Construction phase of £75M EPC Contract to commence
Specialty metals development company, Wolf Minerals Limited (ASX:WLF, AIM: WLFE) (Wolf, the Company) is pleased to announce that it has authorised the EPC contractor, GR Engineering Services Limited (ASX: GNG) (GRES), to commence construction of its world class Hemerdon tungsten and tin project in the southwest of England.
This represents another key milestone in the development of the Hemerdon project, and sets the project on a definitive timeline for construction, commissioning and first production, which is scheduled for mid-2015.
GRES was awarded the fixed price (£75 million), fixed term EPC contract for the design, construction and commissioning of the 3 million tonnes per annum (“Mtpa”) tungsten and tin mineral processing plant plus associated infrastructure in June 2013 (see ASX announcement 12 June 2013). The contract term is 24 months.
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