Wolf Minerals Limited

Published : March 17th, 2014

Ground breaking marks start of Wolf tungsten mine project

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Ground breaking marks start of Wolf tungsten mine project

ASX Announcement

17 March 2014

Ground-breaking marks start of Wolf's

tungsten mine project

Specialty metals development company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) (Wolf, the Company) is pleased to announce that work to build the first new metal mine in the UK for
45 years is under way following the official ground-breaking ceremony at the site of the £123 million Hemerdon project, near Plymouth, Devon.
The event marks a major milestone in the project which, subject to finalisation of financing, will see the reopening of the historic mine by speciality metals company Wolf Minerals and its development as a world-class source of tungsten concentrate production.
The Hemerdon tungsten resource is the third largest in the world and is located in Devon's traditional mining heartland, to the south of Dartmoor, close to the area's ongoing major china clay operations. Production is expected to start in 2015 at the Hemerdon project and is scheduled to produce 3,450 tonnes of tungsten concentrate annually - equivalent to approximately 3.5 per cent of global forecast demand - providing security of supply for tungsten and valuable export revenue for the UK.
The project will generate approximately 300 direct and indirect jobs during the operational phase and provide a significant economic stimulus into the Plymouth, Devon and UK economies over the next decade.
The ground-breaking ceremony took place at the site of the mine's new £75 million processing plant and was carried out by representatives of the two planning authorities, John Hart, Leader of Devon County Council and Tudor Evans, Leader of Plymouth City Council; Gary Streeter, MP for South and West Devon; Anthony Cobbold, Chairman of the Hemerdon Mine Association; and Jeff Harrison, Operations Manager for Wolf Minerals at the site.

Wolf Minerals Limited

ASX: WLF AIM: WLFE

Capital Structure

198.0M ordinary shares

7.1M unlisted options

Mkt Cap @ 45c: ~A$89.1M Mkt Cap @ 19.35p: ~£38.3M

Board of Directors

John Hopkins

Non-Executive Chairman

Russell Clark

Managing Director

Ronnie Beevor

Non-Executive Director

Nick Clarke

Non-Executive Director

Chris Corbett

Non-Executive Director

Don Newport

Non-Executive Director

Michael Wolley

Non-Executive Director

Richard Lucas

Company Secretary

Contact: www.wolfminerals.com.au

Russell Clark Managing Director Wolf Minerals Ltd.

22 Railway Road

Subiaco WA 6008

Ph: +61 (0) 8 6364 3776

E: [email protected]

James Moses

Media & Investor Relations

Ph: +61 (0) 420 991 574

E: [email protected]

Graham Herring

Threadneedle Communications Ph: +44 (0)20 7653 9855 [email protected]

ASX Announcement

17 March 2014

When complete the mine will feature an 850m x 450m open cast pit extending to a depth of
200m, together with a state-of-the-art pr ocessing plant and integrated mine waste facility. Initial site clearance and preparation works began in February and have included the building of new upgraded and re-routed bridleways to replace existing paths crossing the mine site.
Wolf Minerals will also shortly commence a major tree planting operation as part of an agreed package of mid- and long-term environmental measures which will see the eventual restoration of the mine site following production as a mix of heath and woodland.
Wolf Minerals managing director Russell Clark said:

"This is a very exciting moment for the project and one which puts us firmly on course to become the next globally significant producer of tungsten concentrate with production commencing in

2015. There is a huge amount of pride within the team for the work which has brought the project to this point and a determination to ensure we continue to hit our key milestones as we work to bring production on stream and create a valuable new industry for Devon and the UK."

