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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| W Resources Plc | LSE:WRES | London | Ordinary Share | GB00BKQN5R41 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.65 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
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:
Hot Features
Premium
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
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
DRLLFFSILVLDFIA
(END) Dow Jones Newswires
November 28, 2019 02:00 ET (07:00 GMT)
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