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Joint Broker Appointment

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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."

 

Enquiries:

W Resources Plc

Michael Masterman

T: +44 (0) 20 7193 7463

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

T: +44 (0) 203 621 4120

www.turnerpope.com

 

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

www.altrescap.com

Damon Heath

T:+44 (0) 207 186 9952

www.shardcapital.com

 

 

 

 


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Headlines from the Proactive UK newsroom. W Resources (LON:WRES) says commissioning and ramp-up activities at La Parrilla are continuing at pace with all components of the Concentrator Plant now commissioned. Over five tonnes of tungsten concentrate has been produced which will be purified...

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