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Note: The company changed its name from Beowulf Gold plc to Beowulf Mining plc on the 4th April 2005. This was done to reflect the broader mining and exploration goals of the company.
- Previous company press releases have not been changed and will therefore still refer to the company as Beowulf Gold plc
- All new press releases will refer to Beowulf Mining plc
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NEWS RELEASE 10th AUGUST 2005
Goldfields Granted Rights of First Refusal on Ballek Licences
LONDON: 10 August 2005 - The directors of Beowulf Mining plc ("Beowulf") have granted Gold Fields Exploration B.V. ("Gold Fields") the right of first refusal for three months to Joint Venture on the Ballek 2 and 3 licences exploration permits in the Arjjeplog region of Norrbotten, Northern Sweden.
The Ballek licences cover 78 square kilometres. The three month term of the agreement gives Gold Fields the right to assay drill core previously drilled by the Geological Survey of Sweden, conduct geological investigations and enter previous work into a geological data base. All results will be given to Beowulf.
During the three months Gold Fields will have the right to negotiate a full form agreement, and will have the right to match any other offer made to Beowulf for a Joint Venture over the Ballek licences.
For further information contact :-
For further information please contact;
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Gary Middleton
Matt Scuffam
St Swithin’s Public Relations
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+44 (0) 1353 649 701
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+44 (0) 207 429 4391
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Gavin Burnell
Ruegg & Co. Limited
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Nick Bealer
Phillip Securities (UK) Ltd
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+44-(0)207 584 3663
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+44-(0)207 553 8281
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