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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Wolf Minerals | LSE:WLFE | London | Ordinary Share | AU000000WLF3 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.40 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMWLFE
RNS Number : 2556B
Wolf Minerals Limited
06 January 2015
6 January 2015
Wolf Minerals Limited
Wolf Minerals Awards Power Supply Contract
DONG Energy to provide power supply to Hemerdon Tungsten-Tin Project
Specialty metals development company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) ("Wolf" or "the Company") is pleased to announce that it has finalised and awarded the power supply contract for its Drakelands open pit mine ("Drakelands") currently being constructed at the Company's world class Hemerdon tungsten and tin project ("the Project") in Devon, in southwest England.
Following a tender process conducted by The Energy Services Partnership Ltd, DONG Energy has been awarded the contract to supply grid power to the Drakelands mine.
Under the terms of the contract DONG Energy will supply a projected 82GWh to the operation for a three year period. The forecast power prices are in line with estimates contained in the Definitive Feasibility Study ("DFS").
DONG Energy is 59% owned by the Danish Government and its UK businesses include offshore wind power, exploration and the production of oil and gas. It is the third largest gas supplier to the UK's industrial and commercial market with a 12% market share. Already supplying over a terawatt of power, DONG Energy is looking to grow and establish its position in the UK power market.
Commenting on the power contract, Wolf Managing Director, Mr Russell Clark, said:
"As we continue to build the mine and processing plant at Drakelands, it's very pleasing to be able to lock in a power contract at rates similar to those used in the DFS, which will contribute to Wolf being a low cost producer of tungsten."
ENDS
For further details, please contact:
Wolf Minerals Limited +61 8 6364 3776 Russell Clark admin@wolfminerals.com.au Numis Securities John Prior/James Black/Paul Gillam +44(0)20 7260 1000 Newgate Threadneedle Tim Thompson / Adam Lloyd / Ed Treadwell +44 (0) 20 7653 9850
Promotion and Marketing
The Company's web site has time lapse photography showing both the processing plant site and mine site which can be seen at:
http://www.wolfminerals.com.au/hemerdon-tungsten-and-tin-project/live-stream
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTEANFSEEASEEF
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