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W Resources PLC - La Parrilla Production Update

RNS Number : 9167U
W Resources PLC
28 November 2019
 

 

 

 

 

 

28 November 2019

 

W Resources Plc

("W" or the "Company")

La Parrilla Tungsten and Tin Concentrate Production Update

W Resources Plc (AIM: WRES), the tungsten, tin and gold mining company with assets in Spain and Portugal, has commenced production of tungsten and tin concentrate for sale at its flagship La Parrilla mine, an important stage in the T2 ramp-up phase. This sets the Company on-track towards achieving its target 2 million tonnes per annum run-of-mine, to produce 2,700 tonnes of WO3 concentrate.

With the new concentrator complete, W is now producing tungsten and tin concentrate in line with the La Parrilla standard concentrate specifications. Initial tungsten concentrate grades meet the shipment criteria levels and will continue to improve as the plant reaches steady-state production. The first shipment shipments to customers from the new concentrator are scheduled for December.

The plant is currently running on day shifts and will move to 24-hour operation in December 2019, which will allow a significant increase in throughput.

Mining and crushing operations are fully operational and at 3:15pm on 25 November 2019, W completed its latest blast at La Parrilla of 90,000 tonnes of ore and rock providing significant inventory of ore feed. This is the largest blast to date and can be viewed at https://youtu.be/5KTsihAee_E.

Michael Masterman, Chairman of W Resources commented: "We have now reached this significant milestone at La Parrilla as we commence commercial tungsten and tin production and have achieved stable operating plant performance. We are pleased with initial concentrate production grades, which we anticipate will continue to improve as we move up the ramp-up curve and transition to 24-hour plant operations in December."

Enquiries:

W Resources Plc

Michael Masterman

T: +44 (0) 20 7193 7463

www.wresources.com

 

Grant Thornton UK LLP

Colin Aaronson / Seamus Fricker

T: +44 (0) 20 7383 5100

 

 

Joint Broker

Turner Pope Investments (TPI) Ltd

Andy Thacker / Zoe Alexander

T: +44 (0) 203 657 0050

www.turnerpope.com

 

Alma PR

Justine James

M: +44 (0) 7525 324431

[email protected]

Joint Broker

Alternative Resource Capital / Shard Capital

Alex Wood

T:+44 (0) 207 186 9004

www.altrescap.com

Damon Heath

T:+44 (0) 207 186 9952

www.shardcapital.com

 


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Price: 0.255

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Market Cap: £16.55 m
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