Beowulf Mining PLC - Sweden, Finland and Kosovo-focused mining company - Announces Ulla Sandborgh is stepping down as chief executive officer at Beowulf’s 100% owned subsidiary Jokkmokk Iron Mines AB, just over a year after the former director general for the Swedish Ministry of Enterprise was appointed.

The company says: ‘Beowulf is working to ensure a smooth transition. The company has initiated the recruitment process for an individual with the requisite project development and mining skills and experience to advance Jokkmokk Iron and will update the market in due course.’

Current stock price: 1.55 pence each, down 1.6% on Wednesday

12-month change: down 71%

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