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

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.