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W Resources PLC

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Market:
AIM
Market Cap:
£23.62 m
Price
0.38 GBX
Change
-5.00%
52 weeks high
0.62
52 weeks low
0.29

In brief

W Resources strategy is to build a European mining company focussed on delivering long term production of tungsten, a key strategic metal with strong market fundamentals.

With five projects in Spain and Portugal, its flagship project, La Parrilla in Spain, is one of the world’s largest tungsten mines, where production commenced in late 2018 and is expected to deliver significant earnings growth in 2019.

W has four further projects in Portugal, two tungsten projects Régua and Tarouca; the CAA Portalegre gold/copper project and the Monforte-Tinoca copper project.

The focus for 2019 is scaling up production at La Parrilla and the development of Régua.

Deep dive We explore the investor case for growth companies

Snapshot

  • First tin and tungsten produced late in 2018
  • Plant construction and installation nearing completion
  • Significant revenues and profits expected this year
  • Other development assets progressing