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.
Managing Director Russell Clark tells Proactive: This really opens up the opportunity of that operation to increase its production by 20-25% ... so instead of producing 3,500 tonnes/year of tungsten maybe we can produce 4,000.''
''It's been a very busy year. We had to refinance the company in the middle of the year with a £25 mln injection. Tungsten prices haven't gone up as we'd hoped but we remain confident they will and we had to do another refinancing very recently - so we've injected another £20 mln of equity''.