The Conversation (0)
Wolf Minerals Limited (ASX:WLF) finalized the property acquisitions for its Hemerdon Project in England, which represents a key milestone in the development timeline for the project.
As quoted in the press release:
Under the conditions of the existing planning permission for the Hemerdon project, Wolf was required to purchase 15 properties adjacent to the proposed mine development, prior to the commencement of mine development on the site.
The Company is pleased to advise that this acquisition process has now been completed with a contract for the purchase of the last remaining property now finalised. All 15 requisite properties have now either been purchased or had contracts-to-purchase entered into.
Wolf Minerals Limited Managing Director, Russell Clark, said:
The process of acquiring these properties has been a prime focus for the Company since acquiring the project, recognising the sensitivities that are obviously present when working with the local community and we are very pleased to have finalised the contract for the purchase of the last property. This is a pre-requisite to building the Hemerdon project and is a key milestone in the advancement of what will be Britain’s first metal mine for 45 years.
Click here to read the Wolf Minerals Limited (ASX:WLF) press release
Click here to see the Wolf Minerals Limited (ASX:WLF) profile