"W Resources PLC - Mechanical Completion of La Parrilla Crusher Plant #WRES https://www.voxmarkets.co.uk/rns/announcement/18704eda-6e36-4fc6-92a4-f82cf88600c7 via @voxmarkets @WResourcesPlc"
RNS Number : 8945J
W Resources PL
W Resources Plc
("W" or the "Company")
Mechanical Completion of the La Parrilla Crusher Plant
W Resources Plc (AIM:WRES), the tungsten, copper and gold mining company with assets inSpainandPortugal, is delighted to announce the mechanical completion of the La Parrilla crusher plant.
Mechanical completion of the crusher plant paves the way for commissioning of mined ore in January 2019.
The crushing circuit has been carefully engineered to minimise creation of tungsten fines and is designed to process 350 tonnes per hour ("tph") of ore. It comprises of a jaw crusher and secondary cone crusher both with vibrating grizzlies prior to size reduction and two tertiary cone crushers in closed circuit with a double deck banana screen. All of which are supplied by a top tier crushing equipment provider, Metso Minerals Portugal, Lda. The circuit has been designed for modular expansion to 700tph requiring no modifications to the installed infrastructure in the future and is currently configured to feed X-Ray ore sorting going forwards. The high level of automation in the design and robust wear liner packages will permit strong operational control and minimise maintenance requirements going forwards.
Michael Masterman, Chairman of W Resources, commented:"The crusher is the first of the three La Parrilla plants to be completed and it's a great credit to the team to complete it ahead of schedule and on budget. We are looking forward to first mined ore into the crusher early in the new year which will contribute to an increase in production rates from La Parrilla in line with the planned ramp-up programme".
Michael Masterman, Chairman of W Resources #WRES talks about their high grade tungsten at their project in Portugal and gives an update on other parts of the business.
Michael Masterman, Chairman of W Resources #WRES goes over progress at the company as highlighted by their new presentation which has been released today.
In 2012, W Resources Plc made the successful transition into a tungsten production exploration and development company with projects in Spain and Portugal, following two acquisitions. Projects now include La Parrilla, a tungsten project in Spain and Régua and Tarouca Tungsten projects and the Portalegre copper-gold project in Portugal. (17 minutes 8 seconds on)
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Currently reading - http://www.metalbulletin.com/Articl...t-quartile-tungsten-production-at-La-Parrilla … - #WRES
W Resources on track for lowest cost quartile tungsten production at La Parrilla
Spain-focused tungsten miner W Resources is targeting an average cash operating cost of $90 per mtu of tungsten concentrate at its La Parrilla mine for the first six years of its operation.
The operating cost will put La Parrilla in the lowest cost quartile of the global tungsten cost curve, according to W Resources’ latest reserve estimates. Ammonium paratungstate (APT) prices, used as a reference across the tungsten supply chain, have risen 16% since the beginning of the year. APT is trading in a range of $220-226 per mtu, cif Rotterdam, according to Metal Bulletin’s assessment. The demand picture for tungsten concentrates has proved particularly strong this year, resulting in narrowing discounts...
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(Interview starts at 1 minute 37 seconds)
767 – audioboom #BOOM W Resources #WRES Falanx Group #FLX plus Chris Bailey & Alan Green
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Michael Masterman, Chairman of W Resources #WRES cover some of the highlights from their 2016 full year and explains their potential for the next 12 months.
W Resources Plc (AIM:WRES) is a tungsten production, exploration and development company with a portfolio including the La Parrilla tungsten mine and tailings project in the Southwest of Spain and the CAA / Portalegre gold exploration license in 200k east of Lisbon in Portugal.
(Interview starts at 16 minutes 12 seconds)