W Resources PLC La Parrilla Production Update (9167U)
28 Noviembre 2019 - 1:00AM
UK Regulatory
TIDMWRES
RNS Number : 9167U
W Resources PLC
28 November 2019
28 November 2019
W Resources Plc
("W" or the "Company")
La Parrilla Tungsten and Tin Concentrate Production Update
W Resources Plc (AIM: WRES), the tungsten, tin and gold mining
company with assets in Spain and Portugal, has commenced production
of tungsten and tin concentrate for sale at its flagship La
Parrilla mine, an important stage in the T2 ramp-up phase. This
sets the Company on-track towards achieving its target 2 million
tonnes per annum run-of-mine, to produce 2,700 tonnes of WO(3)
concentrate.
With the new concentrator complete, W is now producing tungsten
and tin concentrate in line with the La Parrilla standard
concentrate specifications. Initial tungsten concentrate grades
meet the shipment criteria levels and will continue to improve as
the plant reaches steady-state production. The first shipment
shipments to customers from the new concentrator are scheduled for
December.
The plant is currently running on day shifts and will move to
24-hour operation in December 2019, which will allow a significant
increase in throughput.
Mining and crushing operations are fully operational and at
3:15pm on 25 November 2019, W completed its latest blast at La
Parrilla of 90,000 tonnes of ore and rock providing significant
inventory of ore feed. This is the largest blast to date and can be
viewed at https://youtu.be/5KTsihAee_E.
Michael Masterman, Chairman of W Resources commented: "We have
now reached this significant milestone at La Parrilla as we
commence commercial tungsten and tin production and have achieved
stable operating plant performance. We are pleased with initial
concentrate production grades, which we anticipate will continue to
improve as we move up the ramp-up curve and transition to 24-hour
plant operations in December."
Enquiries:
W Resources Plc Grant Thornton UK LLP
Michael Masterman Colin Aaronson / Seamus Fricker
T: +44 (0) 20 7193 7463 T: +44 (0) 20 7383 5100
www.wresources.com
Joint Broker Joint Broker
Turner Pope Investments (TPI) Ltd Alternative Resource Capital /
Andy Thacker / Zoe Alexander Shard Capital
T: +44 (0) 203 657 0050 Alex Wood
www.turnerpope.com T:+44 (0) 207 186 9004
www.altrescap.com
Alma PR Damon Heath
Justine James T:+44 (0) 207 186 9952
M: +44 (0) 7525 324431 www.shardcapital.com
wres@almapr.co.uk
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END
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