RE: Rns15 Jul 2021 08:37
Michael Masterman, Chairman of W Resources, commented: "Whilst we faced further challenges due to the impact of having to build a 500,000m3 dam, we were pleased to complete the dewatering of the open pit on 24 June 2021 enabling us to safely regain access to the higher-grade ore. The impact of lack of access to the higher-grade ore was somewhat mitigated with our tungsten recovery rates increasing from 32% to 47% enabling us to produce a record amount of tungsten concentrate in the quarter.
"We are now highly encouraged that we are making tangible progress having achieved our highest monthly production of concentrate in June 2021, notwithstanding this was in a three-week period. Looking ahead we now have access to a better quality and a better grade of ore which should see our production numbers increase towards our T2 target".