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W Resources 'very much on schedule, on budget' with construction at La Parrilla

W Resources PLC (LON:WRES) chairman Michael Masterman provides Proactive Investors an update on development works at the tungsten, copper and gold exploration and development company's flagship La Parrilla tungsten project in Spain.

In a $25 million endeavor, W Resources is building a processing plant on site, consisting of a crusher, a jig & mil, and concentrator. Concrete and civil works are now complete for the crusher. Crusher equipment has been fabricated in a plant, and is being delivered and erected on site in time with structural steel works. A contract has been awarded for the fabrication of the jig & mill and the concentrator. Earthworks to support the jig & mill are nearing completion. Engineering work for the installation of the concentrator is now complete, with steelworks engineering underway, and civil works and concrete foundations set to follow.

Production from La Parrilla is expected to commence in Q1 2019.

Quick facts: W Resources PLC

Price: 0.1175 GBX

Market: AIM
Market Cap: £8.43 m

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on 2/5/19

2 min read