RNS Number: 6441 W W Resources PLC 18 April 2019. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Early Exercise of Warrants to Raise up to £1,035,000. W Resources Plc, the tungsten, copper and gold mining company with assets in Spain and Portugal, has through its broker Turner Pope Investments Ltd offered its Existing Warrant holders early exercise of 210,714,286 warrants to acquire new ordinary shares of 0.1 p each in the Company with a strike price of...
W Resources (WRES LN) 0.53p, Mkt Cap £30.7m – Commissioning of the jig and mill plant underway at La Parilla • W Resources has confirmed that commissioning is now underway for the Jig and Mill plant at its La Parilla tungsten operation in Spain. • The plant is designed to upgrade feed to the concentrator plant “allowing for a significant upgrade in production rates”. • The company also says that “the new large scale Concentrator Plant … is scheduled for construction completion this quarter”. • Commenting on the progress, Chairman, Michael Masterman, said “The commencement of commissioning the La Parrilla Jig and Mill Plant following construction completion is a very important milestone as we advance to full completion of the 2 million tonne per annum plant. We expect to be able to feed crushed ore to the Jig and Mill Plant in late April and then process it through our existing Concentrator Plant.”
W Resources Plc (WRES.L) Announced that commissioning of the Jig and Mill Plant has commenced at La Parrilla in Spain. The Jig and Mill Plant will upgrade the La Parrilla ore, efficiently reject barren material, and prepare material for feed to the Concentrator Plant. W will feed 100% of the output of the Jig and Mill Plant once fully commissioned to the existing Concentrator Plant with upgraded and milled mine feed allowing a significant upgrade in production rates. The mine is primed for scale-up with preparatory grade control drilling completed and the ramp from the Fast Track Mine ("FTM") area to the Crusher Plant also completed. The first hard rock blasting of the 10m benches in the FTM area is also scheduled for this month. The mining contract will be executed this month and the mining fleet mobilisation is underway following the arrival of a Komatsu HD605 rigid truck.
RNS Number: 3117 W W Resources PLC 16 April 2019. Jig& Mill Plant Completed for Commissioning. W Resources Plc, the tungsten, copper and gold mining company with assets in Spain and Portugal, is pleased to confirm that commissioning of the Jig and Mill Plant has commenced at La Parrilla in Spain..
W Resources Plc (WRES.L) Announced a high-grade intersection in recent Diamond Core and Reverse Circulation drilling at its Régua mine development in Northern Portugal. The company stated that it has completed over 2.73 km of drilling comprised of 916 metres of diamond core drilling plus 1,809 metres of RC drilling. Further, the results confirmed the higher grade zones closer to the planned mine portals chosen for initial mining operations including 29 metres at 0.75% WO3 from hole RGR015 and 6 metres at 0.43% WO3 from hole RGR020.
W Resources (WRES LN) 0.475p, Mkt Cap £27.5m – Drilling confirms wide high grade mineralisation at Regua W Resources reports that results of 916m of diamond core drilling and 1809m of reverse-circulation drilling have demonstrated the presence of thick intersection of higher grade tungsten mineralisation “closer to the planned mine portals chosen for initial mining operations”. The company highlights the following results: A 12.55m wide intersection averaging 0.68% tungsten trioxide from a depth of 9.35m in diamond-drill hole RGD034, which also contained a second mineralised intersection of 12.00m width averaging 0.64% from a depth of 79.95m; and A 4.80m wide intersection averaging 0.44% tungsten trioxide from a depth of 154.30m in diamond drill hole RGD035; and A 12.00m wide intersection averaging 0.39% tungsten trioxide from a depth of 109.50m in diamond-drill hole RGD036, which also contained a second mineralised intersection averaging 0.43% over 15.20m from a depth of 140.80m; and A 3.66m wide intersection averaging 0.84% tungsten trioxide from a depth of 132.42m in diamond-drill hole RGD040; and A 4.00m wide intersection averaging 0.50% tungsten trioxide from a depth of 41.00m in reverse-circulation drill hole RGR015, which also contained a second mineralised intersection averaging 0.75% over 29.00 from a depth of 77.00m; and A 4.00m wide intersection averaging 0.44% tungsten trioxide from a depth of 58.00m in reverse-circulation drill hole RGR016; and An 6.00m wide intersection averaging 0.43% tungsten trioxide from a depth of 71.00m in reverse-circulation drill hole RGR020, which also contained