3 Dec 2018 07:00
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 |
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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 |