Wolf Minerals was incorporated on 20th September 2006 as a metals exploration and development company. It commenced trading on the ASX on February 15th 2007 after raising $3 million in an IPO.

The Company enjoyed an outstanding debut and was the best performing IPO on the ASX for 2007, which is attributable to the leadership and direction of the Board and the strong support of investors.

On December 5th 2007 Wolf announced that it had signed an option and lease agreement for the mineral rights and the rights to mine the Hemerdon tungsten and tin project near Plymouth, in Devon, in the southwest of UK.

The Hemerdon project is the Company’s core asset and since then its prime focus has been the exploration and development of the project.

The project has current and updated planning permission, which is valid until 2021. In May 2011, Wolf released a highly successful Definitive Feasibility Study (DFS), which confirmed the project’s robust economics and development potential as a major, new global source of tungsten supply.

After completing the DFS, the Company sought to secure funding to develop the project and bring it in to production and, to date, has been successful in raising a total funding package of approximately A$212 million.

Wolf also has binding off-take agreements in place for the project’s tungsten output, and continues to advance the development of the Hemerdon project towards production, which is scheduled for 2014.

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