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Wolf Minerals Achieves Key Property Acquisitions Towards Hemerdon Development

Mon, 25th Nov 2013 10:29

LONDON (Alliance News) - Wolf Minerals Limited Monday said it has finalised key property acquisitions at the Hemerdon tungsten and tin project, in the southwest of England.

The specialty metals exploration and development company said it now has purchased, or has contracts in place for the acquisition of, all properties required under the planning permission for the development of the site.

Under the conditions of the existing planning permission for the Hemerdon project, Wolf was required to purchase 15 properties adjacent to the proposed mine development, prior to the commencement of mine development on the site.

The company recently announced that its Waste Facility Environmental Permit at the Hemerdon Tungsten Project has been granted "minded to" approve status by the UK Environmental Agency and the company expects to be granted the permit in December.

Wolf Minerals shares were up 3.3% to 20.15 pence in early trading Monday.

By Tom McIvor; tommcivor@alliancenews.com; @TomMcIvor1