New kid on the block, tungsten on the rise and all this in devon....what devon ?.....yes : devon...by jove....!.

Mine on target from what it seems from the rns issued this morning......production destined for the whole of the EU....should be a good exporter hence good government support....

Wolfy's perking up.....keep going babe....

you talking to yourself RF..... haha

Saw this in the news myself, I used to live in Devon. This ia apparently the 4th largest reserve in the world.

The UK needs jobs and EXPORTS!

Government backed....and it's going ahead...when the mining sector comes back in focus : this should do very, very well....

rf you may be right might have a dabble.

rf gone into this one,it is also isable.

I have it also in an isa.....at the moment my choices are not doing well at all....

rf be patient new tax year.... new dawn!

strange one for you hali - wide spread and illiquid

cynic supporting local mining,with tungsten in demand may prove to be a lucrative investment.

so might buying GAME

cynic didn't know they are in the mining business.

Wolf signs tungsten offtake deal


Wolf Minerals Limited ("Wolf") is pleased to announce that the Company has signed a non-binding Heads of Terms ("Heads") for tungsten offtake and a loan facility with Wolfram Bergbau und Hutten AG, Austria ("WBH"), and Global Tungsten & Powders Corp, Pennsylvania, USA ("GTP"). These agreements are part of a joint effort between WBH and GTP to support the development of a new major tungsten mine.

These offtake agreements cover 80% of Hemerdon's expected average annual tungsten concentrate output for a period of a minimum of 5 years, extendable under mutual consent. Under the Heads Wolf is expected to supply a 65% tungsten trioxide, wolframite concentrate based upon standard commercial terms. The Hemerdon mine is expected to produce an average of 345,000 mtu's of tungsten trioxide in concentrates per annum and 450 tonnes of tin.

Subject to technical and legal due-diligence as well as board approvals WBH and GTP will provide a £20 million loan facility to Wolf. This will form part of the project funding package and is in addition to the recently announced debt facility of £55 million.

Wolf expects to complete the final documentation for the offtake agreements, in conjunction with documentation for the lending banks, in the second quarter of 2012.

Humphrey Hale, CEO, commented "The signing of a long term offtake contract with two of the largest tungsten producers represents a significant milestone in the development of the Hemerdon tungsten mine. The company is pleased to provide security of supply to these global specialty powder and metal manufacturers and looks forward to developing a strong relationship in the future."

ENDS

Good one to stick in the Isa....

Issue of Shares and Options

Wolf Minerals completes construction of Hemerdon Project Link Road

Exercise of Options

Wolf Minerals Limited (the 'Company'), the specialty mineral exploration and development company, today announces it has applied for 38,300 depository interests representing fully paid ordinary shares (the 'Shares') to be admitted to trading on the AIM market of the London Stock Exchange ('AIM') ('Admission').

The Shares are being issued pursuant to an exercise of options which are admitted to trading on the ASX. Admission is expected to become effective on 30 August 2012. The Shares will rank pari passu with the Company's existing Shares.

Following admission of the Shares, the number of Ordinary Shares in issue and admitted to trading on AIM and the ASX will be 106,554,949 and the number of options admitted to trading on the ASX will be 20,781,998.

Still in.....but like with all these mining shares : need a big market recovery....

sp moving up a buy tip in shares mag today should move up as project financing is completed.

Permits received !.....this will be doing very well.... soon...

Quarterly Report

Finance in place...!...good news...

Wolfy's sp is up.......better times to come perhaps.....in the UK of all places...rare for a world class mine !...

They were mentioned in the weekend press. (I can't remember where).

Well, I've sat through the drop....(like with many others) as the market has been just horrid.....this one is promising .....I can imagine the sp being around 50p one day....fingers crossed...

SP up 18% today.

Wolf completes A$20.3m placement for Hemerdon tungsten project

Highlights

· Wolf has received subscriptions for 75,378,519 shares at A$0.27 (c.17p) per share (the "Subscription Shares")

· Funds will be utilised to provide working capital to commence the Hemerdon project, repay the existing $6 million loan facility provided by Resource Capital Fund V L.P. ("RCF")and purchase properties around the Hemerdon site

· Price represents a premium of 12% over Wolf's 30 day VWAP

· Completion of the Placing will satisfy a key condition of the Bridge Finance Facility and Royalty Agreement provided by RCF

· Introduction of a new strategic investor, TTI (NZ) Limited, who will acquire a 19.9% interest in the Company

· Subscription supported by both RCF and Traxys Projects LP ("Traxys")

Looks a good one for a mining recovery.....not much going on anywhere on the stockmarket apart from NANO...(which I don't have).....but WOLF looks like a good Isa tuckaway....

Award of Conditional £75 million EPC Contract

Wolf Minerals Limited (ASX:WLF, AIM:WLFE) is pleased to announce that it has awarded a £75 million (A$111 million1) EPC contract (the "Contract") for the Hemerdon tungsten and tin project to GR Engineering Services Limited (ASX:GNG) ("GR Engineering").

The fixed price, fixed term Engineer Procure Construct ("EPC") Contract is for the design, construction and commissioning of a 3Mtpa tungsten and tin mineral processing plant plus associated infrastructure, forming the key component of the Hemerdon project.

The formal commencement date for the project work under the Contract will be advised by Wolf to GR Engineering upon the satisfaction of the conditions precedent which form part of the financing arrangements for the project.

The EPC contract with GR Engineering compares very well with the Definitive Feasibility Study (DFS) estimate announced in May 2011, which allowed £77 million (A$114 million1) for the contract scope.

The Contract term is 24 months from the commencement date.

Half Yearly Report

Summary

Wolf is focused on the development of the Hemerdon project ("Hemerdon" or "the Project") located in Devon, England. Key activities during the half year include:

· Wolf completes A$5 million placement to senior shareholders
· Construction of Hemerdon Link Road completed and road opened
· Key environmental approvals received
· Finance providers mandated to seek credit approval for £75 million in project funding
· Credit approval for senior debt funding of £75 million achieved
· Project funding package from RCF for US$82M announced
· $20.3M placement announced and successfully completed post period end
· Introduction of new strategic investor
· New UK head office established

Publication of Updated Corporate Presentation

Quarterly Activities Report

Highlights from the March quarter include:

ü Conditional £75 million EPC Contract for Hemerdon Project awarded
ü Land acquisition process commenced and is ongoing
ü Hemerdon Mining Service Contractors shortlisted
ü Archaeological work at Hemerdon Project site continues
ü Senior management personnel appointed

Debt facilities and binding offtakes completed

Wolf Minerals Limited (ASX: WLF, AIM: WLFE) ("Wolf" or the "Company") is pleased to announce that documentation has been signed for the £75 million (~A$113 million) project finance facility provided by UniCredit Bank AG, London Branch, ING Bank N.V. and Caterpillar Financial SARL, and the US$82 million (~A$79 million) funding package provided by Resource Capital Fund V L.P. ("RCF") for the Hemerdon Tungsten Project in Devon, in southwest England.

Wolf Commences Development of Hemerdon Project

The initial project development activities include:

1. First drawdown from the US$82 million funding package provided by Resource Capital Fund V L.P. ("RCF");

2. Commencement of the £75 million (~A$123 million) Engineer Procure Construct contract ("EPC Contract") with GR Engineering Services Limited (ASX: GNG) ("GR Engineering"); and

3. Continuation of property purchases around the project site.

The RCF funding package was finalised last month (see ASX announcement, 10 May 2013). It comprises:

· A 12 month secured Bridge Finance Facility of US$75 million (~A$79 million); and

· US$7M (~A$7 million) consideration for the purchase of a 2% Royalty by RCF on gross revenues from all metals and minerals produced from the Hemerdon project.

Wolf now advises that it has received the first drawdown of US$10 million from the Bridge Finance Facility, plus the US$7 million consideration for the 2% Royalty.

Award of £85 million Mining Services Contract

Specialty metal exploration and development company Wolf Minerals Limited (ASX: WLF) (AIM: WLFE) ("Wolf" or the "Company") is pleased to announce that it has awarded an £85 million (A$140 million1) Mining Services Contract (the "Contract") for the Hemerdon tungsten and tin project to CA Blackwell (Contracts) Limited ("Blackwell").

The Contract is made up of two parts

• Phase 1, Mining pre-strip and Mine development,

• Phase 2, Mine production.

The Contract term for phase one is 11 months from the commencement date, followed by phase 2 which has a five year term from completion of phase 1 work.

Wolf will advise Blackwell of the formal commencement date for the project work under the Contract; however it is currently expected to be in March 2014, dependent upon the progress of the project schedule.

Wolf tendered the Contract within the UK and internationally. The Company received eleven quality bids. The tenders were evaluated on the basis of quality and price. Wolf selected Blackwell for the Contract on this basis.

The Contract pricing provided by Blackwell confirms the strength of the base case financial model and compares very well with the Definitive Feasibility Study estimate of £85.5 million (A$141 million1) announced in May 2011.

Commenting on the Contract award, Wolf Minerals Managing Director, Humphrey Hale said:

"Wolf is delighted to have had such a good response to the mining tender and is pleased to be working with CA Blackwell. This is another milestone for Wolf and a headline mining project for Britain."

Back to the 200ma.

Breakaway issues updated research

Breakaway Research recently released an updated commissioned research report covering Wolf Minerals Limited (ASX: WLF) (AIM: WLFE). To view a copy of the report, please visit our website at www.wolfminerals.com.au.

