Beowulf, the Sweden-focused mineral exploration company, jumped 10% after it said latest assay results from its completed drill programme at its Kallak North mine were "most encouraging". The results included indications of further high grade iron mineralisation on the southerly extension of the deposit, the company said. It has also received approval from the County Administrative Board of Norrbotten for test mining at the site.
Jubilee Platinum, the mine-to-metal specialist, said Power Alt, in which it has a 51% stake, had received approval from the National Energy Regulator of South Africa to sell surplus electricity to South Africa's national power generating company. Sales of electricity are expected to commence on 26th October. Jubilee said its exposure to Power Alt increased the company's earnings potential and profitability.
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