects to those that have had considerable work done on them.

The company is listed on both the AIM market in London and the AktieTorget market in Stockholm.

The role of Beowulf is to increase the quantity and quality of its resource portfolio and so the value of these assets and the company

Beowulf currently holds 18 exploration permits in Northern Sweden

Current Operations

Grundträsk project - Gold

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.


For more information click here


Ballek project - Copper

The Ballek Joint Venture project comprises four exploration permits over a total area of 109.9km2, located in the Norrbotten region of Northern Sweden. In September 2008 Beowulf reported a maiden Inferred Resource estimate, under the JORC code reporting standard, for the Lulepotten copper-gold deposit on the project. This represented the first stage review of known copper resources in the Ballek area following the diamond drilling programme completed by our former joint venture partner, Agricola, 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.


Geddaur project  - Copper/Uranium

The Geddaur licences, acquired from Agricola in September 2009, are located east and south of the city centre of the municipality of Arjeplog in the Norrbotten county of Northern Sweden. The total licence block of 131.5km2, comprising Geddaur No. 1, 2 and 3 licences, joins up with our Ballek licence block.  It has excellent infrastructure and easy field area access via a number of good forest roads. The licence areas have high potential to hold two separate styles of mineralisation, one type being copper-gold deposits and the other high grade uranium deposits.


Majves (Jokkmokk) project - Copper

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 Boliden AB'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.


Riikalahti project - Copper

The Riikalahti 1 licence area covers 1,150 hectares and is targeted on nickel and copper sulphide prospects. It is located about 40km north of the town centre of Kiruna in the Norrbotten County of Northern Sweden. The area is relatively lightly forested. Access by field vehicles and drill rigs is best in the winter months as there are no local forestry roads within the licence area.


The prospect area is occupied by a large, layered mafic-ultramafic intrusive approximately 4 by 3 kilometres in size

and was discovered and surveyed by the Swedish state-owned company LKAB Exploration AB in the 1970-80s. Some geophysical targets were tested by limited diamond drilling comprising 7 holes totalling 968 metres. Mineralised boulders with grades of up to 0.8% of copper and 0.3% of nickel were found in the area. Scout drilling revealed the best grades in a drill hole in gabbroic rock of 0.35% cobalt, 0.18% nickel and 0.21% copper over a narrow sulphide rich section. This hole also contained 0.43 g/t platinum plus palladium over a 1m section. The historic geochemical surveys indicate extremely high contents of nickel and copper present in large areas mainly in the central part of the licence area.  


For more information click here


Ruoutevare project - Iron

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.


The project area 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.


Kallak North project - Iron

The Kallak iron ore deposit is located about 40km west of the Jokkmokk municipality centre in the Norrbotten County in Northern Sweden. The licence 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.


Kallak South project - Iron

In September 2010 Beowulf acquired the company Iron of Sweden which became a 100% subsidiary.


Iron of Sweden has a number of Licences the key ones for Beowulf are Parkijaure 1 and 2 which are just south of our existing property Kallak North.


For more information please click here


Munka project - Molybdenum

The 8 square kilometre Munka deposit, confirmed by historic drilling, extends over 800m in length with parallel mineralised lenses of varying width in excess of 20m. Between 1973 and 1977, a total of 67 holes were drilled in the area for approximately 10,000 metres. Based on these historic drilling results, the Geological Survey of Sweden (SGU) estimated resources up to 100m depth to be 1.7 million tonnes at 0.156% molybdenum (Mo). This historic estimate does not comply with current JORC or 43-101 international standards. At the estimated tonnage, the Munka deposit is the largest molybdenum deposit in Sweden with the available data indicating that the deposit may be significantly larger.


For more information please click here


Manakjaure project - Uranium

The Manakjaure uranium prospect is located approximately 85km northwest of the city centre of the municipality of Jokkmokk in the Norrbotten county of Northern Sweden. It covers a lightly forested area of 5.5 square kilometres and access is via a forest road from the east.


In general, the geology of the Manakjaure area is dominated by sedimentary rocks of recrystallised feldspar-rich quartzite belonging to the Precambrian Snavva-Sjöfallet Sediment Group. These rocks occupy most of the licence area. Volcanic rocks of acid lavas, lying stratigraphically above the sediments, are noted to the east. These supracrustal rocks strike in a NE-SW direction and dip approximately 40 degrees towards SE.


