W Resources PLC First Tungsten Shipment from the La Parrilla Mine (1458J)
03 December 2018 - 6:01PM
UK Regulatory
TIDMWRES
RNS Number : 1458J
W Resources PLC
03 December 2018
3 December 2018
W Resources Plc
("W" or the "Company")
First Tungsten Export Shipment from the La Parrilla Mine
W Resources Plc (AIM:WRES), the tungsten, copper and gold mining
company with assets in Spain and Portugal, is delighted to announce
the first shipment of tungsten concentrate from its La Parrilla
Mine following the early start-up of production as part of a
planned staged build-up to full mine production in H1 2019.
Michael Masterman, Chairman of W Resources, commented: "We are
delighted to have delivered our first shipment of tungsten
concentrate to our European customer on 30 November 2018. W has now
commenced the first of a three stage production programme which
allows the Company to generate revenue and cash flow ahead the move
to large scale production in 2019 at a planned run rate of 2,500
tonnes per annum of tungsten concentrate. Export shipment size will
build through December and the new year."
Enquiries:
W Resources Plc Grant Thornton UK LLP
Michael Masterman Colin Aaronson / Jen Clarke
/ Seamus Fricker
T: +44 (0) 20 7193 7463 T: +44 (0) 20 7383 5100
www.wresources.com
Turner Pope Investments (TPI) Ltd Gable Communications
Andy Thacker Justine James
T: +44 (0) 203 621 4120 T: +44 (0) 20 7193 7463
www.turnerpope.com M: +44 (0) 7525 324431
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