Wolf Minerals Awards Power Supply Contract to DONG Energy

 Wolf Minerals Limited (ASX:WLF) has finalized and awarded the power supply contract for its Drakelands open pit mine. The mine is currently being constructed at Wolf’s Hemerdon tungsten and tin project in Devon, England.

As quoted in the press release:

Following a tender process conducted by The Energy Services Partnership Ltd, DONG Energy has been awarded the contract to supply grid power to the Drakelands mine.

Under the terms of the contract DONG Energy will supply a projected 82GWh to the operation for a three year period. The forecast power prices are in line with estimates contained in the Definitive Feasibility Study (“DFS”).

Wolf managing director, Russell Clark, said:

As we continue to build the mine and processing plant at Drakelands, it’s very pleasing to be able to lock in a power contract at rates similar to those used in the DFS, which will contribute to Wolf being a low cost producer of tungsten.

Click here to read the Wolf Minerals Limited (ASX:WLF) press release
Click here to see the Wolf Minerals Limited (ASX:WLF) profile.