a second mineralised intersection averaging 0.26% over 12.00 from a depth of 79.00m as well a further 4.00m averaging 0.90% from 93.00m; and A 4.00m wide intersection averaging 0.58% tungsten trioxide from a depth of 93.00m in reverse-circulation drill hole RGR021; and A 7.00m wide intersection averaging 0.42% tungsten trioxide from a depth of 99.00m in reverse-circulation drill hole RGR023, which also contained a second mineralised intersection averaging 0.31% over 7.00 from a depth of 161.00m. The company confirms that the existing mineral resource estimate for the Regua deposit as 5.46mt at an average grade of 0.28% tungsten trioxide. The results of the recent drilling programme will, no doubt, be incorporated in a revision to this estimate at some stage and the relatively wide and high grade intersections reported today may provide a positive impact although the scale of that impact will depend, amongst other factors, on the geometry of the mineralised body. Commenting on wat he described as “the exceptionally good drilling results” at Regua Chairman, Michael Masterman said that they “bode well for increase in mine feed grades and overall resource tonnages. The high grade zones are thicker and closer to the planned two mining portals providing the potential for higher ROM feed grades and lower unit costs. We will now complete updated resources estimates and optimise initial mine plans.” Conclusion: Recent drilling results from Regua are to be incorporated in an updated mineral resources estimate and to revisions to the mine plan. We look forward to these updates when they are available.
RNS Number: 5776 U W Resources PLC 01 April 2019. W Resources Plc, the tungsten, copper and gold mining company with assets in Spain and Portugal, is pleased to report high-grade intersections from recent Diamond Core and Reverse Circulation drilling at its Régua mine development in Northern Portugal.. Michael Masterman, Chairman of W Resources, commented: "The...
W Resources (WRES.L) W Resources has announced that the jig and mill for its flagship La Parrilla tungsten-tin project are on schedule for mechanical completion in the current month and the majority of equipment for the company’s new concentrator is now on site. With completion of these key phases of development imminent and most other infrastructure work complete, we expect that the company will be able to ramp-up production significantly in Q2 2019. At W’s core La Parrilla project in southwest Spain, the company has indicated that the jig and mill plant are on track for mechanical completion in late March 2019. The majority of the steel and equipment has already been installed with electrical and instrumentation installation underway. Jig plant commissioning is expected to start in early April with first crushed ore feed into the jig plant in April 2019.
RNS Number: 1358 T W Resources PLC 18 March 2019. W Resources Plc, the tungsten, copper and gold mining company with assets in Spain and Portugal, is pleased to provide an update on development progress at La Parrilla, its flagship tungsten-tin project in Spain and on progress at Régua, Tarouca and São Martinho in Portugal.. The majority of the equipment for the new...
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WRES - TPI latest Research - W Resources Ramping up la Parrilla tungsten production...
W Resources Plc TPI are pleased to announce the latest research note on W Resources (WRES.L). W Resources has made significant progress over the last twelve months. In particular, tungsten and tin production commenced at La Parrilla in Q4 last year and first shipments to a European customer were made at the end of November 2018. With several mining process milestones at La Parrilla expected to be completed over the next six months, we are confident that the company is on track to attain its planned run rate of 2,500 tonnes per annum of tungsten concentrate within the next twelve months. The last two months of 2018 were marked by several operational milestones for W’s flagship La Parrilla project in Spain. In particular, early production commenced from the existing concentrator using tailings feed in November 2018 and with the completion of the La Parrilla crusher in December, the company is expecting to ramp-up in production from Q1 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, W has three tungsten projects: La Parrilla in Spain, Régua and Tarouca in Portugal; the CAA Portalegre gold/copper project in Portugal and the Monforte-Tinoca copper project in Portugal. With two large low cost tungsten mines in development, the focus is on the Fast Track development of La Parrilla and Régua
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