Proactiveinvestors Australia W Resources PLC Proactiveinvestors Australia W Resources PLC RSS feed en Tue, 25 Jun 2019 13:48:07 +1000 Genera CMS (Proactiveinvestors) (Proactiveinvestors) <![CDATA[RNS press release - Haulage and Crushing Contract Signed for Régua ]]> Wed, 19 Jun 2019 16:01:01 +1000 <![CDATA[RNS press release - La Parrilla and São Martinho Update ]]> Wed, 19 Jun 2019 16:00:03 +1000 <![CDATA[RNS press release - La Parrilla Mining Contract Awarded ]]> Fri, 07 Jun 2019 16:00:03 +1000 <![CDATA[RNS press release - Notice of AGM and Annual Report ]]> Mon, 03 Jun 2019 23:46:13 +1000 <![CDATA[RNS press release - Joint Broker Appointment ]]> Wed, 29 May 2019 17:12:33 +1000 <![CDATA[RNS press release - Exercise of Warrants by Directors ]]> Wed, 22 May 2019 16:00:05 +1000 <![CDATA[RNS press release - La Parrilla Jig Commissioned with First Ore ]]> Tue, 21 May 2019 16:00:21 +1000 <![CDATA[RNS press release - Advance on 5.3m EUR Grant through Extremadura Bank ]]> Thu, 09 May 2019 16:00:03 +1000 <![CDATA[RNS press release - La Parrilla Update and Mine Blast ]]> Thu, 02 May 2019 16:00:03 +1000 <![CDATA[Media files - W Resources aims for large-scale production after first T2 mine blast at La Parilla Tungsten Project ]]> Thu, 02 May 2019 02:29:00 +1000 <![CDATA[RNS press release - Final Results for the Year Ended 31 December 2018 ]]> Tue, 30 Apr 2019 20:57:36 +1000 <![CDATA[RNS press release - Major Shareholding Notification ]]> Mon, 29 Apr 2019 21:15:01 +1000 <![CDATA[RNS press release - Price Monitoring Extension ]]> Thu, 18 Apr 2019 20:00:37 +1000 <![CDATA[RNS press release - Early Exercise of Warrants ]]> Thu, 18 Apr 2019 18:31:53 +1000 <![CDATA[RNS press release - Jig & Mill Plant Completed for Commissioning ]]> Tue, 16 Apr 2019 16:00:13 +1000 <![CDATA[RNS press release - High Grade Tungsten Intersections at Régua ]]> Mon, 01 Apr 2019 17:00:06 +1100 <![CDATA[RNS press release - Update on La Parrilla and on Portuguese assets ]]> Mon, 18 Mar 2019 18:00:06 +1100 <![CDATA[RNS press release - La Parilla Mine Update and Issue of Shares ]]> Tue, 05 Feb 2019 18:00:15 +1100 <![CDATA[RNS press release - La Parrilla Mine's First Crushed Ore ]]> Thu, 20 Dec 2018 18:00:03 +1100 <![CDATA[RNS press release - Mechanical Completion of La Parrilla Crusher Plant ]]> Mon, 10 Dec 2018 18:00:05 +1100 <![CDATA[RNS press release - First Tungsten Shipment from the La Parrilla Mine ]]> Mon, 03 Dec 2018 18:00:08 +1100 <![CDATA[RNS press release - Placing to Raise £1.5m ]]> Tue, 27 Nov 2018 21:50:09 +1100 <![CDATA[RNS press release - TPI Investor Evening - 10 December ]]> Fri, 23 Nov 2018 18:00:03 +1100 <![CDATA[RNS press release - Grant of Share Options ]]> Wed, 21 Nov 2018 03:19:12 +1100 <![CDATA[RNS press release - La Parrilla Commences Tungsten Tin Production ]]> Tue, 20 Nov 2018 18:00:17 +1100 <![CDATA[RNS press release - Second Price Monitoring Extn ]]> Tue, 13 Nov 2018 03:40:51 +1100 <![CDATA[RNS press release - Price Monitoring Extension ]]> Tue, 13 Nov 2018 03:35:38 +1100 <![CDATA[RNS press release - New Website ]]> Mon, 15 Oct 2018 17:53:40 +1100 <![CDATA[RNS press release - Hansource Investments Reinstated ]]> Mon, 01 Oct 2018 20:30:24 +1000 <![CDATA[RNS press release - High Grade Tungsten Intersections at Regua ]]> Tue, 18 Sep 2018 16:00:57 +1000 <![CDATA[RNS press release - Non-Executive Director Appointments ]]> Mon, 17 Sep 2018 16:00:08 +1000 <![CDATA[RNS press release - La Parrilla Project Update ]]> Thu, 13 Sep 2018 16:00:08 +1000 <![CDATA[RNS press release - Half-year Report to 30 June 2018 ]]> Mon, 10 Sep 2018 16:00:06 +1000 <![CDATA[RNS press release - Rio Tinto & Lundin Mining Execs Strengthen Team ]]> Wed, 05 Sep 2018 16:00:14 +1000 <![CDATA[RNS press release - Director/PDMR Shareholding ]]> Thu, 09 Aug 2018 02:33:44 +1000 <![CDATA[RNS press release - Director/PDMR Shareholding ]]> Tue, 31 Jul 2018 16:06:24 +1000 <![CDATA[Media files - W Resources pushing into gold with positive drilling results from Sao Martino site ]]> Wed, 18 Jul 2018 16:37:00 +1000 <![CDATA[RNS press release - Thick Gold intersections and high grades ]]> Fri, 13 Jul 2018 16:00:03 +1000 <![CDATA[News - W Resources says initial assays results from São Martinho project in Portugal has shown thick gold intersections ]]> W Resources PLC (LON:WRES) has revealed that initial assays results from the reverse circulation (RC) drilling campaign at its São Martinho gold project in Portugal has shown thick gold intersections and high grades.

