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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 |
TIDMWLFE
Wolf Minerals Limited
28 November 2016
Wolf Minerals - Update research from QuotedData
28(th) November 2016
24/7 operations approval boost
Wolf Minerals (Wolf) has received approval to operate its processing plant on a 24/7 basis, permanently, and permission to extend mining activities to 2036. Both permissions will have a significant impact on future production at its Drakelands open-pit mine, in Devon. The mine, which opened in September 2015, has struggled to reach planned production rates, owing to low plant recoveries caused by finer than expected ore and mechanical failures in the plant. In addition, cashflow has been affected negatively by continuing low tungsten prices on the world markets.
We visited the mine in November. Management believe that Wolf is resolving its problems in the plant. A trend of increasing quarterly ore throughput and wolfram production might support this, although performance is still below feasibility study levels. Management acknowledge that their key challenge is to improve plant recoveries.
Full research:
http://quoteddata.com/2016/11/wolf-minerals-247-operations-approval-boost/
This research is also available free on our website www.quoteddata.com where you will also find news, performance data and factsheets on every London listed Investment Company. QuotedData writes and distributes research on a number of quoted companies, facilitates meetings between those companies and existing and potential investors and assists in raising additional capital where required.
NB: this note has been prepared for Wolf Minerals Limited by Marten & Co and is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the FCA. Marten & Co is not permitted to provide investment advice to individual investors.
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Tel: +44 (0) 20 3691 9430
www.quoteddata.com | research@quoteddata.com | www.martenandco.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
November 28, 2016 07:56 ET (12:56 GMT)
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