LONDON (Alliance News) - Wolf Minerals Ltd on Friday said it remains on schedule on its Hemerdon tungsten project in Devon, with initial production expected to start in the third quarter.
Wolf said construction of the project was 85% complete at the end of the first quarter, on track with its plans.
Construction is fully-funded and commissioning has now started on the site, with initial production expected to take place in the third quarter.
"This has been another successful quarter for Wolf. Commissioning at the Hemerdon project has commenced, our staff have relocated from Plymouth to our completed administration office on site, and we plan to be introducing ore into the plant in July 2015," said Wolf Managing Director Russell Clark.
"The initial grade control drilling has confirmed our expectations with regards to tungsten and tin grades and tonnage and will provide critical ore body information for the next eighteen months," Clark added.
Shares in Wolf were down 0.8% to 19.6 pence on Friday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.