logo-loader
viewW Resources PLC

W Resources signs up allmineral for La Parrilla plant’s new concentrator

"The award of the concentrator to allmineral is a significant milestone and a core part of the development and financing programme for La Parrilla”

agreement, handshake
All major plant contractors are now in place at the La Parilla mine in Spain

W Resources PLC (LON:WRES) told investors it has hired the German firm, allmineral Aufbereitungstechnik GmbH, which will provide design and construction services for the La Parrilla mine’s new concentrator.

The concentrator is the third core component of La Parrilla’s plant infrastructure, and the allmineral appointment comes after awards were made for the jig and mill and the crusher in 2017.

READ: W Resources receives preliminary approval from US fund for US$30mln loan for La Parrilla construction

It will represent the final stage of beneficiation in the process, which will yield a 66% tungsten concentrate and 62% tin final concentrate, the company highlighted.

"The award of the concentrator to allmineral is a significant milestone and a core part of the development and financing programme for La Parrilla,” said Michael Masterman, W Resources chairman.

“All major plant components are now contracted and aligned with the US$30 million term loan financing. Germany's allmineral is responsible on a fixed schedule and price contract for delivery of the both the Jig & Mill and Concentrator providing important integration benefits in project delivery."

READ: W Resources boosted by significant recovery in Tungsten prices

W Resources noted that the design put forward by allmineral targets maximum separation efficiency throughout and actively collects the fines generated from various processing stages to be reprocessed in a dedicated scavenging circuit, additionally it considers future potential incremental upgrades for the plant.

Quick facts: W Resources PLC

Price: 0.3 GBX

AIM:WRES
Market: AIM
Market Cap: £19.14 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of W Resources PLC named herein, including the promotion by the Company of W Resources PLC in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Talking Tungsten with Roskill's Jessica Roberts

Tungsten Analyst Jessica Roberts tells Proactive London why tungsten prices have recovered slightly over the last few weeks and what metal investors can expect next. Word here too on the Fanya fallout as well as news on Ghangzhou's new tungsten exchange in China...with Roberts addressing...

8 hours, 18 minutes ago

2 min read