3 Apr 2018 07:44
3 April 2018
W Resources Plc
("W" or the "Company")
Earthworks Commence at La Parrilla Mine
W Resources Plc (AIM:WRES), the tungsten, copper and gold exploration and development company with assets in Spain and Portugal, is pleased to announce that earthworks have commenced at its flagship La Parrilla mine in Spain and mobilisation of the construction team to site has started following the BlackRock Financial Management Inc. financing in February.
Site preparation works are underway with earthworks pads for the offices and key construction infrastructure nearing completion.
The Crusher engineering is 75% finalised and award of the structural steel contract is expected to be completed early this month. Equipment manufacturing from Metso Minerals Portugal, Lda is well underway and nearing completion. The Crusher plant site works are on schedule to commence this month with the first concrete pour planned for May. Steel installation is scheduled to follow quickly thereafter with the Crushing plant equipment delivered to site as needed.
allmineral Aufbereitungstechnik GmbH & Co. KG of Germany is progressing engineering and manufacture of the Jig and Concentrator plants from Germany and these important plants remain on budget and on schedule.
Michael Masterman, Chairman of W Resources commented: "Overall W has moved quickly into a position where by the end of March 2018 approximately 60% of the total project commitments have been placed in firm contracts or purchase orders, providing good momentum in just over a month from financing completion."
W aims to provide regular updates to its shareholders on the progress at La Parrilla and with this in mind will release regular 'Project Progress Photos' on the Company's social media accounts and the corporate website. In the June quarter the Company will move to set-up a time lapse camera so that the Company can provide periodic update footage to shareholders which will demonstrate on-site progress.
Twitter - https://twitter.com/WResourcesPlc
LinkedIn - https://www.linkedin.com/company/w-resources-plc
Corporate website - www.wresources.co.uk
Enquiries:
W Resources Plc Michael Masterman T: +44 (0) 20 7193 7463 www.wresources.co.uk | Grant Thornton UK LLP Colin Aaronson / Jen Clarke / Harrison Clarke T: +44 (0) 20 7383 5100 |
Turner Pope Investments (TPI) Ltd Andy Thacker T: +44 (0) 203 621 4120 www.turnerpope.com | Gable Communications Justine James T: +44 (0) 20 7193 7463 M: +44 (0) 7525 324431 |