Wolf Minerals

Wolf Minerals Limited was an ASX (WLF) and AIM (WLFE) listed specialty metals company focused on developing the Drakelands Mine tungsten and tin project, in Devon in the UK.

The project was expected to create about 200 direct jobs and inject hundreds of millions of pounds into the Plymouth, Devon and UK economies over the decade.

In May 2011, Wolf released a highly successful Definitive Feasibility Study (DFS), which confirmed the project's robust economics and development potential as a major, new global source of tungsten supply.

A poorly designed feasibility study underestimated the friability of the ore. After years of struggling to achieve the expected tungsten and tin recovery, the company went into liquidation.

At the time, Wolf identified the Hemerdon project as a potentially major new source of global tungsten supply.

It acquired the project in December 2007 and has conducted extensive exploration programs and established a large JORC Resource inventory and completed a successful Definitive Feasibility Study, in 2011.

The DFS identified Hemerdon as a highly economic potential producer of low-cost tungsten and was based on a two-stage open pit with an initial 10-year life, and a 3Mtpa concentrator with associated infrastructure.

Another view of the Main Opencast