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W Resources PLC

W Resources into final straight of construction at La Parrilla

“The Crusher and Jig and Mill Plants are commissioned and processing ore and the new large-scale Concentrator Plant is set to start-up by September.

W Resources PLC -
W Resources is developing La Parrilla in two phases

W Resources PLC’s (LON:WRES) is getting to the closing stages of construction at the La Parrilla mine in Spain, says chairman Michael Masterman.

“The Crusher and Jig and Mill Plants are commissioned and processing ore and the new large-scale Concentrator Plant is set to start-up by September.

“Production from the old Concentrator Plant was below expectations in July, but importantly is greatly assisting with the enhancement of the new large-scale Concentrator Plant, which has been designed for full-scale operation.”

W Resources has capitalised US$1.29mln of interest on a loan from BlackRock Financial Management to give it more liquidity, he added.

Elsewhere, a JORC update of Régua's Reserves and Resource is scheduled for the final quarter of the year, though the estimate for the São Martinho gold deposit is still being reviewed.

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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...

1 week, 5 days ago

2 min read