Latest News On Wolf Minerals' Hemerdon Tungsten Project

Details: Category: Tungsten's News; Published on Friday, 22 March 2013 15:29; Hits: 2124

Wolf Minerals (ASX:WLF) and the Company’s Hemerdon Tungsten Project.

Wolf Minerals is in the final stages of securing finance to advance the Hemerdon Ball tungsten and tin project into production. This is a major achievement and is testament to sound management and a quality project. The EPC contract has now been awarded to GR Engineering with the expected time of construction and commissioning scheduled for 24 months.

It is indicated a project NPV of £74M (A$ 108M or A$0.57/share) and assumed an ammonium paratungstate price of US$360/mtu and a tin price of US$30,000/t. Cash costs (after tin credits) were estimated at US$105/mtu.

Current ammonium paratungstate and tin pricing is US$351.5/mtu and US$24,600/t respectively. Based on commodity price sensitivity analysis and utilising average 2012 commodity prices.

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