The Xihuashan tungsten deposit, hosted in the late Jurassic granitic pluton in the Nanling Range of South China, has a total resource of about 81,300 tonnes of WO3 with an average ore grade of 1.08% WO3. Wolframite is the dominant ore mineral and intergrown with quartz in the main mineralization stage. Ore-forming fluids trapped in wolframite have δD and δ18O values from −82‰ to −64‰ and 7.4‰ to 8.8‰, respectively. Those in quartz have similar δD (−72‰ to −58‰) and δ18O (6.8‰ to 8.0‰) values, indicative of a magmatic fluids simultaneously trapped by quartz and wolframite. LA-ICP-MS analyses for individual fluid inclusion show that this mineralizing fluid contains measurable Li, Rb, Cs, K, Na, Ti, Cu, Zn, As and W (1–125 ppm with average of 19 ppm) while depleted in Fe and Mn. The wolframite from the Xihuashan tungsten deposit contains high FeO (10.9–17.7 wt%) and MnO (5.9–12.7 wt%) contents with Fe/(Fe + Mn) atomic ratio of 0.46 to 0.75, thus requires the availability of external Fe and Mn. We detect that the Fe and Mn contents in mica from the greisen are remarkably lower than primary mica from granite. Some magmatic micas were observed in greisen and were subjected to hydrothermal alteration. Compared to the core, the rim of these micas depleted in Fe, Mn, F, and Na. The siderite and pyrophanite are formed along cleavage planes of altered magmatic mica that are evidence to be due to Fe and Mn release during granite alteration. Thus, we demonstrate quantitatively that magmatic fluids at Xihuashan provide W in solution, whereas the hosted granite alteration contributes Fe and Mn to precipitate wolframite. It is also supported by wolframites have trace and rare earth elements characteristics similar to those of granite and some characteristics similar to the greisen. Therefore, the ore-forming fluids has components derived from the last highly evolved residual granitic melt and components acquired by releasing through the hosted granite alteration. Fluid-rock interaction exert a principle control on wolframite precipitation. Based on mineralogy, fluid inclusion and stable isotope, we proposed three-stage process to illustrate the genetic link between tungsten mineralization and granite.