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

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