PROJECT UPDATE: Wolf Minerals Nears Key Permit for Hemerdon

It looks like a finish line is coming up on the horizon for Wolf Minerals (ASX:WLF,LSE:WLFE), whose Hemerdon tungsten project in the UK was just granted a “minded to” status for its Waste Facility Environmental Permit. With this latest milestone achieved, the company is just one step away from being granted the permit.

Wolf submitted its Waste Facility Environmental Permit application to the UK’s Environmental Agency (EA) in May of this year. The governing body conducted a two-month public consultation period and now has enough information to publish a draft permit. The permit is currently under a one-month public consultation period; after that is completed, the final decision on whether or not the permit will be granted will be made. Over the course of the next month, the EA will only consider new information.

Wolf anticipates being granted the permit in December; it is the last major permit the company needs before mine development can begin.

The company’s managing director, Russell Clark, told investors in a statement that the latest milestone for the company is “a very significant step in the development of the Hemerdon tungsten and tin project,” adding that “Hemerdon will be the first significant mine to be built in the UK in over 45 years and the agencies have worked very closely with us to ensure we will have a waste facility permit that provides protection for the broader environment and community. We have worked closely with the community and the environmental authorities to ensure we have a world class and fully compliant operation on all aspects of the project. Once in operation, the Hemerdon project will deliver over 200 full time jobs to the region for many years to come, providing diversification in employment and new sources of income for many of the local community.”

Hemerdon, located in Devon, England, has a proven and probable resource estimate of 26.7 million tonnes of 0.19-percent WO3 and 0.03-percent tin. Wolf has reached an offtake agreement for 80 percent of its tungsten concentrate with two of the world’s largest tungsten users, Austria’s Wolfram Bergbau und Hutten and Pennsylvania-based Global Tungsten & Powders. Wolf Minerals is targeting first tungsten and tin production at Hemerdon in 2015.

Securities Disclosure: I, Vivien Diniz, hold no investment interest in any of the companies mentioned. 

Editorial Disclosure: Wolf Minerals is an advertising client of the Investing News Network. This article is not part of Wolf’s advertising campaign, nor is it paid-for content.