RNS Number: 3482 J W Resources PLC 16 August 2019. W Resources Plc, the tungsten, copper and gold mining company with assets in Spain and Portugal, was notified by the Company's Chairman, Mr Michael Masterman on 16 August 2019 that on 15 August 2019 Symmall Pty Ltd, of which Mr Michael Masterman is both a beneficiary and trustee, purchased 15,000,000 ordinary shares...
W Resources PLC TPI is pleased to provide its latest research note on W Resources Plc (WRES.L). W Resources (WRES) is currently focused on near-term production from its wholly owned La Parrilla tungsten and tin mine located in southwest Spain. The Company is in the final construction stage of the new large-scale concentrator plant and has already commissioned the new crusher and jig plants. The newly commissioned crusher and jig plants are now operating at near design capacity. As such, we expect the Company will be able to ramp-up production during Q3 2019.
RNS Number: 0804 J W Resources PLC 14 August 2019. W Resources Plc, the tungsten, copper and gold mining company with assets in Spain and Portugal, was notified by the Company's Chairman, Mr Michael Masterman on 14 August 2019 that on 13 August 2019 Symmall Pty Ltd, of which Mr Michael Masterman is both a beneficiary and trustee, purchased 10,000,000 ordinary shares...
W Resources Plc (WRES.L) Announced an update on its flagship project La Parrilla in Spain and further detail on its projects in Portugal, that At La Parrilla, the mine is in the final stages of construction and following delivery of the Motor Control Centre (MCC) the team is completing the final electrical connections in the lead up to full commissioning of the large-scale Concentrator Plant.
W Resources (WRES LN) 0.415p, Mkt Cap £25.0m –La Parilla moving towards production from new concentrator • W Resources reports that it expecting the new concentrator plant at La Parilla to deliver its first production during the September quarter. • The “team is completing the final electrical connections in the lead up to full commissioning of the large-scale Concentrator Plant.” In the meantime, processing through the existing plant at La Parilla, has reached 19.8 tonnes of concentrate, comprising 16 tonnes of tungsten concentrate and 3.8 tonnes of tin concentrate. • The company confirms that this is “slightly lower than earlier guidance of 20t WO3 concentrate, reflecting the constraints on efficient pre-concentrate movement between plants and, in particular, due to the limitations of the old Concentrator Plant which was designed for tailings and not ore feed”. • On the positive side, however, operating the old plant has “provided critical information to enhance and fine-tune the performance of the new large-scale Concentrator Plant”. • Among the enhancements resulting from this work the company cites its purchase of a further “72 spirals from the Wolf Minerals Limited ("Wolf Minerals") liquidator and expanded the spirals' processing capacity at La Parrilla at very limited cost”. • We observe that, despite past optimism that Wolf Minerals’ Drakelands tungsten mine in Devon might reopen under new ownership, the sale of some of the processing equipment may be an indication that this outcome may be proving difficult to achieve, at least in the short term. • Commenting on the progress at La Parilla, where he said that “The team has delivered a fantastic mine, at low-cost”, Chairman, Michael Masterman, explained that “Production from the old Concentrator Plant was below expectations in July, but importantly is greatly assisting with the enhancement of the new large-scale Concentrator Plant, which has been designed for full scale operation. We are close to finalising this process and the priority is that the commissioning is completed thoroughly”.
RNS Number: 1626 I W Resources PLC 07 August 2019. W Resources Plc, the tungsten, tin and gold mining company announces an update on its flagship project La Parrilla in Spain and further detail on its projects in Portugal.. As previously reported, the Mine, Crusher Plant and Jig and Mill Plant are already in operation and are geared up and ready to feed upgraded ore to...
RNS Number: 9627 H W Resources PLC 05 August 2019 TR-1: S tandard form for notification of major holdings. 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.
RNS Number: 8611 D W Resources PLC 28 June 2019. W Resources Plc, the tungsten, tin and gold mining company with assets in Spain and Portugal, today held its Annual General Meeting, where all resolutions put to shareholders were duly passed.. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
W Resources (WRES.L) 10.44p £26.23m W Resources, the tungsten, tin and gold mining company with assets in Spain and Portugal, confirmed that construction completion of the La Parrilla concentrator is imminent with the commencement of commissioning on track for July 2019. The La Parrilla concentrator is comprised of three buildings. Primary equipment installation and construction is complete for the Spirals and Shaking table buildings, and the small FME Building is on track for primary construction completion next week following installation of the filter press. As previously confirmed, the MCC will be delivered mid-July and electrical cabling is advancing ahead of delivery to allow rapid tie in of the MCC and commencement of commissioning in July. Commissioning of the jig and mill is proceeding well. The jig is upgrading crushed ore grades and rejecting waste mass in line with expectations. Pre concentrate from the jig is being trucked to the existing La Parrilla concentrator which has now moved to 24 hour operation. Production for July remains in line with previous guidance of 20 tonnes of WO3 concentrate.