Breakaway Research is an independent research company. It is a member of the Breakaway Investment Group - an Australian financial services company that specialises in the resource sector; providing funds management, equity research and corporate advisory services.

Ends

And as if by magic..

sp on the up, possible bid candidate?

Trying 19p again.

Excellent 5.8% rise today - previous resistance @21p

Well done skinny, on not such a good market day.

Thanks DC - today looks like being a tad red!

GAP & RSI aside, 24/25 still looks realistic.

Wolf strengthens the Hemerdon Project management team

Investor Update

Notice of AGM

Driectorate Change

Change in Managing Director

· Humphrey Hale to step down in-line with Company's transition strategy to producer status

· Former Grange Resources managing director Russell Clark appointed as new managing director

Specialty metals exploration and development company, Wolf Minerals Limited (ASX: "WLF", AIM: "WLFE") ("Wolf" or the "Company") advises that Managing Director Humphrey Hale will step down from his role, effective today, 16 October 2013, and that Russell St. John Clark (55) will become the Company's new Managing Director.

The change in the Company's senior leadership is in line with its transition strategy as Wolf moves from the exploration and development phase of its evolution into mine construction, and eventual production, at its Hemerdon tungsten and tin project in Devon, in southwest England.

Mr Clark will commence his role with the Company with immediate effect. Mr Hale will continue to work with Wolf in a consultancy capacity for a period of three months to ensure an efficient hand-over and transition in the leadership of the company.

Mr Clark is a highly experienced and successful senior resource sector executive, and has more than 35 years experience in technical roles, project management, general management and executive positions at projects in the USA, Africa, Papua New Guinea, and throughout Australia.

He was previously Managing Director of Grange Resources (ASX: GRR), Australia's largest magnetite producer. During his four and a half year tenure with Grange he oversaw its successful merger with Australian Bulk Minerals, plus the completion of pre-feasibility and bankable feasibility studies for Grange's $3 billion Southdown magnetite project. The market capitalisation of the company grew four-fold during his tenure, and posted record profits and cashflow, paying its inaugural dividend in 2011.

Mr Clark was also CEO of South American focused exploration company Azimuth Resources (ASX, TSX: AZH) which was successfully taken over by Troy Resources (ASX, TSX: TRY) in August 2013.

Mr Clark holds a Mining Engineering degree (BSc Hons) from the Royal School of Mines, London, UK and a Graduate Diploma from the Securities Institute of Australia. His prior experience also includes roles with Newmont and Normandy, for a period of eight years, following 18 years at Renison Goldfields. At Newmont he was the Group Executive-Operations responsible for seven gold mines in Australian and New Zealand.

The Company would like to thank Mr Hale for his outstanding contribution to the growth and development of Wolf Minerals in his seven years with Wolf. He was the Company's inaugural Managing Director and oversaw its highly successful IPO and ASX listing in 2007, which saw Wolf become the best performing IPO of the year. He was also responsible for the acquisition of the Hemerdon project and its subsequent growth and development, which culminated in the delivery of a robust Definitive Feasibility Study (DFS) in May 2011 and a major funding package to facilitate the project's development.

He leaves his role with Wolf extremely well placed to achieve its corporate objective of bringing the Hemerdon project on line as the world's next major tungsten mining operation.

Quarterly Report

Highlights from the September quarter include:

· Russell Clark appointed new Managing Director, subsequent to quarter end.
· Strengthening of the Hemerdon project management team
· £85 million Mining Services Contract awarded for Hemerdon Project
· Permitting of Tails Storage Facility (TSF) advanced
· Land acquisition process at Hemerdon site ongoing
· Ronnie Beevor appointed to board as Non-executive Director

Russell Clark appointed new Managing Director

Subsequent to the quarter (ASX announcement, 16 October 2013) experienced senior resource sector executive Russell Clark was appointed Wolf Minerals' new Managing Director, replacing inaugural Managing Director Humphrey Hale. The appointment was in line with the Company's transition strategy, as it moves from exploration and development into mine construction and eventual production at the Hemerdon tungsten and tin project.

Mining exploration entity quarterly report

Waste Facility Permit

Wolf Minerals achieves milestone in permitting process for Hemerdon Tungsten Project

· Waste Facility Environmental Permit granted 'minded to' status.

· Final step before granting the permit.

· Waste Facility Environmental Permit anticipated to be granted in December.

Wolf Minerals finalises property acquisitions

Wolf Minerals finalises property acquisitions at Hemerdon Project

Key milestone in project's planning permission

Specialty metals development company, Wolf Minerals Limited (ASX: WLF) (AIM: WLFE) ("Wolf" or the "Company") is pleased to announce that it has purchased, or has contracts in place for the acquisition of, all properties required under the planning permission for the development of its world class Hemerdon tungsten and tin project in the southwest of England.

This represents another key milestone in the development timeline for the Hemerdon project.

Wolf Minerals issued Class A Environmental permit for Hemerdon Tungsten Project

• Mining Waste Facility Environmental Permit granted by Environment Agency.
• Award of permit a major milestone for project and a prerequisite to commencing construction.
• Construction scheduled to commence January 2014.

Board Changes

Hemerdon Tungsten Project Pre-Construction Update

· Review of capital and operating costs
· Forecast tungsten prices have strengthened
· EPC contractor to commence project construction this month

Specialty metals development company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) (Wolf, the Company) is pleased to provide the following update on recent and planned activities at its world class Hemerdon Tungsten and Tin Project (Project) in the southwest of England.

Project Milestones
On 16 May, 2011, the Company announced the results of its Definitive Feasibility Study (DFS) for the Hemerdon Project.

Since completing the DFS, Wolf has successfully advanced the project to now being 'construction-ready', with the following key milestones achieved in recent months:

Financing
· A US$75 million Bridge Finance Facility secured from major shareholder, Resource Capital Funds, to commence design and construction work;
· Senior Project Finance Facilities of £75 million from ING, Unicredit and CAT Financial are in place;

Operational
· £75 million fixed price, fixed term EPC contract awarded to GR Engineering Services (ASX: GNG) for the design and construction of the process plant;
· £85 million Mining Services contract awarded to CA Blackwell Ltd to mine the open pit and build the mine waste facility;
· All major permits to proceed with development have been received; and
· The properties to be acquired as a condition of the Planning Permission have all been purchased.

Wolf is now finalising the arrangements to complete project funding in parallel with project site activities.

Project Timetable
The Project remains on schedule to commence earthworks this month with construction scheduled to commence during Q2 2014. First production is timetabled for the second half of 2015.

An indicative timeline of activity through to production is available in an updated presentation, on the Company's website.

Capital Costs
Since announcing the positive results of the DFS in May 2011, detailed design for the Project has been undertaken. The capital costs for a 3 million tonne per annum project have been updated to reflect this detailed design work and to account for any variance in costs in the period of time since the initial costs were estimated in the DFS.


more...

Will come right in the end....just have to sit tight on this one...

Worth a read - Tungsten miner hardens big plans in Devon

Numis Buy 20.75 20.75 - 30.00 Initiates/Starts

skin worth a punt, no stamp duty and isable

I've been in since last June.

FT video should generate some investor interest especially in Devon now that the mine is under construction.

RF - can you put a chart in the header.

Quarterly Report

Highlights from the December quarter include:

✓ Pre-construction update at Hemerdon Project, subsequent to quarter end

o Capital and operating costs updated
o Tungsten price forecast to strengthen
o Project is 'construction-ready' - construction to begin in February.

✓ Class A Mining Environmental Waste Permit granted for Hemerdon Project.

✓ Completion of property acquisitions required for development of project.

✓ Russell Clark appointed Managing Director.

✓Nick Clarke appointed to board as Non-executive Director, subsequent to quarter end.

NOTE:
A Metric Tonne Unit (mtu) is equal to ten kilograms and is the standard weight measure of the tungsten trade.


Pre-construction update provided for Hemerdon Tungsten-Tin Project

Subsequent to the quarter (ASX announcement, 20 January 2014) the Company provided a pre-construction update covering recent and planned activities at its world class Hemerdon tungsten and tin project in Devon, in the southwest of England.

Highlights of this update are provided below;

Project Milestones
· In May 2011, Wolf announced results of its Definitive Feasibility Study (DFS) for the Hemerdon Project and has now advanced the project to being 'construction-ready', with the following key milestones achieved in recent months:
o A US$75 million Bridge Finance Facility secured from major shareholder, Resource Capital Funds, to commence design and construction work;
o Senior Project Finance Facilities of £75 million from ING, Unicredit and CAT Financial established;
o £75 million fixed price, fixed term EPC contract awarded to GR Engineering Services (ASX: GNG) for the design and construction of the process plant;
o £85 million Mining Services contract awarded to CA Blackwell Ltd to mine the open pit and build the mine waste facility;
o All major permits to proceed with development have been received, and all properties required to be acquired as a condition of the project's Planning Permission have been purchased.

Project Timetable
· The Project remains on schedule to commence earthworks next month with construction scheduled to commence during Q2 2014.

Capital Costs
· Since announcing the positive results of the DFS, detailed design for the project has been undertaken and capital costs have been updated to reflect this work and to account for any variance in costs in the period of time since the initial costs were estimated in the DFS.
· The updated capital cost of the project is £123.2 million of which £106.7 million remained as at 1 December 2013.

Operating Costs
· As previously reported, the Company has appointed a mining contractor, an EPC contractor and has also recruited a local management team. With these key components now in place, the Project's operating costs have also been updated from those reported in the DFS to reflect current costings.
· The updated average C1 cash cost for the operation is US$109 per mtu tungsten (mtu = metric tonne unit = 10kg) net of by-products.

