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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: 0.145 GBX

AIM:WRES
Market: AIM
Market Cap: £9.72 m
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W Resources PLC (LON:WRES) chairman Michael Masterman tells Proactive Investors about the first T2 mine blast at the La Parilla Tungsten Project in western Spain, successfully shot on April 30, 2019.    Masterman said the event was significant for the company and represented...

on 2/5/19

2 min read