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 Plc (WRES.L) Announced 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.
RNS Number: 4774 K W Resources PLC 29 August 2019. La Parrilla Concentrator Construction Complete& Commissioning Underway. W Resources Plc, the tungsten, tin and gold mining company announces an update on its flagship project, La Parrilla in Spain..
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.
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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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27/28 Eastcastle Street
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