BEOWULF MINING PLC

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  Material uncertainty over going concern

  As the strategic investment remains subject to various conditions and approvals, the completion of which is not guaranteed, these conditions indicate that a material uncertainty exists that may cast significant doubt on the Group's and Parent Company's ability to continue as a going concern.

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  Going-concern uncertainty disclosed

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. BEOWULF MINING PLC 2005-03-31 → present
2. BEOWULF GOLD PLC 2003-01-21 → 2005-03-31
3. ALAMOS PLC 2001-04-02 → 2003-01-21
4. E.RUBY PLC 2000-04-07 → 2001-04-02
5. BRITCAN MINERALS PLC 1989-03-02 → 2000-04-07
6. LUXMIT LIMITED 1988-12-21 → 1989-03-02

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As the strategic investment remains subject to various conditions and approvals, the completion of which is not guaranteed, these conditions indicate that a material uncertainty exists that may cast significant doubt on the Group's and Parent Company's ability to continue as a going concern.”

Group structure

1. BEOWULF MINING PLC · parent
   1. Grafintec Oy 100% · Finland · Mineral exploration
   2. Jokkmokk Iron Mines AB 100% · Sweden · Mineral exploration
   3. Beowulf Mining Sweden AB 100% · Sweden · Mineral exploration
   4. Wayland Copper Limited 100% · UK · Holding company
   5. Wayland Sweden AB 100% · Sweden · Mineral exploration
   6. Vardar Minerals Ltd 100% · UK · Mineral exploration
   7. Vardar Geoscience BVI Ltd 100% · British Virgin Islands · Holding company
   8. Vardar Geoscience Kosovo L.L.C 100% · Kosovo · Mineral exploration
   9. Vardar Exploration Kosovo L.L.C 100% · Kosovo · Mineral exploration

Significant events

• “Beowulf announced on 26 November 2025 that it had received a non-binding cash offer of €4 million (£3.49 million) for its 100% interest in Vardar and subsequently confirmed that a Heads of Terms had been signed with the proposed buyer.”
• “On the 25 June 2024, the Supreme Administrative Court delivered its verdict, upholding the Government's awarding of the Exploitation Concession for Kallak, and therefore the concession and all attaching conditions remain in full force.”
• “The PFS was completed and the financial results were announced on 10 March 2025, demonstrating extremely positive economics with a Phase 1 post-tax NPV8 of €924 million and post-tax IRR of 37% over 25 years...”
• “On 8 May 2025, the Company announced the completion of the capital raise with a total of £2.2 million (SEK 28.1 million) gross raised to fund the continued development of the Company's assets.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

14

last 12 months

Capital events

10

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.