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27 Mar 2012 08:21
27 March 2012
Wolf Minerals Limited
Response to Media Speculation
Wolf Minerals Limited ("Wolf") has noted an article in The Times newspaper in London dated 26 March 2012, re-quoted in The Australian newspaper dated 27 March 2012, that indicated the company "is to embark on a £50 million fundraiser from equity investors in the coming weeks".
This comment is incorrect and should be regarded as media speculation by investors.
For further details, please contact:
Wolf Minerals Limited Humphrey Hale
| +61 8 6364 3776 |
Investec Mark Wellesley-Wood/Neil Elliot | +44 20 7597 4000 |
Newgate Threadneedle Beth Harris/Josh Royston |
+44 (0) 20 7653 9850 |
About Wolf Minerals
Wolf Mineral is an ASX listed and AIM listed specialty minerals company focused on developing the world class Hemerdon Tungsten and Tin Project, in Devon, in the south-west of the UK. The Hemerdon project is 100% owned by Wolf and is one of the largest undeveloped tungsten and tin resources in the western world. It is ranked as the fourth largest tungsten deposit in the world in terms of contained tungsten metal, by The British Geological Survey. The Company aims to develop the project into a large scale, open pit mining operation, which will position it as a world class tungsten and tin producer. Wolf released a positive Definitive Feasibility Study for the Hemerdon project in May 2011, and it has updated planning permission for mining until 2021.
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