Financing
· The US$75 million Bridge Finance Facility is due to repaid by 7 June 2014 and first draw-down of the £75 million Senior Project Finance Facilities is subject to completion of conditions precedent (many of which have been satisfied) customary for a financing of this nature, including repayment of the Bridge Finance Facility.
· Wolf is now finalising the arrangements to complete project funding in parallel with project site activities.

Tungsten Market
· The Tungsten market has strengthened since the release of the DFS in 2011, with the current price range of US$370 - 390 per mtu. As announced on 20 January 2014, the Company commissioned an independent review of forecast tungsten prices with the following results:


more..

Sorry Skinny...my IT skills are very limited....

Rf just go to your first post and edit, copy and paste a 520 size chart code using the link button in edit.

I'll try over the weekend when I have more time....I can't promise anything because I've tried to do this before with another stock without success...

Make the chart look the way you want it, click paste chart to bulletin board, highlight ALL text from beginning to end and copy. Go to your fist post, click edit, where you wrote your post, click where you finished writing to put a cursor flashing, hit return button to lower it to next line. Click the chain link button at top, in the first box click once only making the http blue, then right click and paste your chart code in, click ok. 2nd box just click ok, this is where you would put a title if needed. check that it all works in preview, then post if all ok. BB

RF - if you copy and paste the following, it should work (sorry about the page wrap)

<img src="http://charts.moneyam.com/Chart.aspx?Provider=EODIntra&Code=WLFE&Size=900&Skin=BlackBlue&Type=3&Scale=0&Cycle=DAY1&Span=MONTH9&OVER=MA(13);MA(50);MA(200)&IND=MACD(26,12,9);RSI(14);VOLMA(60)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=" />

Investec Buy 22.38 28.00 28.00 Reiterates

I'll have a go tomorrow Skinny...not very good on that line of work...this (the sp) should get going this year...

Also see post 66 RF

Ok, if you copy the 2 lines in post 67 and paste them into your header, you will get this, but as BB says - pick your own chart if you want.

OK...will try....it'll be a miracle if I manage this...

He who dares Rodney, he who dares...

Think you mean Dave don't you skin.,.

Up 4% on good volume.

Numis Buy 26.38 30.00 30.00 Reiterates

Up again today, but maybe a tad over bought?

Finance News Network interview

Wolf Minerals
Finance News Network interview with Managing Director Russell Clark


Specialty metals development company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) (Wolf, the Company) is pleased to announce that the Company's Managing Director,
Mr Russell Clark was this week interviewed by Finance News Network.

The interview provided an update on recent and planned activities at the Company's world class Hemerdon Tungsten and Tin Project in the southwest of England.

The interview can be viewed on the Wolf Minerals Company website, and a transcript of the interview is attached to this announcement.

ENDS

Half Yearly Report

On the up again and no longer looking over bought.

May explain the last 2 days weakness.

ASX Trading Halt

Specialty metals exploration and development company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) ("Wolf", or the "Company") announces that the securities of the Company have been placed in a trading halt on the Australian Securities Exchange ("ASX"). The trading halt was granted by the ASX at the Company's request in accordance with the ASX Listing Rules, in order to allow a proposed capital raise to take place. The Company anticipates the trading halt on the ASX will remain in place until the earlier of such time it makes an announcement to the market in relation to the outcome of the proposed capital raise, or the commencement of trading on 14 March 2014. The Company's ordinary shares are expected to continue to trade on AIM during this period.

It is intended that Wolf's major shareholders, Resource Capital Funds V L.P. and TTI (NZ) Limited, will participate in the proposed capital raising.

A further announcement will be made in due course.

ASX Voluntary Suspension

Further to the announcement of 12 March 2014, specialty metals exploration and development company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) ("Wolf", or the "Company") announces that the securities of the Company have been placed in a voluntary suspension on the Australian Securities Exchange ("ASX") pending the release of an announcement regarding the proposed capital raising.

The suspension was granted by the ASX at the Company's request in accordance with the ASX Listing Rules, in order to allow a proposed capital raise to be finalised. The Company anticipates the suspension on the ASX will remain in place until the earlier of such time it makes an announcement to the market in relation to the outcome of the proposed capital raise, or the commencement of trading on 18 March 2014. The Company's ordinary shares are expected to continue to trade on AIM during this period.

A further announcement will be made in due course.

RNS Number : 5453C

Wolf Minerals Limited

18 March 2014

18 March 2014

Wolf Minerals Limited

Update on ASX Voluntary Suspension

Further to the Australian Securities Exchange ("ASX") voluntary suspension request of 14 March 2014, specialty metals development company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) ("Wolf", the "Company") advises it is finalising the documentation for an announcement regarding the proposed capital raising and it is now anticipated that an announcement will be made prior to the commencement of normal trading on the ASX on Wednesday 19 March 2014. The Company's ordinary shares continue to trade on AIM during this period.

A further announcement will be made in due course.

GBP99.2m Fundraise for Tungsten-Tin Project

Looking more positive.

Notice of General Meeting


Wolf Minerals Limited (ASX: WLF, AIM: WLFE) ("Wolf", the "Company") is pleased to announce that, pursuant to the Fundraise announced on 18 March 2014, it has today sent to shareholders amongst other things a Notice of General Meeting incorporating an explanatory statement and independent expert's report. The General Meeting is being convened at 10.00 a.m. Western Standard Time on 13 May 2014 at The Celtic Club, 48 Ord Street, West Perth, WA 6005, Australia.

The purpose of the General Meeting is to approve the Fundraise and, inter alia, approve the issue of shares to Resource Capital Fund V L.P. and TTI (NZ) Limited.

Copies of the General Meeting notice are now available on the Company's website, www.wolfminerals.com.au.

Numis Buy 17.13 17.13 - 23.00 Reiterates

Hemerdon Tungsten Project Construction Update

Specialty metals exploration and development company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) ("Wolf" or "the Company") is pleased to provide an update on construction at its world class Hemerdon tungsten and tin project in Devon, in southwest England, following the successful completion of its £99.2m fundraise last week.

The project's Engineering-Procurement-Construction (EPC) contractor, GR Engineering Services Limited (ASX: GNG) (GRES), was formally authorised to commence the construction phase of the project in February, and a Ground Breaking ceremony was held at the project in March to mark the commencement of the project.

Wolf now advises that construction is well underway and is progressing on schedule. GRES is currently scheduled to finish the plant and hand it over to Wolf in the third quarter of 2015.

The Company's project management team, led by Project Manager Rupert McCracken and Operations Manager Jeff Harrison, is in place and there are currently more than 100 people working at the site.

The initial phase of construction activity at the project has been site preparation, which is now almost complete. Earthworks at the processing plant site are almost complete, and the site is being cleared and old plant infrastructure is being demolished. It is anticipated that that the site will be totally cleared by early June 2014. The first concrete pour for the project's processing plant took place in late May.

Wolf has also commenced an extensive tree-planting program at the Hemerdon site with over 40,000 trees planted.

The Company is currently working to complete construction of the mine access road, and the mine haul road, which will facilitate haulage of waste from the mine's open pit to the project's waste facility.

Construction of the project's mine waste facility is expected to commence in the near future. This will be one of the key components of the project and is one of the major undertakings in the project's construction phase.

Change of Advisor

Appendix 3B

Admission of Shares and Total Voting Rights

Work starts on £130m Devon tungsten mine

Wolf Minerals sees strong demand for tungsten as brings Devon project into production

A mention here @13:50 minutes in, and Jasper Carrot thrown in!

Managing Director Remuneration Arrangements

Quarterly Activities Report

Highlights from the June 2014 Quarter include:

Hemerdon

· Successful completion of A$182.7 million Fundraise and Share Purchase Plan to finalise funding of the Project through to positive cash flow.

· Construction progressing well - on track and on budget. Site clearing and haul road completed with structural concrete placement well advanced.

· Development expenditure of A$24.9 million for the quarter.

· Drilling of six diamond drill holes to provide geotechnical information to review pit slopes with intention to steepen slopes and increase ore reserves underway.


Corporate

· Numis Securities appointed as new nominated adviser and broker for its AIM listing.


Appendix 5B

Publication of Updated Corporate Investor Presentation

Annual Report

Highlights for the year include:


· On track to deliver first new metal mine in UK for over 40 years.

· Successful completion of A$182.7 million Fundraise and Share Purchase Plan to finalise funding of the Project through to positive cash flow.

· Construction progressing well - on budget and on schedule. Site clearing and haul road completed with structural concrete placement well advanced.

· Drilling underway of six diamond drill holes to provide geotechnical information to review pit slopes with intention to steepen slopes and increase ore reserves.

· Drakelands Mine on schedule to commence production by Q3 2015.

· Appointment of Russell Clark as Managing Director.

· Appointment of Ronnie Beevor and Nick Clarke as independent directors.

Wolf Minerals to Draw Down £75M Senior Debt Finance Facilities

finnCap Buy 16.13 15.75 - 22.00 Initiates/Starts

Publication of Updated Corporate Investor Presentation

Specialty metals exploration and development company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) (Wolf, the Company) is pleased to announce that an updated corporate presentation is now available for download from the Company's website, www.wolfminerals.com.au.

Why is the price so low ?

Russell Clark, MD, Wolf Minerals discusses the recent company activity with BRR Media.

Click here

I know about the activity , but why is the price so low ?

because hard commodity prices in general are getting whacked, primarily through overproduction and chinese demand softening

yes but they are not producing yet

There was a good interview on Tip TV

This one?