For more information please click here



Clive Sinclair-Poulton - Executive Chairman

Aged 54, he studied law at Cambridge University graduating in 1978, before starting a twenty year career in investment banking in London with Citibank and Security Pacific (now Bank of America) as well as stockbrokers Hoare Govett.

After founding and then selling a stockbroking firm he became a founding shareholder and the Executive Chairman of AIMtraded themutual.net (AIM:TMN). He has been involved in natural resources for fifteen years.

Most recently, Clive was a founding member of Tanzania Gold Ltd which, following a reverse take-over, was first renamed Tanzania Gold plc before becoming Bezant Resources plc. He was CEO of AIM listed Bezant Resources plc (AIM:BZT), with copper and gold assets in Tanzania and the Philippines, until he stepped down in February 2008 . He resides in Ireland.


Jan-Ola Larsson - Technical Director

Aged 68, he holds a geology degree from Uppsala University and a PhD in geochemistry from Imperial College of Science and Technology, London University.

He has over 30 years of varied experience in Canada, Brazil and Sweden. Previously held positions were Head of Geochemistry and Geological Survey of Sweden, LKAB Exploration Company and Barringer Research Ltd. Exploration Manager for Tetron Mineracao S/A and North Star Diamonds AB.


Anthony Scutt ACIS - Non-Executive Director

Aged 70, he is a Chartered Secretary and a Certified Internal Auditor with the U.S. Institute of Internal Auditors. He has 34 years of financial management experience with Shell International Petroleum, working in many parts of the World, including the Malagasy Republic, East and Central Africa, Gabon,Vietnam, Cambodia, the Philippines, and latterly as the Chief Internal Auditor of Shell U.K.

He then went on to become an investment analyst, writer and investor, and was one of the very first investors and supporters of Beowulf. He is also a non-executive director of Starvest plc,Agricola Resources plc and Non-Executive Director of Oracle Coalfields.


Edward Taylor - Non-Executive Director and Company Secretary

Aged 62, he has worked in various accounting, human resources, administration and Company Secretary positions in the natural resources sector. He has worked for Hardy Oil & Gas (now British Borneo Oil and Gas plc), Enterprise Oil plc and LASMO (now AGIP (UK) plc). He is a Director of All Star Minerals and Non executive Director of the following companies: U3O8 Holdings Plc,Valiant Investments Plc,Valiant Financial Media Ltd and Southern Star Mineral Resources Plc. He is also Company secretary for Oracle Coalfields Plc.


Fred Boman - Production Director

He holds an MSc. degree in Mining and Mineral Processing from the Royal Institute of Technology (KTH), Stockholm, Sweden. He has more than 35 years’ experience in the mining industry with over 25 years’ service in various senior management positions both in Sweden and overseas. His previous positions include Vice President and Head of Engineering and R&D at Boliden AB, President and CEO of Boliden International Mining AB, CEO and President of Midroc Gold Limited and Managing Director of Dragon Mining Sweden AB. He currently serves on the board of a number of private companies and is a member of the Association for Mining and Metallurgical Engineers of Sweden. He is also a qualified person accredited by the Swedish Mining Association


Major Shareholders


  • Sunvest Corporation Limited - 11,250,000 shares (5.34%)
  • Mrs C C Rowan - 10,189,485 shares (4.84%)


Total Shares ordinary shares of 1p each in issue - ‘210,427,365

Number of AIM Securities that is not in public hands - 2,752,006


There is no restriction on the transfer of the Company's AIM securities.

Please note that the above figures are subject to change

and will be updated when further information is available


Information taken from Company website 18.12.2012

  • Additional Information
    Share Price
    345.26 m
    Avg. Vol
    Mkt Cap
    £6.49 m
  • Latest Stocktube

    Beowulf Mining chairman upbeat on metallurgy of Swedish iron deposit

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  • Contact Information

    Registered Office Address

    Beowulf Mining plc

    Richmond House

    Broad Street



    CB7 4AH



    Swedish Office

    Beowulf Mining plc

    Silvergransvagen 32

    SE 141 45 Huddinge


    Tel:  +46 8 746 8390

    Fax: +46 8 449 8559


    Corporate Information


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