Wolf Minerals (ASX:WLF,AIM:WLFE) announced its third quarter activities report with highlights including starting a drawdown of 75 million in senior debt facilities, with the first drawdown taking place on September 19. The company also reported that construction on its Hemerdon project is continuing (with a price tag of ASD 61.7 million) as well as the geotechnical diamond drilling program advancing.

Wolf Minerals (ASX:WLF,AIM:WLFE) announced its third quarter activities report with highlights including starting a draw-down of £75 million in senior debt facilities, with the first draw-down taking place on September 19. The company also reported that construction on its Hemerdon project is continuing (with a price tag of ASD $61.7 million) and the geotechnical diamond drilling program is advancing.

According to the press release, highlights include:

Commenced drawdown of £75 million in senior debt facilities finance facilities
Construction remains on track and on budget.
Development expenditure for of A$61.7 million for the quarter
Geotechnical diamond drill program advanced.

Russell Clark, Managing Director of Wolf, said:

This has been another highly successful quarter for Wolf. Completing the necessary conditions to commence draw down of the senior debt finance facilities was a major milestone and our ability to meet all the conditions, and continue to advance the development of the Project, is a testament to the Company and the strength of our management team.

Click here to read the Wolf Minerals Ltd. (ASX:WLF,AIM:WLFE) press release
Click here to see the Wolf Minerals Ltd. (ASX:WLF,AIM:WLFE) profile.

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