BEOWULF MINING PLC

Beowulf announced the results of flotation tests conducted on ore extracted from its Lulepotten copper-gold deposit, Ballek project in Northern Sweden. The tests show that the processing of the copper ore material obtained from the deposit will not be complicated. The final copper concentrate from the flotation tests conducted on material from the Lulepotten copper-gold deposit contained 32.4% copper, 320 g/t silver, 29 g/t of tellurium and 5.6 g/t gold. Only low levels (< 0.01%) of bismuth, antimony and cobalt were noted. The flotation feed material contained 1.04% copper, 15 g/t silver and 0.4 g/t gold.