• The Project is located near Plymouth in the South West of England, and it is anticipated that Wolf will mine 3000 tonnes of tungsten per year at the project over an approximate 15-19 year period.

• Work will commence immediately, with actual mining work scheduled to begin within three years.

• A previous Feasibility Study conducted in 1981 by North American mining company AMAX estimated a mineable reserve estimate of ~ 40Mt at 0.183% tungsten trioxide and 0.029% tin.

• Global Hemerdon resource hosts 73Mt at 0.143% tungsten trioxide and 0.026% tin,  based on 25,400 metres of drilling conducted between November 1976 and October 1980.

• Wolf will pay A$1million, plus an annual rental payment of A$145,000, to acquire 100% of the Hemerdon deposit. Separately, a 2% net smelter royalty (NSR) will be payable.

• Planning Permission to develop the mine was granted by Government in 1986 and remains valid until 2021.

• SRK Consulting has been engaged to re-log the core on site and Wolf will have substantial amounts of the existing core re-assayed, prior to confirming a JORC compliant resource within 3 months.

• The  acquisition moves Wolf closer to its goal of becoming a world class tungsten and tin producer.

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