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Wolf processes first ore at Hemerdon

Post By: Tom Mulqueen on Monday, 29 June 2015

Dual-listed Wolf Minerals Ltd. (ASX:WLF, AIM:WLFE) has processed the first ore at the plant of its £130 million Hemerdon tungsten and tin project near Plymouth, UK, as wet commissioning gets underway.

The wet commissioning process involves extensive testing of plant equipment and is being undertaken by contractor GR Engineering, who will pass responsibility for plant operations back to Wolf in August. Testing will continue at the processing plant throughout the summer with full-scale operations set to begin in the...

Financing for Achmmach paused for market “re-set”

Post By: Peter Kettle on Tuesday, 16 June 2015

Kasbah Resources has announced a small capital raising, but will wait for tin prices to recover to over $18,000/tonne before finalising debt financing arrangements for its Achmmach project in Morocco.

The company is to raise Au$3.0 million by issuing 104.6 new shares, with existing shareholders Africa Lion Fund, Thaisarco and Traxys all increasing their equity stakes in the company. This will cover continuing small-scale pre-development work on site and substantially reduced corporate costs.

In a statement the company noted...

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