W Resources (WRES LN) 0.435p, Mkt Cap £26.2m – Progress report on La Parilla • W Resources reports that it continues to expect to start commissioning of the plant in mid-July following completion of the plant buildings. • The company also reports that the crusher and jigs have been commissioned and are “operating on mined ore near design capacity levels” and that “production for July remains in line with previous guidance of 20 tonnes of WO3 concentrate”. • Acknowledging the commitment of the construction team and suppliers, Chairman, Michael Masterman, said “Construction completion of the Spiral and Shaking table buildings is an important milestone for W Resources and the third FME Building will be complete shortly. Priority now moves to completion of electrical cabling and tie in to the MCC which will be delivered mid-July.”
W Resources Plc (WRES.L) Announced that construction completion of the La Parrilla concentrator is imminent with the commencement of commissioning on track for July 2019. As previously confirmed, the MCC will be delivered mid-July and electrical cabling is advancing ahead of delivery to allow rapid tie in of the MCC and commencement of commissioning in July. Commissioning of the jig and mill is proceeding well. The jig is upgrading crushed ore grades and rejecting waste mass in line with expectations. Pre concentrate from the jig is being trucked to the existing La Parrilla concentrator which has now moved to 24-hour operation. Production for July remains in line with previous guidance of 20 tonnes of WO3 concentrate.
RNS Number: 7377 D W Resources PLC 28 June 2019. ·Primary construction of La Parrilla Concentrator Spiral and Shaking table buildings complete with smaller Floatation Magnetic and Electrostatic Separation building completion in early July. W Resources Plc, the tungsten, tin and gold mining company with assets in Spain and Portugal, is pleased to confirm that...
W Resources Plc (WRES.L) Announced that it has signed a contract for ore haulage and crushing at Régua with Francisco Pereira Marinho Imaos SA (FPMI) for a competitive pricing of approximately US$40-45/mtu and low capital requirement of €50,000 for road establishment. Separately, the company announced an update on its flagship project La Parrilla in Spain and further detail on São Martinho in Portugal, that La Parrilla Jig Plant commissioned to design throughput of 300 tph and Jigged preconcentrate of over 3,500 tonnes has been processed through to concentrate in existing Concentrator Plant. Also, the production is expected to increase significantly in July to 20 tonnes of concentrate following the move to a 24 hour operation at the existing concentrator and the upgrade to higher grade ore feed now that initial commissioning is complete as well as the new La Parrilla Concentrator advancing to primary construction completion in June, in line with guidance.
W Resources (WRES LN) 0.45p, Mkt Cap £27.1m – Contract for crushing and haulage at Regua • W Resources has awarded a haulage and crushing contract for its Regua tungsten project in Portugal to Francisco Pereira Marinho Imaos (FPMI). • The contractor will haul mined ore approximately 27km from Regua to its crushing facility where it reduce the ore to 5-10mm in size to provide feed to the relocated La Parilla Concentrator Plant “which will be moved to Regua and upgraded later this year”. • Chairman, Michael Masterman, explained the significance of the FPMI contract; “The haulage and crushing services contract with FPMI allows W to advance Régua to development with efficient capital deployment. Our aim is to bring Régua into commercial production with sensible capital deployment leveraging contract mining, haulage and crushing contracts, thereby keeping the capital costs of development low”. • In a separate announcement today, the company also provided a progress report on developments at La Parilla in Spain where it has now commissioned the jig plant and that over 3500t of jigged preconcentrate has now been processed to a tungsten concentrate through the existing concentrator plant. Production “is expected to increase significantly in July to 20 tonnes of concentrate following the move to a 24 hour operation at the existing concentrator and the upgrade to higher grade ore feed now that initial commissioning is complete”. • The new concentrator at La Parilla is reported to be “advancing to primary construction completion in June, in line with guidance” which would presumably free up the existing plant for its planned re-siting at Regua referred to earlier.
·Competitive pricing of approximately US $40-45/ mtu and low capital requirement of €50,000 for road establishment. W Resources Plc, the tungsten, tin and gold mining company is pleased to announce it has signed a contract with FPMI to provide low cost haulage and crushing services to its Régua tungsten mine in Northern Portugal.. The estimated crushing and...
RNS Number: 6796 C W Resources PLC 19 June 2019. La Parrilla and São Martinho Update. W Resources Plc, the tungsten, tin and gold mining company is pleased to announce an update on its flagship project La Parrilla in Spain and further detail on São Martinho in Portugal..
W Resources (WRES LN) 0.46p, Mkt Cap £27.7m – Mining contract keeps La Parilla on track • W Resources has awarded a mining contract for its La Parilla tungsten operation in Spain to local contractor, General de Maquinaria y Excavation (GME). The company plans to ramp up production at La Parilla to 2mtpa during the “T2” phase of the project and increase throughput further to 3.5mtpa from year 3. • The company confirms that “Development at La Parrilla is progressing well and project construction completion remains in line with guidance for completion of the Concentrator Plant in June … … commissioning of the Concentrator Plant also remains on plan for July”. • Welcoming the award of the mining contract and the overall progress at La Parilla, Chairman, Michael Masterman, also confirmed that “The project remains within budget and we look forward to ramp-up to T2 of the project which will deliver significant earnings starting in 2019”.
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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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