ENDS

For further information please contact:

Russell Clark James Moses
Managing Director Media & Investor Relations
Wolf Minerals Mandate Corporate
E: [email protected] E: [email protected]
P: +61 (0) 420 991 574
John Casey
DCA Public Relations
Tel: +44 (0)1208 77900
Email: [email protected]

ASX Announcement

17 March 2014

Competent Persons Statement

The information in the report to which this statement is attached that relates to Exploration Results and Mineral Resources is based on information compiled by Phil Jankowski, who is a Member of the Australasian Institute of Mining and Metallurgy. Phil Jankowski is a full-time employee of SRK Consulting (Australasia) Pty Ltd ("SRK"), and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Phil Jankowski consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.
The Ore Reserve estimate is based on work completed by Mr Quinton de Klerk, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr de Klerk is a full time employee of Cube Consulting and has sufficient experience which is relevant to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr de Klerk consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.

About Wolf Minerals

Wolf Minerals is a dual listed (ASX: WLF, AIM: WLFE) specialty metals company. With global demand for tungsten rising and future global production expected to be constrained, Wolf Minerals is developing the third largest global tungsten resource at its Hemerdon project, located in the South West of England (see Project location map). The Company has strong cornerstone investors and project finance and environmental permitting in place. Wolf has also secured all major contracts for the project, with GR Engineering appointed the EPC contractor and CA Blackwell being awarded the Mining contract. Offtake contracts are also in place.

ASX Announcement

17 March 2014

Hemerdon project location map

Read the rest of the article at www.noodls.com
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Wolf Minerals Limited

DEVELOPMENT STAGE
CODE : WLF.AX
ISIN : AU000000WLF3
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Wolf Min. is a tin development stage company based in Australie.

Wolf Min. develops tin and tungsten in U.k..

Its main asset in development is HEMERDON MINE in U.k. and its main exploration properties are DULLAH, YANCO GLEN, BURRANDANA, RED HILL ( AUSTRALIA) and KIOWARRAH in Australia.

Wolf Min. is listed in Australia. Its market capitalisation is AU$ 9.5 billions as of today (US$ 6.8 billions, € 5.8 billions).

Its stock quote reached its lowest recent point on September 19, 2018 at AU$ 0.03, and its highest recent level on September 30, 2020 at AU$ 8.75.

Wolf Min. has 1 085 689 984 shares outstanding.

