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23 Sep 2016 09:42
23 September 2016
W Resources Plc
("W" or the "Company")
Investor Presentation - September 2016
W Resources Plc (AIM:WRES), the tungsten, copper and gold mining, exploration and development company with assets in Spain and Portugal, has lodged an updated Investor Presentation on the Company's website.
Highlights
· Commencement of tungsten concentrate production at La Parrilla in Spain
· La Parrilla has unique combination of very low unit capital costs and low operating costs of US$81/mtu over the first 6 years of production
· Low-cost, high-grade development of Régua planned
· Gold and copper assets advancing
The Investor presentation is available on W's website at the following link: http://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 |
SI Capital -Broker Andy Thacker / Nick Emerson T: +44 (0) 1483 413500 www.sicapital.co.uk | Gable Communications Justine James T: +44 (0) 20 7193 7463 M: +44 (0) 7525 324431 |
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 include La Parrilla, a tungsten project in Spain and Régua and Tarouca Tungsten projects and the CAA/Portalegre copper-gold project in Portugal.
The Company's deposits and tungsten mine developments offer a low cost, high margin resource development opportunity due to a strong market following for Tungsten, increased trading and a forecast shortage of supply.
The Board is focused to explore further opportunities in the region with a view to building a mid-tier minor metal producer.
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