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W Resources gets trial mining licence for Regua in Portugal

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W Resources (LON:WRES) has been awarded a trial mining licence at its Régua tungsten deposit in Portugal. 

The new licence, Villa Seca, covers the initial mining areas in the Régua deposit over an area of 4.74sq km. 

A conceptual mine study on the project was carried out in 2013 and the trial mining licence will allow W to continue with drilling, metallurgy testing and to commence initial mining. 

Régua has a JORC compliant resource from 2008 of 4.46mln tonnes grading 0.308% WO3 (tungsten). The deposit has not previously been mined and has good infrastructure and road access, W said. 

Michael Masterman, W Resources’ chairman, said: "The Régua trial mining licence grant is a tangible milestone for the project and the company is now well positioned to advance towards the feasibility study and initial mining and tungsten production."

W Resources recently started tailings processing at La Parrilla, where it is also developing a new tungsten mine.

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Price: 0.329 GBX

AIM:WRES
Market: AIM
Market Cap: £21.35 m
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