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W Resources PLC - Joint Broker Appointment

RNS Number : 4392A
W Resources PLC
29 May 2019




29 May 2019


W Resources Plc

("W" or the "Company")


Joint Broker Appointment

W Resources Plc (AIM:WRES), the tungsten, tin and gold mining company with assets in Spain and Portugal, is pleased to announce the appointment of Alternative Resource Capital / Shard Capital as Joint Broker alongside Turner Pope Investments (TPI) Limited with immediate effect.

With the focus on development at W's flagship project, La Parrilla in Spain which is nearing completion and with the transition to ramp up to full scale production due to commence in Q3, the project is on target to mine 2 million tonnes per annum of Run of Mine and produce approximately 2,500 tonnes ("t") of tungsten concentrate and 200t of tin concentrate per annum ("T2").

Michael Masterman, Chairman of W Resources commented: "We are delighted to be working with the teams at Alternative Resource Capital and Shard Capital at this pivotal point as the Company transitions into a full scale producer. We look forward to further building out the Company's profile amongst institutional investors as W delivers one of Europe's lowest cost and largest tungsten mines, in addition to exciting developments at Régua and our Portuguese projects."



W Resources Plc

Michael Masterman

T: +44 (0) 20 7193 7463



Grant Thornton UK LLP

Colin Aaronson / Seamus Fricker

T: +44 (0) 20 7383 5100



Joint Broker

Turner Pope Investments (TPI) Ltd

Andy Thacker

T: +44 (0) 203 621 4120



Gable Communications

Justine James

T: +44 (0) 20 7193 7463

M: +44 (0) 7525 324431

Joint Broker

Alternative Resource Capital / Shard Capital

Alex Wood

T:+44 (0) 207 186 9004


Damon Heath

T:+44 (0) 207 186 9952






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Quick facts: W Resources PLC

Price: 0.1211

Market: AIM
Market Cap: £8.2 m

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W Resources chairman says they have the fundamentals in place to increase...

W Resources PLC 's (LON:WRES) chairman Michael Masterman and Pablo Neira, who oversees the spanish operation, discuss with Proactive its second quarter production report for La Parrilla. Run-of-mine feed into the plant reduced by 7% compared to the first three months of 2020, to total 253,256...

on 23/7/20