W Resources PLC La Parrilla: Completion of the 500,000m3 dam (0203C)
16 Junio 2021 - 01:00AM
UK Regulatory
TIDMWRES
RNS Number : 0203C
W Resources PLC
16 June 2021
16 June 2021
W Resources Plc
("W" or the "Company")
La Parrilla: Completion of the 500,000m(3) dam
W Resources Plc (AIM:WRES), the tungsten, tin and gold mining
Company with assets in Spain and Portugal, is pleased to announce
it has successfully completed the construction of a new water dam
at the La Parrilla mine in Spain in order to resolve the issue of
the high water levels. Dewatering of the mine pit is now underway
and once water levels are reduced the team will be in a position to
safely regain access to high-grade ore areas.
The 500,000m(3) dam is receiving water from the mine pit at a
rate of 2,500m(3) per hour, which will enable access to the next
level of fresh ore in the next few days. Construction of this dam
has been hugely successful with staff and contractors working
tirelessly to complete this stage of the project.
The final phase of the project to provide a permanent solution
to the water issues at La Parrilla, comprising of a second dam, is
currently at the design stage and is expected to be completed in Q4
2021.
Michael Masterman, Chairman of W Resources, commented: " After
an arduous process we are delighted to have completed construction
of the 500,000m(3) dam at La Parrilla enabling us to proceed with
the full scale dewatering of the mine pit. This is a major
milestone and importantly will lift the constraint to our mining
operations enabling us to accelerate the process of regaining
access to and recovery of the higher-grade ore."
"I would like to personally thank our Engineering Manager, Elías
Perez who along with the whole team at La Parrilla, executed this
important project on behalf of the Company in such an enthusiastic
and professional manner."
The information contained 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 / 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 / James Pope 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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