W Resources Plc (AIM:WRES), the tungsten, copper and gold exploration and development company with assets in Spain and Portugal, is pleased to announce that its 100% owned subsidiary, Iberian Resources Spain SL (“IRS”) has formally submitted the final Grant Application to the Junta de Extremadura Government for the La Parrilla tungsten and tin project located in Spain.
W Resources issues Half Year Results for the Six Months Ended 30 June 2016
Michael Masterman, Chairman of W Resources, commented: “2016 has so far been a great year of transition for W. We have reached major milestones in Spain and Portugal with initial production at La Parrilla in 2016 and are on track for Régua in 2018, whilst increasing the prospectivity at the other three projects. The La Parrilla mine plan is progressing well, with production commencing in Q3 2016, and in parallel, we are continuing our discussions with regard to financing the mine at asset level and are encouraged by the response to date. These factors, combined with the Full Mine approval, see the FTM construction on-track ahead of the ramp-up to full production in 2017.
“At Régua, metallurgical results to date have been encouraging, and this, combined with process flowsheet updates will enable us to start work on the definition development study.”