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Update on Consolidation of Vardar Minerals Limited

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Beowulf (AIM: BEM; Spotlight: BEO) announces that the planned consolidation of 100 per cent ownership of Vardar Minerals Limited ("Vardar") which, as announced on 4 March 2024 had been expected to complete on 15 March 2024, has been delayed due to an administrative issue and is now expected to take approximately two additional weeks. The Company will update the market on completion of the transaction.

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