Specialty metals development company, Wolf Minerals Limited (ASX:WLF, AIM:WLFE) (“Wolf” or “the Company”) is pleased to announce that it has finalised and awarded the power supply contract for its Drakelands open pit mine (“Drakelands”) currently being constructed at the Company’s world class Hemerdon tungsten and tin project (“the Project”) in Devon, in southwest England.
Following a tender process conducted by The Energy Services Partnership Ltd, DONG Energy has been awarded the contract to supply grid power to the Drakelands mine.
Under the terms of the contract DONG Energy will supply a projected 82GWh to the operation for a three year period. The forecast power prices are in line with estimates contained in the Definitive Feasibility Study (“DFS”).
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