W Resources Plc, the tungsten, tin and gold mining company with assets in Spain and Portugal, confirms it has secured a new €500,000 revolving credit facility with leading Spanish Bank; CaixaBank, S.A providing ramp up working capital financing outlined in the Company announcement on 15 November 2019.. Chairman, Michael Masterman commented: "We are pleased to...
RNS Number: 2035 V W Resources PLC 29 November 2019. W Resources Plc, the tungsten, tin and gold mining company with assets in Spain and Portugal, has issued 90,000,000 ordinary shares of 0.1 p per share at a price of 0.40 p per Ordinary Share to a new Spanish investor who has experience in the mining industry for a total placement value of £360,000.
RNS Number: 9167 U W Resources PLC 28 November 2019. La Parrilla Tungsten and Tin Concentrate Production Update. W Resources Plc, 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.
W Resources Plc, the tungsten, tin and gold mining company with assets in Spain and Portugal, has advanced a funding package of circa €2.78 m. The funds will be used to advance the ramp-up of La Parrilla to design capacity and to provide working capital to supplement the Company's existing cash resources of approximately €155 k. An initial amount of €1.358 m...
RNS Number: 7680 S W Resources PLC 08 November 2019. La Parrilla First Concentrate and Financing Update. W Resources Plc, the tungsten, tin and gold mining company with assets in Spain and Portugal, is pleased to provide an update on progress and funding at the La Parrilla mine in Spain..
W Resources (WRES) 0.38p £23.62m W Resources, the tungsten, tin and gold mining company announces that it has fed first upgraded jigged ore to the new Concentrator Plant at La Parrilla in Spain. First ore was fed to the new La Parrilla Concentrator Plant on 17 October 2019 for tungsten production at this world-class, low-cost mining project. Over the last month, an extensive programme of automated systems installation and commissioning was completed on the Concentrator Plant. Commissioning is also complete on the spiral and shaking table plants and the concentrator thickener. Commissioning of the floatation, magnetic and electrostatic separators is underway and allmineral Aufbereitungstechnik GmbH & Co. KG has advised they expect this will be completed in the coming weeks
RNS Number: 4584 Q W Resources PLC 21 October 2019. First Ore Fed to La Parrilla Concentrator Plant. W Resources Plc, the tungsten, tin and gold mining company is pleased to announce that it has fed first upgraded jigged ore to the new Concentrator Plant at La Parrilla in Spain..
W Resources Plc, the tungsten, tin and gold mining company with assets in Spain and Portugal, announces its half year results for the six months ended 30 June 2019.. La Parrilla, Tungsten and Tin, Spain. Régua and Tarouca, Tungsten, Portugal.
€1 m placement to Spanish Investors at 0.5 p. W Resources Plc, the tungsten, copper and gold mining company with assets in Spain and Portugal, has completed a placement of 185,511,200 ordinary shares of 0.1 p per share at a price of 0.50 p per Ordinary Share to raise £927,556 before expenses, to two Spanish Investors.. The funds raised from the subscription will be...
CORRECTION: Corporate and €5.3 m Grant Update. The following amendment has been made to the' Corporate and €5.3 m Grant Update' announcement released on 9 September 2019 at 10:02am under RNS No 6453 L. The first bullet point should read' loan of €3 m at 1.75%' not' loan of €3 m at 3.00%' as previously stated..
With completion of the plant construction, the Company has now satisfied the two major conditions required to apply for the €5.3 m Grant from the Junta de Extremadura. ·Caja Rural de Extremadura provided a loan of €3 m at 3% interest rate against the previously awarded €5.3 m Grant, from the Junta de Extremadura Government. At 30 June 2019, cash at bank was...
W Resources (WRES LN) 0.4p, Mkt Cap £24.1m –La Parilla concentrator moves into commissioning phase • W Resources reports that the commissioning of the new concentrator plant at the La Parilla tungsten mine in Spain has started and that “Commissioning of the spirals and shaking tables buildings 'on water' has commenced”. • Initial ore feed through the plant, leading to the first concentrate production, is expected during September. • Chairman, Michael Masterman, confirmed that “The Crusher and Jig & Mill Plants are operations ready and we have maintained the low-cost nature of this impressive world class project by ensuring each phase is delivered to the highest standards as we prepare for first concentrate production in September”.
W Resources PLC (WRES) 0.4p £23.52m W Resources Plc, the tungsten, tin and gold mining company announces an update on its flagship project, La Parrilla in Spain. The La Parrilla Concentrator Plant has commenced commissioning following the detailed installation of the Motor Control Centre including all electrical connections and associated plant completion work. Commissioning of the spirals and shaking tables buildings 'on water' has commenced, which is an important phase prior to feeding ore through. Ore will be introduced into the circuit with first concentrate production from the new Concentrator Plant planned in September, as announced on 7 August 2019.
W Resources strategy is to build a European mining company focussed on delivering long term production of tungsten, a key strategic metal with strong market fundamentals. With five projects in Spain and Portugal, its flagship project, La Parrilla in Spain, is one of the world’s largest tungsten mines, where production commenced in late 2018 and is expected to deliver significant earnings growth in 2019. W has four further projects in Portugal, two tungsten projects Régua and Tarouca; the CAA Portalegre gold/copper project and the Monforte-Tinoca copper project. The focus for 2019 is scaling up production at La Parrilla and the development of Régua.
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