Wolf went broke because they borrowed too much 200m pounds, didn't do the DD & couldn't get the recoveries to make it profitable. The falling tungsten price didn't help but I think it was more management than the mine as another group are trying to re-open it.
Well done to KIS on getting the Tas Govt loan, hopefully more to come as the interest in tungsten is gaining traction. BTW, there is an Aussie producer EQR.ASX. You might check this one out in FNQ.
Ann: Dolphin Project secures $10M Tasmanian Government Loan, page-50
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