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

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...