Wolf Minerals Releases Quarterly Activities Report

Wolf Minerals Limited released its quarterly activities report for the period ended on June 30, 2013. The Company achieved major milestones in the development of the Hemerdon Project, including the commencement of a £75 million EPC Contract and the finalization of a A$213 million debt funding package.

Highlights from the June quarter include:
£85 million Mining Services Contract awarded for Hemerdon Project, subsequent to quarter end.
First drawdown of US$82 million funding package from RCF completed.
£75 million EPC Contract for Hemerdon project commenced.
Binding Tungsten Off-take agreements completed.
Board changes announced.
Land acquisition process at Hemerdon site ongoing.
Tungsten price at long-term highs – APT ~$400/mtu.
 

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