W Resources PLC Concentrator Contract awarded (4237B)
10 January 2018 - 6:00PM
UK Regulatory
TIDMWRES
RNS Number : 4237B
W Resources PLC
09 January 2018
10 January 2018
W Resources Plc
("W" or the "Company")
Concentrator Contract awarded to allmineral
W Resources Plc (AIM:WRES), the tungsten, copper and gold
exploration and development company with assets in Spain and
Portugal, has awarded the design and construct contract for the La
Parrilla Concentrator to allmineral Aufbereitungstechnik GmbH &
Co. KG of Germany ("allmineral") at a contract price of cEUR8
million.
The Concentrator is the third core component of the La Parrilla
plant infrastructure, following the contract awards for the Crusher
and Jig & Mill last year, and provides the final stage of
beneficiation in the process to produce a 66% tungsten concentrate
and 62% tin final concentrate. The robust design put forward by
allmineral targets maximum separation efficiency throughout and
actively collects the fines generated from various processing
stages to be reprocessed in a dedicated scavenging circuit. The
layout considers the potential requirement for incremental capacity
additions as well as the possibility of an ultrafine falcon circuit
addition to maximise recoveries in the future.
Michael Masterman, Chairman of W Resources commented: "The award
of the Concentrator to allmineral is a significant milestone and a
core part of the development and financing programme for La
Parrilla. All major plant components are now contracted and aligned
with the US$30 million term loan financing. Germany's allmineral is
responsible on a fixed schedule and price contract for delivery of
the both the Jig & Mill and Concentrator providing important
integration benefits in project delivery."
Enquiries:
W Resources Plc Grant Thornton UK LLP
Michael Masterman Colin Aaronson / Jen
T: +44 (0) 20 7193 7463 Clarke / Harrison Clarke
www.wresources.co.uk T: +44 (0) 20 7383 5100
Turner Pope Investments (TPI) Gable Communications
Ltd Justine James
Andy Thacker T: +44 (0) 20 7193 7463
T: +44 (0) 203 621 4120 M: +44 (0) 7525 324431
www.turnerpope.com
About W
In 2012, W Resources Plc (AIM:WRES) made the successful
transition into a tungsten production exploration and development
company with projects in Spain and Portugal, following two
acquisitions. Projects now include La Parrilla, a tungsten project
in Spain and Régua and Tarouca Tungsten projects and the Portalegre
copper-gold project in Portugal.
The Company's deposits and tungsten mine developments offer a
low cost, high margin resource development opportunity. Tungsten
and Tin prices have increased significantly over the last 12 months
and Tungsten is in the EUs top 5 critical metals list.
The Board is focused to explore further opportunities in the
region with a view to building a mid-tier minor metal producer.
The Company was incorporated in England and Wales in 2004.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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