Watchlist
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.
info
Login or register to post comments