Interview about Wolf Minerals – Russell Clark – CEO – Wolf Minerals - 03-10-2014

Announcement of Q1 results and Investor Conference Call

Specialty metals exploration and development company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) (Wolf, the Company) intends to announce its Q1 results on 27th October. A live conference call for analysts and investors will be held on 10th November at 09.00am GMT to provide the latest update on the Company and answer questions.

To participate in this conference call and access full features, such as the presentation slides, please log on to www.meetingzone.com and use participants' PIN to log in: 3513676.

A copy of the presentation will also be available from the Company's website www.wolfminerals.co.au

To dial in via telephone please dial: for standard international access +44 (0) 20 3003 2666, UK toll free 0808 109 0700, Australia toll Free 1 800 681 584. Telephone operators will ask participants to provide a password, which is Wolf Minerals.

This will come right and hey ! it's a world class British mine !.....I bought too soon but I'm not giving up on them !.....as the world economies improve : the steel demand will as well.....patience....

Rf

Can you put a chart with the share price and tungsten price on the same chart to the header of the thread ?

Publication of Updated Corporate Presentation

Moving up fast this morning

Seems there is money to be made even in these markets for Tungsten

Broker Notes

Northland Capital rates W Resources (WRES) as a "buy" after the tungsten miner exceeded 470,000 (371,000 pounds) in monthly revenues for the first time in October and September production significantly exceeded the broker's forecasts. The firm is planning to increase efficiency via investment in electrostatic separators and is currently assessing options for producing tin concentrate from the start of 2015. The shares rose by 0.95p to 0.62p.

http://www.dailymail.co.uk/money/investing/article-2798458/midas-share-tips-update-wolf-leaps-backers-dig-deep-start-tungsten-project.html

Quarterly Activities Report
For the three months ending 30 September 2014

Specialty metals development company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) ("Wolf", "the Company") is pleased to provide the following update on the Hemerdon tungsten and tin project ("the Project") in Devon, UK, for the three month period to 30 September 2014.

Highlights for the September 2014 Quarter in relation to the Project include:

ü Commenced drawdown of £75 million in senior debt facilities finance facilities.

ü Construction remains on track and on budget.

ü Development expenditure for of A$61.7 million for the quarter.

ü Geotechnical diamond drill program advanced.

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

http://www.infomine.com/investment/metal-prices/ferro-tungsten/6-month/

http://www.infomine.com/investment/metal-prices/ferro-tungsten/1-month/

Bid price inched up to 15p on the last trade

Posted by Katie Priceless on another bb
5 Nov'14 - 22:57 - 1118 of 1118 0 0 edit

LSE marked it as a sell., they go by the spread so could be a buy,but not likely

05-Nov-14 thats funny on streaming trades its 14 bid 16 offer, like it was a crossover
16:40:48
15.00
100,000
Sell*

Also a 250,000 trade marked as a unknown at 16:34

If they are sells , its what holding the price back ?

Investor Conference Call





As previously announced Wolf Minerals will be holding a conference call to update analysts and investors today at 09:00 GMT.

To participate in this conference call and access full features, such as the presentation slides, please log on to www.meetingzone.com/presenter?partCEC=3513676 and use the participants' PIN to log in: 3513676.

To dial in via telephone please dial 0808 109 0700 (UK toll free); 1 800 681 584 (Australia toll free) or +44 (0) 20 3003 2666 (if you are dialling from outside the UK). Telephone operators will ask participants to provide a password, which is Wolf Minerals.

If you are unable to listen to the live call, it will be archived for up to 7 days on Wolf Minerals' website. To access the replay function dial +44 (0) 208 196 1998 followed by the Pin: 3513676#

Wolf Minerals' Managing Director, Russell Clark, will be hosting the call followed by a discussion of previously submitted questions.

In Share Mag awhile back.

"TUNGSTEN
The tungsten price is presently in a falling trend and that's certainly left some of the UK quotes stocks in the doldrums, particularly Wolf Minerals (WLFE:AIM). It has a tungsten project in Devon but investors will have to wait until mid 2015 before the mine is built. Wolf's house broker Numis believes the tungsten price will start to show proper improvement in 2016, averaging $438 per tonne. It is presently trading at $345 per tonne."

Mines and Money 1-5 December 2014


Specialty metals exploration and development company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) (Wolf, the Company) will be presenting at the 2014 Mines and Money Conference in London on Monday 1 December 2014 at 15.50pm (UK time).

The conference is being held at Business Design Centre, 52 Upper Street, Islington, N1 0HQ, London.

The Company will be located at booth J13 on the conference floor and the management team will be available for the duration of the conference from 1-5 December.

If you would like to arrange a meeting with the Wolf management team at the Mines and Money Conference, please contact Ed Treadwell at e.treadwell@newgatethreadneedle.com or +0207 653 9840.

I love the rookie website with the Joomla favicon...!!

.

Shortie - its Aussie! :-))

http://www.hub-4.com/news/s2/8136/horizon-conveyor-equipment-digs-deep-for-new-tungsten-mine-contract

Result of AGM

“For us, as a junior company taking over a brownfield site that had been extensively explored by AMAX in the 1980s, it meant we drilled six holes instead of 160 holes,” said Russell Clark, managing director of Wolf Minerals (ASX:WLF).

Wolf Minerals operates the Hemerdon project in Southwest England on a site that has a history of tungsten mining dating back to 1897. It was mined during both world wars and was eventually discontinued due to the collapse in the tungsten market. Now it’s on pace to achieve production in the third quarter of 2015.

The cost-effective approach also helped Margaux Resources (TSXV:MRL) when it was examining its Jersey-Emerald project in British Columbia.

“We looked at historic production and if it played into what could be there,” said Tyler Rice, president of Margaux Resources. “The biggest benefit of a past-producing project is the amount of infrastructure there.”

Rice echoed Clark’s viewpoint on affordability and added that his company was able to move faster when starting up its project.

Keeping investors knowledgeable

Clark said his company used historical data not for marketing purposes, but to better understand the property and establish whether it was a good use of time to work on it. He said he warns investors that much of the tungsten on the property will stay in the ground due to technological difficulties in accessing the ore.

“It’s easy for me to say we’ve got the third-biggest resource on the planet, and it sounds very good from a marketing perspective, but it’s important people understand that most of [the tungsten] will stay there,” he said.

Furthermore, in both cases, the companies were able to speak to people who had worked on the property to help gain a better understanding. Rice said Margaux was able to bring Edward Lawrence, who had been involved with the property for more than 20 years, on the board because of his wealth of experience and knowledge.

Completion of Drilling at Hemerdon

Wolf Minerals Completes Geotechnical Drilling at Hemerdon Tungsten-Tin Project

· Initial results suggest potential for steeper pit walls, increased reserves and longer mine life.

· Potential to increase ore reserves by 15 - 23% within existing planning permission.

Specialty metals development company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) ("Wolf" or "the Company") is pleased to announce that it has completed a six hole diamond drilling campaign at the Company's world class Hemerdon tungsten and tin project ("the Project") in Devon, in southwest England.

The drilling programme completed a total of 1,140 metres around the perimeter of the Hemerdon open pit, and was designed to provide additional geotechnical information to optimize the slope angles for the open pit.

The drilling results indicate that an additional 4 to 6 million tonnes of ore may be available to be mined from the project and that there is the potential to increase ore reserves by 15 to 23%, as a result of steepening the open pit walls and broadening the open pit perimeter within the existing planning permission.

Subject to a change in the planning permission's open pit boundary, to allow access to the Southern Extension, there may also be the potential to increase the ore reserves further.

The majority of previous drilling undertaken at the site concentrated on the ore body, rather than the surrounding waste rock. As a result, pit slope angles were conservatively designed at between 35° and 44°, with flatter slopes near the surface reflecting weathered rock conditions.

SLR Consultants supervised the drilling programme and assessed the geotechnical qualities of the rock in the perimeter of the open pit. Preliminary interpretation of the drilling results is positive and points to increased pit slope angles and ore reserves.

Following the completion of the drilling and geotechnical analysis, pit optimisation and design will now be undertaken using the revised slope parameters, which will lead on to the ore reserves being revised. This work is expected to be completed in January 2015.

Commenting on the drilling programme and analysis, Wolf Managing Director, Russell Clark, said:

"This programme was made possible through the funding received from the equity raise earlier this year and has been designed to add value through increasing reserves, mine life and therefore revenue. Initial analysis suggests this could be the case, and we will now undertake detailed design work and reserve re-estimation. We expect this work to be completed in January 2015. In the meantime we continue to focus on the construction of the processing plant and remain on budget and on schedule to be producing in the third quarter of 2015. We are also examining the potential for mining the "Southern Extension" of the ore body, which currently lies outside the planning permission boundary, and see great potential to extend the mine life even further as a result."
ENDS

And the share price moves up a tad

Still time to attend


Mines and Money 1-5 December 2014





Specialty metals exploration and development company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) (Wolf, the Company) will be presenting at the 2014 Mines and Money Conference in London on 01 December from 15:40 to 17:00 at Stream A, Gallery Hall, Second Floor.



The conference is being held at Business Design Centre, 52 Upper Street, Islington, N1 0HQ, London.



The Company will be located at booth J13 on the conference floor and the management team will be available for the duration of the conference from 1-5 December.



If you would like to arrange a meeting with the Wolf management team at the Mines and Money Conference, please contact Ed Treadwell at e.treadwell@newgatethreadneedle.com or 0207 653 9840.







