Wolf Minerals Announce Commissioning Complete at Hemerdon Tungsten and Tin Project

Wolf Minerals Limited ( ASX:WLF,AIM:WLFE) announced the completion of commissioning of the processing plant at the Drakelands open pit mine (“Drakelands”) constructed at the Company’s world class Hemerdon tungsten and tin project in Devon, southwest England.
As quoted in the press release:

Construction of the processing plant started on site in March 2014 and wet commissioning of the plant commenced in June 2015. The entire processing plant, and all the equipment within it, has now run successfully satisfying the requirements for handover to Wolf. As a result of this success, Wolf has taken full operational control of the plant from the Project’s EPC contractor, GR Engineering Services.
The inaugural shipment of tungsten concentrate has also been dispatched from Drakelands for delivery to a long term customer, marking the Company’s first generation of revenue and operating cash flow.
The Drakelands mine and processing plant are now operating on a seven days a week basis under a six month trial which will run through to February 2016. If the trial is successful Wolf will apply to make the arrangement permanent. A permanent change would increase available operating time by more than 27% in comparison to the original permission for a 5½ day working week and provide the opportunity to produce additional volumes of tungsten and tin concentrates with no further capital expenditure. It also provides the opportunity to lower operating costs, pushing the operation further down the tungsten concentrate production cost curve as well as generate additional employment opportunities.

Wolf Managing Director, Russell Clark, commented:

The conclusion of commissioning activities represents another major milestone in the development of the Project, and I congratulate the Wolf team, GR Engineering Services and their sub-contractors, who have worked together to safely achieve this landmark. With the inaugural shipment, Wolf has now realised its ambition of becoming a tungsten producer and we expect to supply high quality concentrate to our customers for many years into the future.

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