The AIM-listed tungsten, copper and gold exploration and development company with assets in Spain and Portugal said highlights from the first seven holes of the 15-hole campaign are a 25-metre intersection of gold at 0.85 grams per tonne (g/t), with 11 metres including 3.35 g/t of gold over 3 metres.

WATCH: W Resources pushing into gold with positive drilling results from Sao Martino site

The group added that it has now completed 2,000 metres of drilling and the results are being evaluated and the full results will be reported once complete.

It said the objective of the RC drilling is to extend the current resources outlined, integrating the data from the 2016 diamond drilling results with the expansion from this campaign.

W Resources pointed out that maiden JORC resource on São Martinho was completed by Golder Associates in June 2016 which confirmed an Indicated Resource estimate of 3Mt at 1.04g/t gold, which equates to 111,987ounces in contained gold.

Michael Masterman, W Resources’ chairman commented: "As we progress development work in Portugal, we are pleased to continue to get strong gold intersections from the drilling programme which is helping better delineate to deposit.”

Fri, 13 Jul 2018 07:29:00 +1000
<![CDATA[RNS press release - Result of AGM ]]> Fri, 29 Jun 2018 20:30:53 +1000 <![CDATA[Media files - W Resources 'very much on schedule, on budget' with construction at La Parrilla ]]> Thu, 28 Jun 2018 18:04:00 +1000 <![CDATA[RNS press release - Steelwork & Equipment Deliveries at La Parrilla ]]> Wed, 27 Jun 2018 16:00:04 +1000 <![CDATA[News - W Resources says development is “advancing well” at La Parrilla project in Spain ]]> W Resources PLC (LON:WRES) has announced that development work is “advancing well and remains on schedule and on budget” at its flagship La Parrilla tungsten project in Spain.

The AIM-listed firm said concrete and civil works are now complete for the crusher and Metso Minerals Portugal Lda and steelwork contractor Disteca have commenced structural steel delivery at the La Parrilla site.

READ: W Resources reports high-grade tungsten at Tarouca licence in Portugal

W Resources said the earthworks are nearing completion for the jig & mill and work on the foundations will be completed mid to late July with construction of the jig & mill on schedule for the fourth quarter.

The firm said the engineering work for the installation of the concentrator is now complete and 3D steelworks engineering is underway, with the civil works and concrete foundations on schedule to be completed in the third quarter of 2018 and construction on track for completion in the first quarter of 2019.

