Wolf Minerals Commences Development of Hemerdon Project

 Wolf Minerals Limited (ASX:WLF) commenced development of the Hemerdon project in England. Highlights include the first drawdown from the US$82 million funding package provided by Resource Capital Fund V L.P. and the commencement of the £75 million Engineer Procure Construct contract with GR Engineering Services Limited (ASX:GNG).

As quoted in the press release:

The initial project development activities include:

1. First drawdown from the US$82 million funding package provided by Resource Capital Fund V L.P. (“RCF”);
2. Commencement of the £75 million (~A$123 million) Engineer Procure Construct contract (“EPC Contract”) with GR Engineering Services Limited (ASX: GNG) (“GR Engineering”); and
3. Continuation of property purchases around the project site.

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