Wolf Minerals finalises property acquisitions

25 November 2013

Wolf Minerals finalises property acquisitions at Hemerdon Project

Key milestone in project's planning permission

Specialty metals development company, Wolf Minerals Limited (ASX: WLF) (AIM: WLFE) ("Wolf" or the "Company") is pleased to announce that it has purchased, or has contracts in place for the acquisition of, all properties required under the planning permission for the development of its world class Hemerdon tungsten and tin project in the southwest of England.

This represents another key milestone in the development timeline for the Hemerdon project.

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 is pleased to advise that this acquisition process has now been completed with a contract for the purchase of the last remaining property now finalised. All 15 requisite properties have now either been purchased or had contracts-to-purchase entered into.

Wolf Minerals Managing Director, Russell Clark, said:

"The process of acquiring these properties has been a prime focus for the Company since acquiring the project, recognising the sensitivities that are obviously present when working with the local community and we are very pleased to have finalised the contract for the purchase of the last property. This is a pre-requisite to building the Hemerdon project and is a key milestone in the advancement of what will be Britain's first metal mine for 45 years".

This announcement follows the recent advice that another key milestone had been reached in the environmental permitting process for the Hemerdon tungsten and tin project, with the project's Waste Facility Environmental Permit being granted "minded to" status on 11th November 2103, the final step before granting the permit.

ENDS

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