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Earthworks now underway at W Resources’ La Parrilla tungsten mine in Spain

Following the completion of financing in February, construction is now moving ahead

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Tungsten prices have firmed over the past 12 months

W Resources PLC (LON:WRES) has commenced earthworks at its La Parrilla tungsten mine in Spain, following the mobilisation of the construction team to site.

Site preparation works are underway with earthworks pads for the offices and key construction infrastructure nearing completion.

READ: W Resources subsidiary grabs Spanish development grant for La Parrilla project

The crusher engineering is 75% finalised and the structural steel contract is likely to be awarded this month.

The crusher plant site works are on schedule to commence this month with the first concrete pour planned for May. Steel installation is scheduled to follow quickly thereafter with the crushing plant equipment delivered to site as needed.

"Overall W has moved quickly into a position where by the end of March 2018 approximately 60% of the total project commitments have been placed in firm contracts or purchase orders, providing good momentum in just over a month from financing completion, " said chairman Michael Masterman.

In the June quarter the company plans to set up a time lapse camera to provide periodic update footage to demonstrate on-site progress.

 

Quick facts: W Resources PLC

Price: 0.32 GBX

AIM:WRES
Market: AIM
Market Cap: £20.41 m
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on 2/5/19

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