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Corporate Presentations of Wolf Minerals Limited
5/27/2010Intersuisse Research Report
In the News and Medias of Wolf Minerals Limited
10/12/2018Australian tungsten producer Wolf Minerals says its British ...
11/6/2014Australia's Wolf Minerals ready for construction of UK tungs...
Annual reports of Wolf Minerals Limited
2008 Annual report
Nominations of Wolf Minerals Limited
10/29/2013Appointment of Russell Clark as Managing Director highlights...
10/17/2013Wolf Minerals appoints Russell Clark new Managing Director -...
9/20/2013Wolf Minerals appoints Ronnie Beevor to the board as a Non-e...
Project news of Wolf Minerals Limited
3/13/2015Wolf Minerals' tungsten mine to start production in Devon
3/9/2015Wolf Minerals to open first British metal mine for 45 years ...
3/17/2014Ground breaking marks start of Wolf tungsten mine project
1/31/2014Continued progress towards construction at Hemerdon Tungsten...
1/20/2014Wolf Minerals provides update on Hemerdon Tungsten Project -...
1/15/2014Plymouth Minerals strengthens Board to drive Morille Tungste...
12/16/2013Wolf Minerals issued Class A Mining Waste Facility Environme...
11/12/2013Wolf Minerals achieves key milestone in permitting process f...
8/19/2013Wolf Minerals makes Senior Project Management appointments a...
7/18/2013Wolf Minerals finalises A$213M funding package for Hemerdon ...
6/12/2013Wolf Minerals commences development at Hemerdon Tungsten Pro...
6/4/2013Wolf Minerals Company Presentation_Hemerdon Tungsten Project...
1/31/2013Wolf Minerals secures A$212M funding package for Hemerdon Tu...
10/31/2012Wolf Minerals advances development of Hemerdon Tungsten Proj...
9/17/2012Wolf Minerals granted key environmental approvals for Hemerd...
9/3/2012Wolf Minerals to expand Hemerdon Tungsten Project senior deb...
7/31/2012Wolf Minerals completes first major construction work at Hem...
7/27/2012Wolf Minerals continues to progress development of Hemerdon ...
5/29/2012Wolf Minerals raises $5M for ongoing development of Hemerdon...
1/31/2012Wolf Minerals continues to progress Hemerdon Tungsten Projec...
1/13/2012Wolf Minerals secures UK Minister of State for Trade and Inv...
12/19/2011Wolf Minerals to raise GBP=C2=A355M ($A80M) project finance ...
12/15/2011Wolf Minerals to commence infrastructure work at Hemerdon Tu...
8/31/2011Wolf Minerals_updated Research Report_BUY recommendation_Pri...
8/26/2011Wolf Minerals secures $6M Development Funding Facility for H...
5/23/2011Wolf Minerals_Hemerdon Tungsten and Tin Project Definitive F...
5/16/2011Wolf Minerals releases positive results from Definitive Feas...
4/8/2011Wolf Minerals provides Definitive Feasibility Study update f...
8/12/2010(Hemerdon Mine)raises $2M to fast track completion of Hemerdon Tungsten pro...
3/13/2008(Hemerdon Mine)Resource Upgrade at Hemerdon Ball Tungsten-Tin deposit
1/29/2008(New South Wales)Exploration results
12/5/2007(Hemerdon Mine)Acquires Major World Class Tungsten Deposit
Corporate news of Wolf Minerals Limited
7/1/2016Performance Right Plan Update
5/23/2016Expiry of Unlisted Option
4/27/2016Quarterly Report for the 3 Months Ended 31 March 2016
4/22/2016Standby Subscription Facility Approved
4/22/2016Results of General Meeting - 22 April 2016
4/5/2016Wolf Announces New General Manager for Drakelands Mine
3/21/2016Notice of General Meeting and Independent Expert's Report
3/21/2016Notice of General Meeting & Independent Expert's Report
1/28/2016Quarterly Report for the 3 Months Ended 31 Dec 2015
12/1/2014Wolf Completes Hemerdon Geotechnical Drilling Campaign
11/20/2014Wolf Presenting at Mines and Money Conf on 1 Dec London
11/2/2014Appointment of Joint Company Secretary
3/14/2014Suspension from Official Quotation
3/12/2014Request for Trading Halt
2/24/2014Wolf Minerals awarded Deal of the Year for Hemerdon Tungsten...
2/17/2014Wolf Minerals Managing Director Russell Clark interview with...
2/11/2014Wolf Minerals to commence construction at Hemerdon Tungsten ...
12/12/2013Latest news from Wolf Minerals_ Interview with Managing Dire...
11/19/2013Wolf Minerals_Updated Research Report from Breakaway Researc...
10/3/2013Wolf Minerals Investor Update newsletter_October 2013
4/29/2013Wolf Minerals awards =C2=A375 million EPC Contract for Hemer...
3/13/2013Wolf Minerals_Updated Research Report from Breakaway Researc...
2/8/2013Wolf Minerals Investor Update newsletter_February 2013
8/7/2012Wolf Minerals Investor Update newsletter_August 2012
5/31/2012Wolf Minerals Investor Update newsletter_May 2012
3/5/2012Wolf Minerals secures credit approval for GBP=C2=A355M ($A81...
2/17/2012Wolf Minerals Investor Update newsletter_February 2012
5/10/2011Wolf Minerals Investor Update newsletter_May2011
5/9/2011Wolf Minerals Tungsten market update_Prices and Demand to re...
1/24/2008Hemerdon Tungsten and Tin Project Update
11/21/2007UPDATE ON REISNSTATEMENT TO TRADING ON ASX
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AUSTRALIA (WLF.AX)
8.75+0.00%
AUSTRALIA
AU$ 8.75
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Produces
Develops Tin - Tungsten
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