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Wolf Minerals says funding talks ongoing as production reliability improves

Wolf said work to secure funding to provide it with further capital to progress future initiatives was well underway

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The tungsten produced by Wolf is used in a range of industrial, mining and agricultural applications

Wolf Minerals Limited (LON:WLFE) said it was still working on securing long-term financing and had made good progress on its production reliability in recent months.

The producer of speciality metals also said it had deferred the publication of its annual results statement as further progress was required to finalise their audit.

READ: Wolf Minerals recovers operating strength following March freeze as it seeks new funds

The tungsten specialist now has until the end of 2018 to issue its annual report.

Wolf said work was also currently underway on longer-term funding solutions to provide the company with capital to progress its future enhancement initiatives to optimise production. It added that it would keep the market abreast of any future developments.

The company also said it had made significant advances in the reliability of its production and profile.

Shares in Wolf were 14.6% down at 1.75p in early trade.

Quick facts: Wolf Minerals Limited

Price: 0.035 AUD

ASX:WLF
Market: ASX
Market Cap: $38.18 m
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