The company delivered a loss for the year of just under €3mln, as it began to build up a head of steam at its tungsten operations in Spain and Portugal.
There was €2.46mln in the bank at the year end.
"Whilst 2019 was a very challenging year with the core priority being completion of the La Parrilla plant and commencement of production and ramp-up, La Parrilla is in operation and is starting to reap the benefits from the substantial plant improvement programme executed over the last 3 months,” said W Resources chairman Michael Masterman in a statement.
“The bulk of the operational plant improvements have been installed and are now operational. We are of the view that the plant can progressively increase both recoveries and utilisation to increase production to design capacity."