logo-loader
viewW Resources PLC

W Resources sells first tungsten concentrate shipment as La Parrilla ramp up continues

"We are pleased to have produced nearly 30 tonnes of tungsten and tin concentrate (combined) and sold and banked proceeds from our first tungsten shipment from the new concentrator plant,” said Michael Masterman.

W Resources PLC - W Resources sells first tungsten concentrate shipment as La Parrilla ramp up continues

W Resources PLC (LON:WRES) told investors that it has sold its first shipment of tungsten concentrate from the La Parrilla mine, and, it confirmed that the proceeds have been received.

The company said that production increased through December, with operations moving to a 24-hour schedule from 18 December – albeit the company noted that the positive impact was offset by fine-tuning work that required both planned and unplanned shutdowns.

READ: W Resources La Parrilla operations now running 24-hours

Tungsten concentrate production in the fourth quarter amounted to 21.4 tonnes, while 7.9 tonnes of tin concentrate were produced. These volumes are expected to ramp up substantially in the current quarter, the company added.

"We are pleased to have produced nearly 30 tonnes of tungsten and tin concentrate (combined) and sold and banked proceeds from our first tungsten shipment from the new concentrator plant,” said Michael Masterman, W Resources chairman.

He added: “Mining and grade control is broadly in line with 2017 FID with higher tin grades currently driving higher than expected tin production."   

Quick facts: W Resources PLC

Price: 0.1515 GBX

AIM:WRES
Market: AIM
Market Cap: £10.15 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of W Resources PLC named herein, including the promotion by the Company of W Resources PLC in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

W Resources aims for large-scale production after first T2 mine blast at La...

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