28 Jun 2013 12:40
28 June 2013
W Resources Plc
("W" or the "Company")
W Resources Annual General Meeting Results
W Resources (AIM:WRES), a tungsten and gold exploration and development company, announces that at the Annual General Meeting of the Company held earlier today, all resolutions put to shareholders were passed.
Further information regarding the resolutions is available on the website www.wresources.co.uk
Enquiries:
W Resources Plc | Grant Thornton UK LLP - Nomad |
Michael Masterman | Colin Aaronson / Melanie Frean / Jen Clarke |
T: +44 (0) 20 7193 7463 | T: +44 (0) 20 7383 5100 |
www.wresources.co.uk | |
Simple Investments - Broker | Gable Communications |
Andy Thacker / Nick Emerson | Justine James |
T: +44 (0) 1483 413500 | T: +44 (0) 20 7193 7463 |
www.simple-investments.co.uk | M: +44 (0) 7525 324431 |
About W
In 2012, W Resources Plc (AIM:WRES) made the successful transition into a tungsten exploration and development company with projects in Spain and Portugal, following two acquisitions. Projects now include La Parrilla, a tungsten project in Spain and Régua and Tarouca Tungsten projects and the Portalegre gold project in Portugal.
The most advanced is the La Parrilla tungsten mine and tailings project in the Southwest of Spain, at which first production is expected later in the year.
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 price of tungsten has more than doubled in past three years and is in the top 5 critical metals list.
The Board is focused to explore further opportunities in the region with a view to building a mid tier minor metal producer.
The Company was incorporated in England and Wales in 2004.