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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. The open-pit dimensions are 800m in length x 450m in width x 230m in depth. Wolf awarded all major contracts for the project; the Engineering-Procurement-Construction (EPC) contract was awarded the GR Engineering Services Ltd (ASX: GNG) and the Mining Services contract (with the exception of Drill & Blast) was awarded to CA Blackwell (Contracts) Ltd. All permits required to develop and operate the mine were in place. Production commenced in 2015.
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Wolf
Minerals was incorporated on 20 September 2006 as a metals exploration and development company. It commenced trading on the ASX on 15 February 2007 after raising $ 3 million in an IPO. The Company was the best performing IPO on the ASX for 2007. On 5 December 2007 Wolf signed an option and lease
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The mineralisation is characterised by sheeted greisen veining and stockworks containing wolframite and cassiterite. The vein system is hosted within a dyke-like granite body. The mineralisation starts from the surface and is contained within the steeply dipping granite body flanked by metamorphosed
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The project ran into difficulty and failed to live up to its expectation right from the beginning. 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. In
November
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The
Hemerdon deposit contains one of the largest tungsten and tin resources in the world and is rated by the British Geological Survey as the world's fourth-largest tungsten deposit. A tin concentrate was also to be produced, which to generate valuable additional revenue. The project was expected to
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The company was listed on the ASX in
February 2007. Later that year, the company acquired the Hemerdon project which was later renamed Drakelands Mine. In 2011, Wolf Minerals completed a Definitive Feasibility Study which confirmed the Hemerdon project's robust economics. With global tungsten demand
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The
Management and Board of Wolf had extensive technical and corporate experience in the minerals sector. Their collective skills and expertise was a key driver in the initial success of the Company since its listing in 2007. However, the Hemerdon project failed to live to its expectations and the
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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
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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. All required permits to develop the project were in place and major contracts to build and
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at that time forecast to grow by more than 50% between 2010 and 2015, Wolf was well placed to capitalise on tungsten's status as one of the
European Union's 14 ‘critical’ metals.
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2018, it was announced that Pala
Investments may provide funds for Wolf Minerals' Hemerdon Project after Wolf Minerals went into liquidation. The company went bankrupt in 2018.
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operation, and was to become the world's next major new tungsten mine. All required permits for the project were in place and production commenced in 2015.
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agreement for the mineral rights and the rights to mine the Hemerdon tungsten and tin project near Plymouth, in Devon, in the southwest of UK.
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The Tungsten and Tin Project was Wolf Minerals' core asset. It is located near Plymouth in the County of Devon in the southwest of the UK.
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create about 200 direct jobs and inject hundreds of millions of pounds into the Plymouth, Devon and UK economies over the decade.
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