Wolf Minerals has received positive definitive feasibility study (DFS) for its Hemerdon Tungsten and Tin project in the UK.

According to the study, the value of the project is £74m ($105m), with cash cost of $105 per metric tonne unit and has mine life of ten years.

The project consists of a two stage open pit, along with a 3 million tones-per-annum concentrator and associated infrastructure.

The ten year DFS pit design is limited only by the approved planning permission and has the resource potential for the mine life to be extended by several years.

Wolf Minerals managing director Humphrey Hale said that following the completion of the feasibility study, the firm is ready to comission the processing plant by the end of 2013.