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W Resources PLC

La Parrilla Update

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RNS Number : 7377D
W Resources PLC
28 June 2019
 

 

 

 

 

 

 

28 June 2019

 

W Resources Plc

("W" or the "Company")

 

 

La Parrilla Update

Highlights

·      Primary construction of La Parrilla Concentrator Spiral and Shaking table buildings complete with smaller Floatation Magnetic and Electrostatic Separation building ("FME Building") completion in early July

·      Commissioning set to commence in mid-July following installation of the Motor Control Centre ("MCC")

·      Crusher and Jig plants commissioned and operating on mined ore near design capacity levels

·      Production in line with guidance following move to 24 hour operation and increase in mine feed grades

W Resources Plc (AIM:WRES), the tungsten, tin and gold mining company with assets in Spain and Portugal, is pleased to confirm that construction completion of the La Parrilla concentrator is imminent with the commencement of commissioning on track for July 2019.

The La Parrilla concentrator is comprised of three buildings.   Primary equipment installation and construction is complete for the Spirals and Shaking table buildings, and the small FME Building is on track for primary construction completion next week following installation of the filter press.

As previously confirmed, the MCC will be delivered mid-July and electrical cabling is advancing ahead of delivery to allow rapid tie in of the MCC and commencement of commissioning in July.

Commissioning of the jig and mill is proceeding well.   The jig is upgrading crushed ore grades and rejecting waste mass in line with expectations.   Pre concentrate from the jig is being trucked to the existing La Parrilla concentrator which has now moved to 24 hour operation.   Production for July remains in line with previous guidance of 20 tonnes of WO3 concentrate.

Michael Masterman, Chairman of W Resources commented: "W Resources completed the Blackrock debt financing in May 2018 and it is a great credit to our team and suppliers that some 14 months later we are on the cusp of construction completion and have commissioned the crusher, jig, LNG power plant and other major non plant equipment.

"Construction completion of the Spiral and Shaking table buildings is an important milestone for W Resources and the third FME Building will be complete shortly. Priority now moves to completion of electrical cabling and tie in to the MCC which will be delivered mid-July."

 

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



 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Full interview: W Resources nearing closing stages of construction at La...

W Resources PLC (LON:WRES) chairman Michael Masterman talks Proactive London's Andrew Scott through latest developments on the ground in Spain at the La Parrilla project. He says the mine's in the final stages of construction and following delivery of the Motor Control Centre the team is...

on 7/8/19