For further details, please contact:

Wolf Minerals Limited

Russell Clark/Richard Lucas


+61 8 6364 3776

Numis Securities

John Prior/James Black/Paul Gillam


+44 (0) 20 7260 1000

http://minesite.com/2014/12/04/wolf-minerals-will-be-in-production-by-summer-and-making-comfortable-margin/

surely the tungsten market/demand is also depressed, though of course it will pick up eventually

cynic

The depressed tungsten market/demand is in the share price

http://tungsteninvestingnews.com/

Wolf Minerals Awards Assay Laboratory Contract

Supply Contract

Quarterly Activities Report For the three months ending 31 December 2014

Specialty metals development company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) ("Wolf" or "the Company") is pleased to provide the following update on its Drakelands open pit mine ("Drakelands") currently being constructed at the Company's world class Hemerdon tungsten and tin project ("the Project") in Devon, southwest England, for the three month period to 31 December 2014.

Highlights for the December 2014 quarter include:

ü Construction of Project 67% complete as at quarter end.

ü Construction remains on track and fully funded with dry commissioning scheduled to commence in March 2015, and production expected Q3, 2015.

ü Development expenditure of A$50.3 million for the quarter.

ü Geotechnical diamond drill programme completed with potential to increase ore reserves by 15% to 23% within existing planning permission.

ü Laboratory Services and Power Supply contracts awarded for the Project.


more....

http://www.wolfminerals.com.au/hemerdon-tungsten-and-tin-project/live-stream

Impressive !...been stuck in this for some time now...but will hang on for better times...

Better times are here RF , up 16% this morning

up on the basis of what (and small volume)?
i think long term that the company does indeed have prospects, and i am sure the cornish locals hope so

The mine is in Devon cynic :-)

chuckle chuckle chuckle
well with a name like kernow, you must assuredly know!
for some reason i always though it was cornwall, but confess it's not a share i have ever followed though i know about it

that said, though the piskies hate to be told, devon isn't a million miles away

Not holding myself either although I do see the mine on the skyline from time to time - very impressive construction activity but I have too many jam tomorrow shares already. Perhaps when the ore starts to flow....
PS Devonians put cream on their scones first which makes them aliens.

cynic

Up 21% , up mainly on the basis of the end of a seller drip feeding 100,000 to 150,000 nearly every day for the past few months

kernow

Clotted cream

Didn't know there was any other sort when I was a kid. I still think anything else is just creamy milk :-)

Publication of Updated Corporate Investor Presentation

Now firmly in the money.

Interim Financial Report

Highlights for the half year include:

· On track to deliver the first new metal mine in Great Britain for over 45 years.

· The progress of the Hemerdon Project (the "Project") as at the half year was 67% complete and also on schedule and within budget. The EPC contractor expects to commence dry commissioning of the plant in March 2015.

o The EPC Contractor hand over to Wolf Minerals is scheduled for Q3 2015.

o At the half year all structural concrete pours were complete with structural steel erection being 44% complete. As the date of this release the structural steel erection is now 80% complete.

· The Mine Waste Facility is on track to be finished by the scheduled plant commissioning.

o During construction of the Mine Waste Facility 100,000 tonnes of ore has been extracted and stockpiled, forming the basis of the initial feed to the processing plant.

· A geotechnical diamond drilling programme to assess the feasibility of extending the mine life through steepening the mine walls and thereby enabling a deeper pit has concluded. With the potential to increase ore reserves by between 15% to 23% this possible extension would occur within the existing planning permission boundary.

· Commencement of the draw down of £75m million in senior debt facilities following Wolf Minerals satisfying all necessary conditions. As at the date of this release 50% of the debt facilities have been drawn.

· The Assay Laboratory contract for the Project was finalised and awarded to SGS. The Power Supply contract for the Project to DONG Energy was awarded in early January 2015.

· Recruitment of key personnel is on track.

Commenting on the interim results, Wolf Managing Director, Russell Clark said:

"I am delighted to be able to report on the significant progress we made in the first half of the current financial year and which has continued into the second half. The Hemerdon Project is progressing well and is on schedule for dry commissioning in March 2015 with 100% of the equipment having been delivered and 80% of the structural steel erection complete since the period end. Additionally, we have completed the drilling programme undertaken to assess the opportunity, within the existing planning permission boundary, to steepen the mine walls and thereby increase the reserves and extend the mine life. The Company will report on the results of the drilling programme in due course. Based on the progress we have made so far the Board remains confident of delivering a tungsten producing mine on schedule and on budget."

ENDS

Site Visit to Drakelands Mine


Specialty metals development company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) ("Wolf", "the Company"), is pleased to announce that it is hosting a site visit to its Drakelands Mine in Plymouth, South West England, on Thursday 12 March.

The site visit is being attended by sell-side analysts, institutional investors and press. The visit will include a presentation by MD Russell Clark which will outline the work completed at the mine so far and the project timeline leading up to production in Q3 2015. No new material information will be released.

The Wolf Minerals presentation is available on the company's website: www.wolfminerals.com.



ENDS

Link to video in today's FT

Link to the article - Wolf Minerals’ tungsten mine to start production in Devon

Coming right at long last !....sat through the bad times....

Same here.

Wolf Minerals Receives Temporary Go Ahead for Seven Day Working at Drakelands Mine

Devon County Council has given the go ahead to an increase in the primary crusher's operating hours, providing the opportunity for increased production and improved metal recoveries.

Specialty metals development company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) ("Wolf" or "the Company") is pleased to announce that Devon County Council ("DCC") will temporarily allow the primary crusher on the Drakelands open pit mine ("Drakelands") at the Company's world class Hemerdon tungsten and tin project ("the Project") in Devon, southwest England, to work 24 hours a day, seven days a week. Previously the primary crusher was restricted to running for only five and a half days a week.

Construction of the Drakelands mine is nearing completion and this change in working hours will take the form of a six month trial, allowing Wolf to demonstrate that it can operate within and comply with the required noise limits at all times of the day and night.

The trial will commence when ore crushing starts and will provide Wolf with the opportunity to commission the plant and ramp up production at the new Drakelands mine without weekly interruptions. If successful, Wolf will apply to make the change permanent.

The go-ahead follows extensive community consultation and support from Sparkwell Parish Council which voted unanimously not to object to the proposed change.

Commenting on the trial, Wolf Managing Director, Russell Clark, said:

"This is welcome news. Commissioning is always challenging and it will be considerably easier if we don't need to schedule downtime every weekend for a day and a half. The processing plant will run far more efficiently working steady state and we can schedule maintenance periods when we need them rather than when the plant has been turned off as part of a planning permission requirement."

"We recognise that this change comes with a responsibility on our part to continue to meet the environmental conditions regarding noise specifically, and we are particularly appreciative of the local community for trusting us to fulfil our obligations. We aim to demonstrate that we can do just that."

"We remain on schedule for handover of the plant in August 2015, and remain fully funded through to positive cash flow. This is a very exciting stage in the Project's development and we recognise the valuable support from DCC and the community in making this a successful start-up."

ENDS

Wolf Minerals Announces 34% Increase in Ore Reserves at Hemerdon Tungsten and Tin Project

Wolf Minerals Releases New Corporate Video

To view the video please visit our home page at www.wolfminerals.com.au

Publication of Updated Corporate Investor Presentation

Specialty metals development company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) ("Wolf" or "the Company") is pleased to announce that an updated corporate presentation is now available for download from the Company's website, www.wolfminerals.com.au .

Numis Add 22.00 22.00 23.00 Reiterates

I sold these to soon should have had a trailing stop in place , bought back this morning now waiting for new's of the mine opening

Doing well......not the time to sell....

Won't be long now for the mine opening , which will give the share price a boost.

Cleansing Notice Letter to ASX

Numis Buy 19.88 19.50 23.00 23.00 Upgrades

WLFE ISO 14001 Certification for Environmental Systems

Quarterly Activities Report

Highlights for the March 2015 quarter include:

ü Construction of Project 85% complete as at quarter end.

ü Construction remains on schedule and fully funded with commissioning commenced, and initial production expected Q3, 2015 for on time delivery to offtakers.

ü Initial grade control drilling programme completed with results aligning with ore reserve definition drilling.

ü Development expenditure of A$24.4 million for the quarter.

ü Ore reserves increased by 34% within existing planning permission.

ü Temporary go-ahead for 24 hours a day-seven day working at Drakelands Mine received from Devon County Council.

ü Major investor, Resource Capital Funds V L.P. ("RCF") demonstrates continued support by exercising options.

For the Wolf sp .......We need a push.....

Publication of Updated Corporate Investor Presentation


Specialty metals development company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) ("Wolf" or "the Company") is pleased to announce that an updated corporate presentation is now available for download from the Company's website, www.wolfminerals.com.au .

Wolf Minerals Appoints General Manager - Business Development

Specialty metals development company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) ("Wolf" or "the Company") is pleased to announce the appointment of Ms Emma Hall as its General Manager, Business Development.

This newly created role, based in Wolf's Perth headquarters in Western Australia, will focus on:

· Managing arrangements with existing offtake partners Global Tungsten and Powders (GTP) and Wolfram Bergbau und Hutten (WBH) for tungsten concentrate, and Traxys for tin concentrate, and maximizing shareholder value from the sale of excess concentrate production;

· Assessing merger and acquisition opportunities in the specialty metals sector, with a view to Wolf expanding beyond a single asset company; and

· Assisting the Managing Director in marketing the Company on both the ASX and AIM markets.

