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

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