Resources round-up: Beowulf, Jubilee Platinum, Richland Resources
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.
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.
Shares in Richland Resources were restored to trading today and immediately dropped 13% after the gemstones producer said it had received interim permission to resume export from the Ministry of Energy and Minerals in Tanzania. The company now faces a re-audit of the financial records of its subsidiary, TanzaniteOne Mining, by the Tanzanian Minerals Audit Agency and the export licence will only last as long as the audit. The government is claiming "retrospective royalties" relating to the period from 2004 to 2008, which amount to $1.73m.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
MM
-
Can the gold price rise to $6,000?Gold prices have made dramatic jumps early in 2026. Can gold keep rising, or is it becoming a victim of its own success?
-
The top coastal locations where properties are losing valueProperty prices across a number of coastal hotspots plunged in 2025 - which areas are most affected?
