Wolf Minerals Limited provided an update on progress at its recently developed Drakelands open pit mine (Drakelands) at the Company's Hemerdon tungsten and tin project in Devon, southwest England. Mining Activities: Weather in recent months has been favourable, enabling good progress to be made in the mine and the Mining Waste Facility (MWF), with the liner for the next stage of the MWF completed on schedule in June 2016. Waste mining activities have concentrated on waste stripping and construction of a new haulage access road. Ore mining is taking place in both the southern and the northern ends of the pit with several benches being mined concurrently. Since mining has commenced, over 1.6m tonnes of ore has been mined and the pit surface has dropped by approximately 15 metres. The ore body at Drakelands is located in a large granite dyke that outcrops to surface. The granite is weathered at the surface and looks and feels like soft clay. As mining gets deeper the weathering will reduce such that hard granite rock becomes the principal ore feed to the processing plant. Ore mining is currently in the softer part of the ore body. Blasting operations at the mine commenced earlier in the year as the rock in the mine became more competent. Reconciliation of the grade of ore (% WO3) extracted to date has been positive when compared to the grade expected from the ore reserve. However, as mining to date has predominantly been near surface, the ore mined has had much finer particle sizes than will be the case over the mine life, and for which the processing plant was primarily designed which has had a consequential effect on recoveries. With the aim of tailoring the ore feed for the processing plant closer to the design feed characteristics, a ten hole diamond drilling program was recently completed in the open pit to gather additional data on particle size and the distribution of mineralisation within the ore body. Ore samples are being analysed by both geological and metallurgical personnel and the results will be used to refine the mining plan to ensure an ore blend that best suits the processing plant. Processing Plant: The processing plant at Drakelands was developed by Wolf through an Engineering-Procurement-Construction (EPC) contract with GR Engineering Services Limited (GRES). Under the EPC contract, GRES was appointed on a fixed price, fixed term basis for the design, procurement, construction and commissioning of the processing plant, and associated infrastructure. The EPC contract provides that GRES warrants the performance of the processing plant within a specified period after commissioning. GRES undertook detailed design of the processing plant and facilities and commenced construction in March 2014. First ore processing occurred in June 2015 as part of the wet commissioning and the plant was handed to Wolf as operational in September 2015. In the period since taking operational control, Wolf has worked closely with GRES to close out the outstanding items and optimise the processing plant's performance. During this period the Company has concentrated on increasing overall run times and production, however performance has been impacted by core equipment manufacturing faults, leading to high levels of unplanned downtime. In June 2016, the processing plant was tested by Wolf and GRES to examine equipment and operating parameters. The test highlighted a number of areas where further improvement and defect correction is required. These include availability, recovery, product grade, as well as access to equipment and environmental improvements. Consequently, Wolf and GRES are discussing a work program involving equipment changes and design improvements aimed at achieving continuous operation at capacity, enhancement of recoveries and general plant improvements. Production improvements are expected during implementation of the program, however completion of all elements of the program is required before the full impact on processing plant performance can be ascertained. A work program for the tin circuit, kiln and gas handling equipment is currently underway following agreement by Wolf and GRES on a number of modifications. These modifications have had a positive impact on tin concentrate production, with the first shipment of tin concentrate despatched from Drakelands in early June 2016.