Wolf Minerals intends to recover the cost of rectifying a low frequency noise (LFN) problem caused by the vibrating screens in its Drakelands tungsten/tin processing plant from its lead construction contractor, GR Engineering Services Limited (GRES). It will take advantage of a £7.5 million Performance Bond provision included in the construction contract for the Drakelands processing plant.
LFN, caused by the vibrating screens, has been a cause of concern for residents near the mine operation at Hemerdon, in Devon, and the Wolf has voluntarily shutdown the screens at weekends to minimise any disturbance to local residents.
The company recently announced that it is addressing other issues within the plant, such as improving processing plant reliability in the crushing circuit and improving performance of the refinery to enhance production levels as part of a turnaround plan designed to achieve a sustainable production platform by the December quarter.
About Wolf Minerals
Wolf is a publicly traded company listed on London’s AIM and on the Australian Stock Exchange (ASX). Wolf’s sole mineral asset is the Drakelands tungsten and tin mine, in Devon, UK, which the company commissioned in September 2015. When fully operational, the mine will produce around 3% of global demand for tungsten (or 15% of non-Chinese demand), with the potential to expand production by over 25%.
The company’s registered office is in Perth, Australia, and operational offices are at the mine site, outside Plymouth, in the UK.
Wolf acts on noise problem at Drakelands: WLFE