W Resources PLC First Tungsten Shipment from the La Parrilla Mine (1458J)

TIDMWRES

RNS Number : 1458J

W Resources PLC

03 December 2018

3 December 2018

W Resources Plc

("W" or the "Company")

First Tungsten Export Shipment from the La Parrilla Mine

W Resources Plc (AIM:WRES), the tungsten, copper and gold mining company with assets in Spain and Portugal, is delighted to announce the first shipment of tungsten concentrate from its La Parrilla Mine following the early start-up of production as part of a planned staged build-up to full mine production in H1 2019.

Michael Masterman, Chairman of W Resources, commented: "We are delighted to have delivered our first shipment of tungsten concentrate to our European customer on 30 November 2018. W has now commenced the first of a three stage production programme which allows the Company to generate revenue and cash flow ahead the move to large scale production in 2019 at a planned run rate of 2,500 tonnes per annum of tungsten concentrate. Export shipment size will build through December and the new year."

Enquiries:

 
W Resources Plc                    Grant Thornton UK LLP 
Michael Masterman                  Colin Aaronson / Jen Clarke 
                                    / Seamus Fricker 
T: [phone]            T: [phone] 
www.wresources.com 
 
Turner Pope Investments (TPI) Ltd  Gable Communications 
Andy Thacker                       Justine James 
T: [phone]            T: [phone] 
www.turnerpope.com                 M: [phone] 
 

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December 03, 2018 02:01 ET (07:01 GMT)