W Resources PLC La Parrilla Management Team and Shipments Update (4171W)
23 Abril 2021 - 01:00AM
UK Regulatory
TIDMWRES
RNS Number : 4171W
W Resources PLC
23 April 2021
23 April 2021
W Resources Plc
("W" or the "Company")
La Parrilla Management Team and Shipments Update
W Resources Plc (AIM:WRES), the tungsten, tin and gold mining
company with assets in Spain and Portugal, has appointed Mr. Jesus
Martin as Plant Manager at the La Parrilla tungsten and tin project
in Spain.
Jesus will bring more than 40 years of experience operating
metallurgic and gravimetric plants, mostly on tungsten and tin
projects in Spain, including: Rodalquilar, Los Santos, Penouta and
most recently the Barruecopardo tungsten mine in Western Spain.
The senior La Parrilla management team includes Pablo Neira -
Managing Director (Spain), Juan Garcia Valledor - Mine Manager and
Jesus Martin - Plant Manager. This appointment strengthens the
management team at a key stage in the production ramp up at La
Parrilla.
With the team at full strength, concentrate recovery rates
increasing and progress being made to lower the water levels at the
mine, W looks forward to regaining access to the high-grade ore
bodies and increasing production.
Shipments
In the quarter to date, W Resources has made three shipments
with a fourth scheduled for later this month:
-- Two shipments of 20t of tungsten concentrate
-- One shipment of 19.3t of tin concentrate
-- One shipment of 20t of tungsten concentrate is scheduled for 30 April 2021
Michael Masterman, Chairman of W Resources, commented: "I am
pleased to welcome Jesus Martin to the La Parrilla management team.
With the plant improvement plan recently completed he brings with
him extensive experience and mining knowledge and strengthens the
management team as we move towards reaching our T2 production
run-rate later this year.
"We are making good progress this month and have already shipped
40t of tungsten concentrate and 19.3t of tin concentrate, with
further shipments confirmed in the coming weeks."
Information communicated within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014 which is part of UK law by virtue of
the European Union (withdrawal) Act 2018. Upon the publication of
this announcement, this inside information is now considered to be
in the public domain.
Enquiries:
W Resources Plc Grant Thornton UK LLP
Paul Hailes, CFO Colin Aaronson / Harrison Clarke/
investor@wresources.com Seamus Fricker / Lukas Girzadas
www.wresources.com T: +44 (0) 20 7383 5100
Joint Broker Joint Broker
Turner Pope Investments (TPI) Alternative Resource Capital /
Ltd Shard Capital
Andy Thacker / Zoe Alexander Alex Wood
T: +44 (0) 203 657 0050 T:+44 (0) 20 7186 9004
www.turnerpope.com www.altrescap.com
Damon Heath
T:+44 (0) 20 7186 9952
www.shardcapital.com
Alma PR
Justine James
T: +44 (0) 20 3405 0205
M: +44 (0) 7525 324431
wres@almapr.co.uk
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END
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