Well its good that WLF is in the news for the right reasons,...

Well its good that WLF is in the news for the right reasons, I've had too many companies that have let me down over the years, I'm pleased to say that WLF isn't one of them!


£130m Dartmoor tungsten mine on budget and on schedule

February 27, 2015


Wolf Minerals - Granite rock specimen from Hemerdon showing quartz vein ...
Tungsten mining firm Wolf Minerals is on track to deliver the first new metal mine in Britain in 45 years.
The company released its interim financial report for the half year ended December 31, 2014.

The firm said the £130 million tungsten and tin mine at Hemerdon near Plymouth was 67% complete as of the half year and is currently on budget and on schedule to start operating later this year.

Contractors are expected to hand over the mine to Wolf Minerals in the third quarter of 2015.


Wolf Minerals managing director, Russell Clark told investors that at the half year all structural concrete pours have been completed with structural steel erection being 44% complete.

The structural steel erection is now 80% complete.

During construction of the mine waste facility 100,000 tonnes of ore has been extracted and stockpiled, forming the basis of the initial feed to the processing plant.

Mr Clark said that a geotechnical diamond drilling programme to assess the feasibility of extending the mine life through steepening the mine walls and thereby enabling a deeper pit has now been concluded.

He said that with the potential to increase ore reserves by between 15% to 23% this possible extension would occur within the existing planning permission boundary.

In the six months to December 31 the assay laboratory contract for the project was finalised and awarded to SGS and the power supply contract for the project was granted to DONG Energy in early January 2015.

Mr Clark said: “We made significant progress in the first half of the current financial year. It has continued into the second half.

“The Hemerdon Project is progressing well and is on schedule for dry commissioning in March 2015 with 100% of the equipment having been delivered and 80% of the structural steel erection complete since the period end.

“Additionally, we have completed the drilling programme undertaken to assess the opportunity, within the existing planning permission boundary, to steepen the mine walls and thereby increase the reserves and extend the mine life.

“The company will report on the results of the drilling programme in due course. Based on the progress we have made so far the board remains confident of delivering a tungsten producing mine on schedule and on budget.”  



What more can I say, roll on 2015 and beyond for WLF and its shareholders.

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