W Resources #WRES 0.23p, Mkt Cap £15m – First blast at the Régua tungsten project in Portugal
W Resources reports its first blast at the La Parrilla tungsten mine in Spain.
The company also reports on the retirement of Dr Byron Pirola from the board after 12 years of service as a director.
The blast starts to open up the RL240m adit with another 122m to go before intersecting the ore zone.
Ore will be trucked to the Crusher Plant to be located in a nearby aggregate quarry for initial processing.
Work is ongoing for the Régua plant with existing spirals, pumps and screens already on-site.
La Parrilla (Spain): the La Parrilla mine is ramping up again after its shutdown in February. Management have implemented a series of improvement initiatives to improve recoveries and production.
Conclusion: It is good to hear that Las Parrilla is effectively commissioning again following its first commissioning in August last year.