viewWolf Minerals Limited

Wolf Minerals gets double boost at Drakelands mine

Continuous use of the crusher and processing plant will also mean significant efficiency and economic benefits

picture of Drakelands mine
Wolf can work 24/7 now at Drakelands

Devon-based tungsten and tin miner Wolf Minerals Limited (LON:WLFE) has received a double boost with a planning permission extension and approval to work 24/7 at the Drakelands mine’s processing plant.

Drakelands’ planning permit now runs to 2036, from 2021, and as a result of the extension a debt restructuring has been triggered that will see first repayments of senior debt put back until January 2018.

Russell Clark, managing director, said the primary crusher now installed at the processing plant is a roll crusher, a much quieter machine than the jaw crusher that was contemplated when the original permission was granted.

Continuous use of the crusher and processing plant will also mean significant efficiency and economic benefits, he added.

Drakelands was developed on the understanding that the original planning permission needed to be extended.

“The Devon Minerals Plan recognises the importance of this tungsten deposit and its value to the United Kingdom and the broader western world as a secure supply of this specialty metal.

“The additional approval of permanent 24 hour operations for seven days a week at the Drakelands processing plant will enable the company to produce more tungsten and tin more efficiently, with around 20% more production at reduced unit costs.”

Quick facts: Wolf Minerals Limited

Price: - -

Market: ASX
Market Cap: -

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Wolf Minerals Limited named herein, including the promotion by the Company of Wolf Minerals Limited in any Content on the Site, the Company...


Demise of Wolf Minerals Ltd 'a blow for UK mining' - Alastair Ford

Mining Capital's Alastair Ford discusses the collapse this week of Wolf Minerals Limited (LON:WLFE) (ASX:WLF). Ford says what really did it for Wolf was simply that the economics of production at Hemerdon never really stacked up. He adds that its major investor RCF will now be staring...

on 12/10/18

2 min read