Delay in IMC financing proved to be fortuitous Delay in IMC financing happening has proved to be fortuitous
https://www.woulfemining.com/i/pdf/FactSheet/WoulfeBrochure.pdf
Plant Design
Plant design was expected to be finalised some months after the completion of feasibility. The work was being carried out
by Contromation Energy Services in Jakarta under the supervision of Woulfe’s technical team. However there has been some
slippage mainly due to changes in the design of certain circuits. The delay in finalising the IMC financing package due to the
extended due diligence period has proved fortuitous, particularly with the acquisition of the strategic land parcel, as plant
design can be optimised. One major change in design is placing the primary crusher underground. This restricts the haulage
truck movements on the surface where adverse weather conditions are experienced in winter, and also facilitates noise and
dust control. The crushed ore will be conveyed to secondary and tertiary crushers located on the surface above existing
concrete bins. The design and engineering drawings are now being completed in-house by the Woulfe technical team.
Sangdong Mine Area showing Purchased Land (Blue) and County Leased Land (Yellow)
The Investor’s Guide
Woulfe Mining