Beowulf Mining plc is an exploration and development company. The Company has a portfolio of assets, including commodities such as iron ore, graphite, base and precious metals, with activities in exploration, the development of mines and downstream production in Sweden, Finland and Kosovo. In Sweden, Jokkmokk Iron, a wholly owned subsidiary, is developing its project Kallak, from which testwork has produced magnetite concentrate of 71.5% iron content. In Finland, Grafintec, a wholly owned subsidiary, is developing a natural flake graphite inventory (defined resources at the Aitolampi project indicate 1.275 million tons contained graphite). In Kosovo, the Company owns approximately 61% of Vardar Minerals (Vardar), which is focused on exploration in the Tethyan Belt, an orogenic metallogenic province for gold and base metals. Vardar is engaged in delivering results for its Mitrovica licence, which has several exploration targets, including lead, zinc, copper and gold.