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W Resources PLC - La Parrilla Update

RNS Number : 4465J
W Resources PLC
22 December 2020
 

 

 

 

 

 

22 December 2020

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 Spain and Portugal, announces an update on the La Parrilla tungsten and tin project in Spain. 

Momentum in Q4 has continued into December and the Company can report:

·      Record Concentrator Recovery Rates in December of 58.7% WO3, increasing from 40% in November

·      20t shipment of tungsten concentrate completed in December

·      25t shipment of tin concentrate awaiting collection by the customer

In addition the Company expects to make at least one more 20t shipment of tungsten concentrate this month.

Mining has continued on a four-day working week (24h per day over three shifts per day) at La Parrilla and will continue throughout the majority of the festive period and up to and including Thursday 31 December. Overall, no production time will be lost as shifts from the 24 and 25 December will be completed on other days.

The team at La Parrilla is now looking to transition to a five-day working week in early 2021.

The Company will announce its Q4 production update in January 2021.

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.

Enquiries:

W Resources Plc

Michael Masterman, Chairman

Paul Hailes, CFO

investors@wresources.com www.wresources.com

 

Grant Thornton UK LLP

Colin Aaronson / Seamus Fricker

T: +44 (0) 20 7383 5100

Joint Broker

Turner Pope Investments (TPI) Ltd

Andy Thacker / Zoe Alexander

T: +44 (0) 203 657 0050

www.turnerpope.com

Joint Broker

Alternative Resource Capital / Shard Capital

Alex Wood

T:+44 (0) 20 7186 9004

www.altrescap.com

Damon Heath

T:+44 (0) 20 7186 9952

www.shardcapital.com

Alma PR

Justine James

T: +44 (0) 20 3405 0205

M: +44 (0) 7525 324431

wres@almapr.co.uk

 

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