Prior to joining Wolf, Ms Hall worked in the specialty metals sector for five years with the world's largest lithium producer as Executive Director Corporate, where she led corporate strategy, global marketing and sales, and the development of new growth initiatives. Ms Hall has also worked in investment banking in Sydney and London with Rothschild and Merrill Lynch and has undergraduate degrees in law and commerce from the University of Western Australia and a Master of Finance from Macquarie University.

Commenting on the appointment, Managing Director of Wolf Minerals, Russell Clark, said

"Emma's skillset and extensive experience in specialty metals and investment banking will help ensure that Wolf maximises the potential of the Hemerdon project. We will also be well positioned for opportunities that arise in the specialty metals mining space that can take us beyond being a single asset company."

FinnCap Buy 18.13 18.13 22.00 23.00 Reiterates

Hasn't moved the share price , need start to production and Tungstan price to move up fast

LONDON, May 6 (Reuters) – Expectations of collapsing tungsten prices after China abolished export taxes are likely to be dashed as the country's officials have found another way to limit shipments, Russell Clark, managing director at mining firm Wolf Minerals, told Reuters.

A World Trade Organization ruling last year said China's export duties imposed on rare earths, tungsten and molybdenum, were incompatible with the country's WTO obligations. China has abolished those levies effective May 1.

But China has also amended the resource tax so that, again from May 1, it applies to sales value instead of the amounts produced. The resource tax on tungsten is set at 6.5 percent ... .

"The thinking was that China would find another way to maintain the status quo and it has," Clark said in a telephone interview. "There isn't going to really be any impact on tungsten prices from China abolishing export taxes." China is estimated to supply some 80 percent of global consumption, currently seen at about 100,000 tonnes a year.

Tungsten has a high melting point and a hardness close to that of diamonds. It is a key ingredient in hard metals used for industrial drilling and cutting tools. It is also used in electronics and speciality steels.

Tungsten is made from tungstate APT , currently sold at around $250 per 10 kg and expected to rise to $350 over the next year, due to restocking and stronger demand, Clark said.

"For the last 10 years, demand growth for tungsten has exceeded world GDP growth by 1 percent," he said.

"The world needs more tungsten to make more washing machines, marble bench tops, aeroplanes, vibrators in mobile phones and ballpoint pens." The International Monetary Fund last month estimated world gross domestic product growth for this year at 3.5 percent and 3.8 percent for 2016.

Wolf Minerals is listed in London and Sydney . The company is developing a tungsten mine in Britain – the Hemerdon project.

The mine is due to start producing wolframite ore, used to make tungstate APT, mid-2015.

Hemerdon is the only new tungsten project under construction, Clark said. It is expected to produce about 3.5 percent of forecast world demand next year.

(Editing by Dale Hudson) ((pratima.desai@thomsonreuters.com; +44 207 542 5113;)

Keywords: WOLF MINERALS TUNGSTEN/PRICES

© Thomson Reuters Limited. Click for restrictions

https://www.youtube.com/watch?v=zujLfIrisSw

CyprusSteve 16 Jun'15 - 23:04 - 1277 of 1280 0 0

hTTps://www.patersonsam.com.au/publication/resources-reviews/tin-and-tungsten-sectors/download

This is the only way I could find to send a link to what appears to me a comprehensive, and balanced, overview of the tin and tungsten market, plus its relevance to WLFE.
I hope this may be of interest.
Regards
Steve
PS - I simply take the view that any Company that is coming into maiden production and becoming cash / profit generative is a fairly rare beast on AIM.-, with always the possibility of improved resources although clearly unknown:
From the recent presentation – hTTp://www.wolfminerals.com.au/IRM/Company/ShowPage.aspx/PDFs/1667-10000000/WolfInvestorPresentationAustralia29April20
“Tungsten offtake agreements with two of world’s largest end-users.
• Significant potential to increase production and mine life - 6 month trial of 24/7
operation given the go ahead in March 2015.
• Tungsten price forecast to strengthen”
I am surmising that a divi will be payable at some time – maybe two years away.
Ciao,
Steve

.

hTTps://www.patersonsam.com.au/publication/resources-reviews/tin-and-tungsten-sectors/download

Wet Commissioning Process Underway at Hemerdon Tungsten and Tin Project

Specialty metals development company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) ("Wolf" or "the Company") is pleased to announce that it has commenced ore processing as part of the wet commissioning of the processing plant at its Hemerdon tungsten and tin project in Devon, UK.

Key points

· First ore has been fed into the processing plant, a significant step in the wet commissioning programme.

· GR Engineering will continue commissioning with Wolf, with plant handover scheduled for August 2015.

· Wolf remains on schedule to deliver initial concentrates to customers in Q3, 2015.

The introduction of the first ore into the plant was on schedule following the completion of construction of the processing plant and associated infrastructure.

This represents a major milestone in the development timeline of the Hemerdon project, and ensures that the Company's goal of delivering the first new metal mine in Great Britain for 45 years will shortly become a reality.

Anyone else playing?

finnCap Buy 20.13 22.00 23.00 Reiterates

I am , but only bought back in again at 20p , they haven't put a foot wrong yet [ the management ] , icing on the cake will be a higher Tungstan price

One of the few investments I can keep a physical eye on. The local involvement and approval is almost unique given the big visible presence the site has and so close to Dartmoor also.

"MIDAS SHARE TIPS UPDATE: Wolf shares bounce back as tungsten mine moves closer to production

Publication of Updated Corporate Investor Presentation


Specialty metals development company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) ("Wolf" or "the Company") is pleased to announce that an updated corporate presentation is now available for download from the Company's website, www.wolfminerals.com.au .

The Company also has two "live" cameras viewing the site. To view the live streaming at the project site please visit:

http://www.wolfminerals.com.au/irm/content/live-streaming-video.aspx?RID=326

Wolf Minerals broker hustings in the Old Dart
Post Wed Jul 01, 2015 8:41 pm
We credit Wolf Minerals for doing what no one in Britain has managed for 45 years and we’re not talking about abolishing the monarchy.

Wolf was on the broker hustings in the Old Dart last night having last week commissioned its $250 million Hemerdon tungsten mine in Devon — a right royal effort in such a torrid market.

First customer deliveries of the strategic metal are due in the September quarter.

A well as being the first new metals mine in the Old Dart for more than four decades, Hemerdon becomes a source of new supply in the tight Chinese-dominated tungsten market.

A heavy, non-corrosive metal with a high melting point, tungsten has uses including steel alloys, drilling and the nuclear industry.

Tungsten has not been immune from the commodities pain. But at $US225-$US230 a tonne, Wolf claims a decent margin at an all-in production cost (including funding) of $US170 a tonne.

In the colonies, Carbine Tungsten hopes that Wolf’s achievement will boost investor sentiment towards its Mount Carbine project near Cairns.

Backed by $15m and an offtake agreement from Mitsubishi, Carbine has processed tailings at the mine, which operated in the 1980s.

Carbine chief Jim Morgan says the board is fielding funding offers from several US, Japanese and Chinese and is confident of a deal. The feasibility study estimated a $55m cost with an 18-month payback period, for a net present value of $160m.

The tungsten price has softened since then, but the Australian dollar has favourably risen and costs have fallen. On balance, we’ll assume the metrics haven’t changed.

“We believe the fundamentals of our project are the best of anyone’s.’’

Morgan admires what Wolf has done, but can’t help pointing out Wolf’s higher costs and more difficult locale (that is, it’s near civilisation and more disruptive).

Wolf contends Hemerdon is years ahead of any other new tungsten project. For nearby Plymouth, the mine — and the 200 jobs it creates — is the best thing since Captain Cook.

Wolf and Carbine pose the choice of an extant miner with a $330m market cap, or the up-and-comer valued at $38m.

Criterion last had Wolf and Carbine as spec buys two years ago, at 25c and 6c respectively.

Given we’re not about punishing success, we maintain the call. However, Wolf needs to overcome the bogy that the first owner of a mine tends not to be the one that makes the money.
timing40

Quarterly Activities Report

For the Three Months Ended 30 June 2015

Specialty metals company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) ("Wolf" or "the Company") is pleased to provide the following update on its recently developed Drakelands open pit mine ("Drakelands") constructed at the Company's world class Hemerdon tungsten and tin project ("the Project") in Devon, southwest England, for the three month period to 30 June 2015.

Highlights for the June 2015 quarter include:

ü No lost time incidents on site. 164 days injury free.

ü Construction completed with all key infrastructure including the processing plant, Mine Waste Facility (stage 1), laboratory, administration building, water dams and utilities ready for use.

ü Commissioning commenced on schedule, with first ore introduced to the plant in June 2015.

ü GR Engineering targeting to undertake final performance testing in August 2015 ahead of "hand over" to Wolf.

ü On track to deliver initial production to customers on schedule in September 2015.

ü Development expenditure of A$31.8 million for the quarter.

ü IS0 14001 certification for environmental management systems achieved.

ü General Manager, Business Development appointed.

more....

Publication of Updated Corporate Investor Presentation

Specialty metals development company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) ("Wolf" or "the Company") is pleased to announce that an updated corporate presentation is now available for download from the Company's website, www.wolfminerals.com.au .

The Company also has two "live" cameras viewing the site. To view the live streaming at the project site please visit:

http://www.wolfminerals.com.au/irm/content/live-streaming-video.aspx?RID=326

Plagiarised :-

IC made Wolf one of their Tips of the Week today, taking a long term view. About the cost vs tungsten price they say:-

"Wolf estimates that total costs, including debt repayment, should amount to around $170 per tonne. Although tungsten prices have fallen by about 50 per cent since it started construction at Hemerdon to an average of $243 a tonne over the three months to 30 June, there's still a decent amount of headroom. It's also worth noting that Wolf Minerals' cost-per-tonne estimates were based on a 5.5-day working week - management is now looking at trimming unit costs by pursuing a 24/7 option."

