UK focussed mine develop Wolf Minerals (LON:WLFE) made significant progress in its first half as it works to open the first new metal mine in Britain for more than 45 years.
The Hemerdon tungsten project, in Devon, was 67% complete at the end of December and the project remains on track for the commissioning of the processing plant in the coming weeks.
According to the schedule for the contractor GR Engineering Services will hand over the project to Wolf during the third quarter.
“I am delighted to be able to report on the significant progress we made in the first half of the current financial year and which has continued into the second half,” said managing director Russell Clark.
“The Hemerdon project is progressing well and is on schedule for dry commissioning in March 2015 with 100% of the equipment having been delivered and 80% of the structural steel erection complete since the period end.
“Based on the progress we have made so far the board remains confident of delivering a tungsten producing mine on schedule and on budget."
Clark added that a drilling programme has been completed to assess opportunities to increase reserves and extend the mine’s life.
These operations have focussed on areas within the mine’s existing planning permission boundary, and the company said it will report the findings in due course.
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