W Resources set to become major European tungsten producer

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What does W Resources do?

W Resources PLC (LON:WRES) is a long-standing constituent of Londons AIM market, run by mining entrepreneur Michael Masterman.

Masterman has been involved with several resources companies over the years and has plenty of experience in bringing projects all the way from early stage exploration towards and into the production stage. W Resources is focussed primarily on tungsten, tin and gold.

What does W Resources own?

The company owns several exploration and development assets in Spain and Portugal, most notably the La Parrilla project, which produced its first tin and tungsten late last year.

The fully automated 350 tonnes per hour crushing circuit is already operational. It can be run with one operator and has run smoothly at full capacity.

Work on the plant and wider infrastructure are due to begin the final commissioning process in July 2019, as the wider La Parrilla ramp-up process continues towards a target of processing 200 tonnes per month by the end of the year.

In October, the company said the first upgraded jigged ore has been fed to the new concentrator plant following “extensive programme” of commissioning and installing automated systems at the site, with commissioning processes also underway for spiral and shaking table plants, a concentrator thickener and floatation, magnetic and electrostatic separators.

Meanwhile, at Régua in Portugal, development work continues to progress well. Infill drilling of the mine entry portals is now complete and database completion is underway for a review of the resource.

Road construction, mining contractor and contract crushing contract negotiation is advanced and is expected to be finalised in the third quarter of 2019.

And at the São Martinho gold deposit in Portugal, SRK Consulting is progressing well with the updated gold resource estimate, which is expected to be finalised in the second quarter of 2019. W Resources has applied for a trial mine licence in order to commence initial mining and production and this will be pRead More – Source

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