W Resources PLC - La Parrilla Update - Replacement
The following amendment has been made to the La Parrilla Update announcement released on
W Resources Plc
("W" or the "Company")
La Parrilla Update
W Resources Plc (AIM:WRES), the tungsten, tin and gold mining company with assets in
The ongoing plant improvements have seen overall recoveries consolidate during the quarter to date, with detailed results to be announced in the Q4 production update in
The operations team moved to a four-day working week on 1 October and can report:
· Record concentrator recovery rates achieved in November of 40% WO3 and 53% Sn.
· Mine grade consistently exceeding 1,050ppm WO3 and 350ppm Sn, which are significantly greater than the preceding three quarters.
· Plant utilisation remains above 90%, which is encouraging noting the move to a four-day working week (24h per day over three shifts per day).
· Tungsten and tin concentrate production to date exceeds total Q3 production of 77.6t.
· As recoveries and production improves, plans are in place to move to a five-day working week, with minimal closure over the Christmas period.
· Three 20t shipments of tungsten concentrate completed to date, with further shipments planned.
Noting the challenges of the past year, W is providing this interim project update as a one-off update in order to keep investors appraised of the positive progress and developments at the La Parrilla project.
Information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
W Resources Plc
c/o Alma PR
Grant Thornton UK LLP
T: +44 (0) 20 7383 5100
Turner Pope Investments (TPI) Ltd
T: +44 (0) 203 657 0050
Alternative Resource Capital / Shard Capital
T:+44 (0) 20 7186 9004
T:+44 (0) 20 7186 9952
T: +44 (0) 20 3405 0205
M: +44 (0) 7525 324431
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