Michael Masterman, Chairman of W Resources commented: "With La Parrilla project finance in place and the engineering and procurement preparation at an advanced stage, on site construction is underway and we expect to complete construction of both the crusher and the jig & mill in the December quarter.”

He added: “We are in the strongest financial position we have ever been in with €17m cash at bank and tracking strongly to revenue and profits in 2019."

In a note to clients, analysts at Nortland Capital said: “Despite the extensive de-risking the company has been through during the first half of 2018, the company has yet to see a significant share price re-rating and we believe the company looks very good value at these levels.”

In morning trading, W Resource’s shares rose 3.5% to 0.44p

 -- Adds broker comment, share price --


Wed, 27 Jun 2018 08:07:00 +1000
<![CDATA[RNS press release - High-grade Tungsten at Tarouca ]]> Thu, 07 Jun 2018 16:00:06 +1000 <![CDATA[Media files - W Resources' Portuguese portfolio developing, with high-grade tungsten-tin at Tarouca ]]> Thu, 07 Jun 2018 09:52:00 +1000 <![CDATA[News - W Resources reports high-grade tungsten at Tarouca licence in Portugal ]]> W Resources PLC (LON:WRES) has said its advanced exploration in Portugal is progressing well, with high-grade tungsten zones identified at Tarouca.

The AIM-listed firm said its 1,515 metre Reserve Circulation (RC) drilling campaign at the Tarouca Tungsten and tin exploration licence has identified very high tungsten grade intersections. The next step will be resource modelling with a view to prepare a trial mine application later this year.

READ: W Resources says La Parilla on track to come on stream at propitious time

The company said the RC rig has successfully completed 2,000 metres of drilling at the Sao Martinho gold deposit in Central Portugal.

Also, the RC rig has now been mobilised to the Azeiteiros copper mine and target anomalies, where a 2,000 metre RC drilling campaign will be completed through June and July.

Michael Masterman, chairman of W Resources, said:  "We have intersected some very high-grade tungsten zones at Tarouca and are increasingly confident that this project can provide additional high-grade feed to our Régua mine development, just 20km to the north.”

He added: “The results provide greater clarity on the geological structure and the potential to follow grade extensions. Work will shortly commence on a resource estimate and planning for a trial mine application.”

"Our advanced tungsten, gold and copper exploration programme is in full swing and we look forward to advancing São Martinho, the completion of the drilling at Azeiteiros and the target copper anomalies being identified later this year," he concluded. 

Thu, 07 Jun 2018 07:35:00 +1000
<![CDATA[RNS press release - Notice of AGM ]]> Fri, 01 Jun 2018 16:00:07 +1000 <![CDATA[News - W Resources says La Parrilla on track to come on stream at propitious time ]]> W Resources PLC (LON:WRES), the tungsten, copper and gold exploration and development company, said the development of its La Parilla asset is well-timed.

During the course of 2017, European ammonium paratungstate (APT) rose by more than 60% to current price levels, creating very solid market conditions to bring W Resources' tungsten mines on stream, the company noted in its full-year results statement.

READ: W Resources on track for first tungsten production at La Parrilla within a year

"The key priority and focus for the company is to complete construction development and commissioning of La Parrilla. Market conditions are strong and the development is well timed to meet emerging supply shortages,” said Michael Masterman, the chairman of W Resources.

2017 proved to be the critical year to lay the foundations for the financing and move to full development of La Parrilla and Régua in North-western Portugal, Masterman told shareholders.

In early 2018, W Resources delivered on its objective to fund the La Parrilla Mine in south-western Spain and is rapidly moving to complete construction and commissioning of the mine and processing plant as well as advancing its core Portuguese tungsten, copper and gold assets, it added.

The explorer earned no revenue in 2017. The loss before tax narrowed to £732,000 from £854,000 in 2016.

Fri, 01 Jun 2018 07:30:00 +1000
<![CDATA[RNS press release - Replacement: Final Draw Down Completes US$35m ]]> Thu, 31 May 2018 20:30:04 +1000 <![CDATA[Media files - W Resources 'delighted' with terms of BlackRock funding agreement for La Parrilla ]]> Wed, 30 May 2018 20:53:00 +1000