Wolf Minerals Limited First Tungsten Conc Produced at Hemerdon Project (5828X)
September 01 2015 - 1:04AM
UK Regulatory
TIDMWLFE
RNS Number : 5828X
Wolf Minerals Limited
01 September 2015
1 September 2015
Wolf Minerals Limited
First Tungsten Concentrates Produced at Hemerdon Project
Highlights
-- First tungsten concentrates have been produced to specification at Drakelands mine.
-- Completion of commissioning of the processing plant at
Drakelands mine is expected in September 2015.
Specialty metals development company, Wolf Minerals Limited
(ASX: WLF, AIM: WLFE) ("Wolf" or "the Company") is pleased to
announce that it has commenced tungsten concentrate production from
its Drakelands open pit mine ("Drakelands") constructed at the
Company's world class Hemerdon tungsten and tin project ("the
Project") in Devon, southwest England.
This represents another major milestone in the development of
the Project, and makes the Company's goal of building and operating
the first new metal mine in Great Britain for 45 years a
reality.
Wolf Managing Director, Russell Clark, commented:
"We are very pleased to announce that as part of the
commissioning process we have now produced tungsten concentrates to
the required specification. We look forward to shipping our first
tungsten concentrates to Global Tungsten and Powders in the USA and
to Wolfram Bergbau und Hütten in Austria."
Commissioning Update
The Company also advises that commissioning of the crushing and
scrubbing section of the plant has been completed, as has the fines
section, and that design tonnage throughput is being met in both
sections. The refinery section of the plant is now in the final
stages of commissioning.
During the commissioning of the dense media separation section,
the exciter bars of two vibrating screens broke due to a
manufacturing fault. The bars have been re-manufactured and
replaced and commissioning activities continued, but it has
resulted in a delay in the "takeover" of the plant. The takeover
from EPC contractor, GR Engineering Services, to Wolf requires the
entire processing plant, and all equipment within it, to run at
design throughput. This is now expected in September 2015.
Wolf Managing Director, Russell Clark, commented:
"Overall, commissioning activities are going well and the
operating teams have learned how to manage the plant in different
conditions. Commissioning is a time when all processes and
equipment are fully tested and performance established. By its very
nature it is not unusual to encounter a number of challenges along
the way and our teams are working successfully together to address
these."
"It is particularly pleasing that the plant is operating as
expected and we are successfully upgrading the ore to produce
product that meets our customer's specifications."
ENDS
Wolf Minerals Limited
Russell Clark +61 8 6364 3776
Numis Securities
John Prior/James Black/Paul Gillam +44(0)20 7260 1000
Newgate
Tim Thompson / Adam Lloyd / Ed
Treadwell / Helena Bogle +44 (0) 20 7653 9840
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 nearing the completion of the development of a large
tungsten resource at its Hemerdon project, located in southwest
England. The Company has strong cornerstone investors and project
finance and environmental permitting in also place. Wolf has also
secured all major contracts for the project, with GR Engineering
appointed as the EPC contractor and CA Blackwell being awarded the
mining contract.
This information is provided by RNS
The company news service from the London Stock Exchange
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