IC Link

it's fine working 24/7 if there's a market for the extra produced

the chinese are great are churning out products where the market is already saturated, and of course that just makes matters worse

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.

260k buy this am.

www.wolfminerals.com

Chairman's Letter

Dear shareholder

It's with a great sense of achievement that I write to you in this Annual Report.

The 2015 financial year has been another transformational one for Wolf Minerals Limited ("Wolf" or "the Company") and your Board is very pleased with the progress made at Wolf's core project, the Hemerdon tungsten and tin project ("the Project") where construction has been completed on schedule and within the budget.

This is a significant achievement and management is congratulated on its efforts to produce this result, and to produce it safely whilst also working successfully with the critical aspects of environmental management and community engagement.

Commissioning of the processing plant is nearing completion, with successful tungsten concentrate production achieved. The subsequent throughput test is underway and the processing plant is expected to be transferred across to Wolf in September 2015. The processing plant will now be gradually ramped to full production, expected in early 2016.

Whilst the construction of the project has been the primary focus, the Company has also been exploring ways to increase shareholder value, with two initiatives in particular achieving this aim in the last year.

In late 2014, geotechnical drilling was undertaken around the perimeter of the open pit at Drakelands, to better understand the composition of the wall rocks, with a view to steepening the pit walls and accessing more ore. The work was successful and as a result a deeper pit, with steeper walls, has been designed and the ore reserves were increased by 9.5 million tonnes or 34% - a significant increase.

The second initiative considered the operating hours that the processing plant is permitted to work under the planning permission issued in the 1980's in which operating hours were restricted to 5 1/2 days per week. Management has worked closely with the Devon County Council and the local Parish Councils and reached agreement that a 6 month trial of 7 days per week operation be undertaken, with a view to continuing this if regulatory requirements, particularly concerning noise, are met.

A 7 days per week operation will result in a better environment to commission the processing plant, where continuous operations are preferable. A continuous operation also has the potential to lift production capability of the mine by around 25% - a very significant increase that would make Drakelands one of the biggest tungsten mines in the western world.

Like many commodity markets, the tungsten market has softened during the course of the last 12 months. Demand from some sectors and countries, such as the automotive industry in Europe and Japan, was steady. However the economic slowdown in China and fall in the oil price, resulted in a reduction in manufacturing and drilling activities globally and reducing the need for tungsten tools and drill bits. On the supply side, unlike some commodity markets such as coal, iron ore and oil, very limited new supply has entered the market in the last year and no substantial new supply, other than Wolf's production, is expected in the coming year.

The fundamentals for the tungsten market remain strong, with demand expected to consolidate and grow, and limited new supply coming to market. The Board remains confident that the tungsten market will strengthen and that Wolf will be well placed when it does, being potentially one of the biggest tungsten producers in the western world.

On behalf of the Board I thank our Managing Director, Russell Clark, and his senior management team Richard Lucas, Rupert McCracken and Jeff Harrison for their tireless efforts to make the Project a reality.

Official Opening of Hemerdon Tungsten and Tin Project

Highlights

· Over 200 guests including Australian High Commissioner to the UK, The Hon Alexander Downer AC, joined Wolf Minerals to celebrate the official opening of its Drakelands Mine at the Hemerdon tungsten and tin project, in Devon, by Her Majesty's Lord-Lieutenant of Devon - David Fursdon Esq.

· Drakelands Mine's arrival heralds a globally significant new source of tungsten and the first new metal mine in Great Britain for 45 years.

Commissioning Complete at Hemerdon Tungsten and Tin Project

Highlights

· Commissioning of the processing plant at Drakelands mine has been completed.

· Wolf now in full operational control of processing plant following handover from GR Engineering Services.

· First shipment of concentrate dispatched from Drakelands for delivery to customers.

more...

A small move up for the share price

Hmmmm - finnCap Buy 16.00 23.00 18.00 Retains

skinny

Where is this one going now , the share price i mean.

Quarterly Activities Report

For the Three Months Ended 30 September 2015


Specialty metals company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) ("Wolf" or "the Company") is pleased to provide the following update on its recently developed Drakelands open pit mine ("Drakelands") constructed at the Company's world class Hemerdon tungsten and tin project ("the Project") in Devon, southwest England, for the three month period to 30 September 2015.

Highlights for the September 2015 quarter include:

ü Commissioning of the processing plant at Drakelands completed.

ü Wolf now in full operational control of processing plant following handover from GR Engineering Services ("GRES").

ü First shipments of tungsten concentrate from Drakelands to customers in Europe and USA.

ü Successful official opening ceremony conducted with over 200 local and international guests.

ü Development expenditure of A$11.8 million for the quarter.

ü Release of 2015 Annual Report.

ü 213 days Lost Time Injury free days achieved.

Commenting on the September quarter performance, Wolf's Managing Director, Russell Clark said:

"The conclusion of commissioning activities in the September quarter, only 18 months after construction commenced, represents another major milestone in the development of Drakelands. With the inaugural shipments also taking place during this period, it was a successful quarter for Wolf."

"Drakelands is now under Wolf's operational control and operating seven days a week on a trial basis. The focus in the next quarter will be ramping up the plant towards full production and optimising plant performance."

"The Company has now realised its ambition of becoming a tungsten producer and we expect to provide a reliable, high quality supply of concentrate to our customers for many years into the future."

more....

Tungsten price to low for Wolf now , share price will be back down to 13p

Investor Conference Call


As previously announced Wolf Minerals will be holding a conference call to update analysts and investors today at 09:00 GMT.

To dial in via telephone please dial 0800 158 4198 (UK toll free) or +44 (0) 20 3036 4299 (if you are dialling from outside the UK). Telephone operators will ask participants to provide a password, which is Wolf Minerals.

If you are unable to listen to the live call, it will be archived for up to 7 days on Wolf Minerals' website. To access the replay function dial +44 (0) 20 8196 1998 followed by the Pin: 7091291#

Wolf Minerals' Managing Director, Russell Clark, will be hosting the call followed by a discussion of previously submitted questions.

https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=WLFE.L

Wolf Receives Waivers on Senior Debt Facilities

Specialty metals producer, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) ("Wolf" or "the Company") is pleased to announce that it has received a waiver and consent letter (the "Letter") regarding the Company's senior debt finance facilities.
The Letter provides certain waivers of, and amendments to, the senior secured loan conditions for any non-compliance and to grant relief up to 31 March 2017 from financial and other covenants. The waivers, amendments and relief are effective immediately.
The Company announced on 29 January 2016 that it had executed a binding term sheet with Resource Capital Fund VI L.P. ("RCF VI") to provide a standby equity facility of up to £25 million (approximately A$51 million) (the "Facility") to strengthen the Company's balance sheet during the ramp-up of the processing plant at the Drakelands open pit mine. The Company has executed a standby subscription facility agreement for the Facility, which is subject to shareholder and FIRB approval.
The Facility is required to be approved for the Letter to remain effective. The relevant documentation and meeting information will be circulated as soon as practicable.

Publication of Interim Financial Statements


Specialty metals producer, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) ("Wolf" or "the Company") wishes to advise that its Interim Financial Statements for the 6 months ending 31 December 2015 are available for download from the Company's website, www.wolfminerals.com.au .

Update of Funding Arrangements and Voluntary Suspension Request

Specialty metals producer, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) (Wolf or the Company) provides the following update on the Company's funding arrangements to support the ramp up towards commercial production and design performance at the Drakelands open pit mine (Drakelands).

On 29 July 2016 as part of the Quarterly Activities Report, the Company announced that it is in breach of a loan covenant under the senior debt finance facilities, comprising a £70 million term loan facility and a £5 million bond facility, provided by a consortium of global mining financiers (the Lenders). The covenant relates to a minimum forward cash flow forecast requirement, which the Company is unable to meet without further support.

Subsequently, the Company has been in discussions with the Lenders and Resource Capital Fund VI L.P. in relation to the forecast cash flows and the Company's financial position. The discussions have been positive and have advanced to a negotiated draft non-binding term sheet for a funding solution involving a standstill and restructure of the senior debt facilities and additional funding support for working capital requirements. All parties are targeting completion of final binding agreements on or before 17 October.

After discussion with the Company's auditors (PKF Mack), the Wolf Board of Directors (the Board) believes that further progress is required to finalise the audit opinion on the financial statements for the year ended 30 June 2016.

Consequently, the Board has decided to defer the release of the Company's Annual Report and audited financial statements for the year ended 30 June 2016 until the funding solution is finalised. As the Annual Report was due for release on 30 September 2016 pursuant to ASX Listing Rules, the Company has requested a voluntary suspension from the ASX until such time as the Annual Report is completed.

Trading in the Company's Ordinary Shares on AIM will continue during this period.

Grant of ASX Listing Rule Waivers for Bridge Facility

Quarterly Activities Report
For the Three Months Ended 30 September 2016

Specialty metals producer, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) (Wolf or the Company) provides the following update on progress at its Drakelands open pit mine (Drakelands) at the Company's Hemerdon tungsten and tin project in Devon, southwest England, for the three month period to 30 September 2016 (the Quarter).

