It's been 45 years since Britain opened a new metal mine

Wolf Minerals (AIM:WLFE) says it is making it is making "significant progress" on getting its tungsten and tin mine up and running in Britain.

Construction of the mine and processing facilities commenced in February 2014 and is expected to be completed by mid 2015. When opened it will be Britain's first metal mine in 45 years.

The mine is just ten kilometres from Plymouth, a city of 250,000 people in England's Devon county. Owners says the mine will create over 200 jobs.

When full production is reached the mine will produce approximately 5,000 tonnes of tungsten concentrate and 1,000 tonnes of tin concentrate per year.  Output will supply 3% of world's tungsten.

The open pit mine will be 850 metres long, 450 metres wide and 200 metres deep. The mine life is 10-15 years.