Wolf Minerals reports that commissioning of its Hemerdon tungsten/tin project continues on schedule with the first ore introduced into the plant in June 2015.
The company expects the engineering construction firm to complete ‘Performance Tests’ in August before handing over the operation with first product scheduled for delivery to customers in September. Thereafter Wolf will continue to ramp up the plant to full production by early 2016.
During the June quarter the company expended A$31.8 million (approximately £15 million) on construction and mining and by the end of the quarter had drawn down a total of £60 million of the £75 million senior debt finance facilities.
The Hemerdon mine, located in Devon, is the first new metal mine to be built in the UK for over 40 years. It will be one of the few producers of the strategic metal, tungsten, outside of China.
Wolf’s UK tungsten mine on schedule for September production: WLFE