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

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