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Wolf secures power for UK tungsten project

6th January 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – ASX-listed Wolf Minerals has secured a power supplier for its Drakelands openpit tungsten/tin project, which forms part of the greater Hemerdon project in England.

The junior on Tuesday told shareholders that DONG Energy had been awarded the contract to supply grid power to the Drakelands mine, following a tender process.

Under the terms of the contract, DONG would supply a projected 82 GWh to the operation, for a three-year period.

“As we continue to build the mine and processing plant at Drakelands, it is very pleasing to be able to lock in a power contract at rates similar to those used in the definitive feasibility study, which will contribute to Wolf being a low-cost producer of tungsten,” said Wolf MD Russell Clark.

The £123.2-million project would include a three-million-tonne-a-year processing plant and associated infrastructure. The project was expected to produce about 3 500 t/y of tungsten concentrate and 450 t/y of tin concentrate.

Production was expected to start in mid-2015.

Edited by Creamer Media Reporter

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