Highlights

ü Good progress at the mine and Mining Waste Facility, mining record volumes in the Quarter
ü Successful restructure of Senior Debt. Scheduled repayments of principal deferred to January 2018
ü Bridge loan for £20 million established with Resource Capital Fund VI L.P.
ü Improved throughput, recovery and record production in the processing plant
ü Lee Moor Road replacement well advanced for completion in early 2017 to support the Mine Waste Facility


more....

Planning permission for Drakelands mine extended


Highlights

· Planning permission for Drakelands mine extended from 2021 to 2036.

· Processing plant now permitted to operate 24/7, providing potential to lift tungsten and tin production by 20%.

· Debt restructure effective, tenor of the Senior Debt extended until June 2023.

Quarterly Activities Report

For the Three Months Ended 30 June 2017

Specialty metals producer, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) (Wolf or the Company) provides the following update on progress at its Drakelands open pit mine (Drakelands) at the Company's Hemerdon tungsten and tin project in Devon, southwest England, for the three month period to 30 June 2017 (the Quarter).

Highlights
ü Processing plant operating turnaround plan developed and starting to deliver improvements in production.
ü Resource Capital Fund VI L.P. bridge loan additional £10 million extension approved.
ü Drakeland's ISO 14001 environment management standard accreditation retained for the third successive year.
ü Tungsten price improved by ~5.9% in the Quarter.
ü Interim CFO appointed.
ü Interim MD and leadership team now based in UK at site.

more.....

Operational Update

Specialty metals producer, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) ("Wolf" or "the Company"), provides the following update on operations at its Drakelands open pit mine ("Drakelands") at the Company's Hemerdon tungsten and tin project in Devon, southwest England.

In the June Quarterly Report released on 28 July 2017, the Company announced the implementation of a detailed operating turnaround plan designed to achieve a sustainable production platform by the December quarter.

In recent months, the Company has progressed the operating turnaround plan with a particular focus on:

· improving processing plant reliability in the crushing circuit;

· improving performance of the refinery to enhance production levels; and

· reducing noise emissions from the processing plant including low frequency noise ("LFN").

The improvements are being implemented whilst the Company has voluntarily shutdown the vibrating screens in the processing plant on weekends. Wolf has continued to develop technical solutions with its lead construction contractor, GR Engineering Services Limited ("GRES"), to expedite a comprehensive LFN solution whilst meeting operational requirements during this important period of production improvements.

The Company has assessed the costs of ongoing LFN rectifications and has decided to notify GRES of its intention to recover these costs from the £7.5 million Performance Bond under the construction contract. The Company is confident that the Performance Bond will be sufficient to cover the costs of implementing the technical solutions required to deliver a successful LFN outcome.

Richard Lucas, Interim Managing Director, said:

"We are encouraged by the progress being made on the operating turnaround plan at this early stage, with further improvements planned for the coming months to achieve a sustainable production platform before the end of the year.

We are also encouraged by an improving tungsten price which supports the opportunity for Drakelands to be an important part of the global supply chain for such a critical industrial metal.

Managing our operations successfully also requires us to maintain strong relationships with our local communities, which includes further reductions in low frequency noise emissions. Therefore, after extended discussions with our lead construction contractor, GRES, we have decided to notify them of our intention to call upon the Performance Bond to ensure an LFN solution is achieved as quickly as possible."



ENDS

Good recovery going on here.....

Wolf Receives Additional £10 Million Funding

Specialty metals producer, Wolf Minerals (ASX: WLF, AIM: WLFE) (Wolf or the Company) is pleased to provide an update on the Company's financing arrangements to support short term working capital as it progresses towards long term self-sustaining operations at the Drakelands open pit mine (Drakelands).
Highlights
· Existing Bridge Facility increased from £45 million to £55 million.
· Operating turnaround plan is delivering improved plant performance.
· Tungsten price increases to US$280 per mtu.
The Company is pleased to announce that it has reached agreement with Resource Capital Fund VI L.P. (RCF VI) to amend the existing bridge facility in place with RCF VI (as announced on 24 October 2016 and 28 June 2017) (the Bridge Facility) pursuant to which RCF VI has agreed to provide the Company with an additional £10 million.

The funds advanced under the Bridge Facility to date have been used to progress the operating turnaround plan, including improved performance in:

· the Primary DMS circuit, with all phases now complete.

· the refinery, with first phase delivering an increase in throughput and availability. The final phase is scheduled for November.

· the gravity fines circuit to improve recoveries and the grade of pre-concentrate presented to the refinery, scheduled for November.

· maintenance activities, including implementation of a new system with associated process and work flow improvements.

The operating turnaround plan remains on schedule as the Company builds towards commercial production and design performance.

In addition to the ongoing improvements in operating performance, the price of tungsten has continued to increase from US$269 in August 2017 to US$280 per mtu in October 2017. The tungsten market remains in tight supply of raw material whilst demand for finished goods is improving, indicating continued price support at these levels.

The Company will continue to review its long term capital requirements as the operating turnaround plan progresses and further value adding opportunities and cost reduction initiatives are investigated.

Wolf Interim Managing Director, Richard Lucas, commented:

"The operating turnaround plan is delivering improved processing plant performance and is also building knowledge and experience across the business. When combined with improving tungsten market conditions, this provides an exciting outlook for 2018. The Company acknowledges RCF VI's continued support, which is testament to their confidence in Drakelands and the future success of Wolf."

more.....

One2One Mining Investor Forum

IMHO.... DYOR- This is an Australian-backed company mining Tungsten at "Drakelands" ( just North by Hemerdon, Plymouth, Devon.... Nearest=A38). Whilst it employs many locals it is hugely loss-making, despite the mine being on an earlier mine ( so much easier regulations, geophysics, etc. )... it lost £43.5million according to the local Plymouth newspaper, The Herald. It has support from Aus. investors and a current sp about 3p5
Not sure if "Drakelands" is a whiff of Elizabethan puff as Sailor Drake was from the area However, Tungsten ( and Tin) are known to be present and the World Market price is unlikely to fall ( much?), . . . all that really matters is the cost of Extraction. According to their website the restoration costs are factored-in so hopefully in a few years there won't be a cash-call to fund closure.
This is a "Wait and see" for me.

A mention here.

Hmmmm :-

Specialty metals producer, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) (Wolf or the Company) wishes to advise investors that the ASX has granted the Company a trading halt in its shares pending an announcement on its financing arrangements.

The trading halt will remain in place until the opening of trade the ASX on Monday 30 July 2018, or earlier if an announcement is made to the market. The Company's shares will continue to trade on AIM during this period.

Funding Update

Funding Update - Satisfaction of Conditions Precedent

Specialty metals producer, Wolf Minerals (ASX: WLF, AIM: WLFE) (Wolf or the Company) is pleased to advise that, further to the Company's announcements dated 30 July and 1 August 2018, all of the conditions precedent to the standstill arrangements and amended and restated agreements with the Company's existing senior lenders and Resource Capital Fund VI L.P. (RCF VI) have been satisfied.

As part of the process for satisfying the conditions precedent, the Company has been granted a waiver of ASX Listing Rule 10.1.

The waiver allows Wolf, subject to certain conditions, to grant RCF VI security for the amended bridge facility without shareholder approval. Details of the waiver and the conditions are provided below.

more.....

Funding Update

Specialty metals producer, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) (Wolf or the Company) refers to its recent announcements in relation to its financing arrangements and the standstill arrangements with the Company's existing senior lenders.

As announced on 30 July 2018, the Company has been working with its key financial stakeholders to develop longer term funding solutions required to provide the Company with capital prior to the expiry of the standstill period on 28 October 2018, to progress further production improvements.

The Company's discussions with those stakeholders are ongoing and the Company expects to conclude those discussions this week, following which a further announcement will be made. However, should the Company not be able to satisfactorily conclude its discussions with those stakeholders within the next two days, it will not be in a position to meet its short term working capital requirements after that point in time.

The Company's shares remain suspended from trading on ASX in accordance with ASX Listing Rule 17.2 pending the release of an announcement regarding finalisation of its audited annual financial statements and Annual Report for the year ended 30 June 2018.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

ENDS

What to say? Not sure. What an odd situation. We expect to conclude this week but we run out of money on Thursday.

yet another one for the glue factory

I hope not. Can't see that happening. Too much investment has been put into it.

I've spent an hour looking at this company this morning so take what I say with a pinch of salt, but it looks to me like the company needs to scale back investment and ramp up production. Easier said than done.

Suspended pending clarification of financial position.

Which could mean anything

Another gem of an investment! :-(

Sorry to hear Skinny.

I read the accounts yesterday. Ramp up in production looked too slow to me but I'll be surprised if they go under.

Probably more convertible loans/warrants?

My two forays into home grown mines are these and SXX - I hold quite a lot of the latter.

Time will tell and yes, probably more paper!

Funding position update

Specialty metals producer, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) (Wolf or the Company) refers to its announcement on 9 October 2018.

The Company has been unable to satisfactorily conclude its discussions with its key financial stakeholders and therefore is not in a position to meet its short term working capital requirements in order to continue operations at its Drakelands open pit mine. Consequently, the Company's wholly owned subsidiary, Wolf Minerals (UK) Limited, has ceased trading effective immediately.

The Board of the Company has resolved that Martin Jones and Ryan Eagle of Ferrier Hodgson be appointed as voluntary administrators of the Company.

At the request of the Company, Wolf's depository interests have been suspended from trading on AIM.

The Company's shares remain suspended from trading on ASX.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

RNS Administration , gutting .

sorry, but why would you be surprised?

Only gutting for the shareholders really .

God almighty : another one....got out months ago....not good....