28th Nov 2019 17:19
(Alliance News) - W Resources PLC on Thursday said production of tungsten and tin concentrate for sale has begun at its flagship La Parrilla mine in Spain.
Shares in W Resources closed up 9.1% at 0.35 pence in London.
This is an important stage in the T2 ramp-up phase at La Parrilla and puts W Resources on track for its 2 million tonnes per annum run-of-mine target, which is to produce 2,700 tonnes of tungsten oxide concentrate.
The new concentrator at la Parrilla is complete, meaning W Resources is now producing both tungsten and tin concentrate in line with the standard concentrate specifications for the mine. So far, the grade of the tungsten concentrate has met shipment criteria levels and is likely to improve as the plant achieves steady-state production.
W Resources said the first shipment from the new concentrator to customers is scheduled for December.
At present, the plan runs on day shifts but it will move to 24-hour operation in December, resulting in a significant rise in throughput.
Chair Michael Masterman said: "We have now reached this significant milestone at La Parrilla as we commence commercial tungsten and tin production and have achieved stable operating plant performance. We are pleased with initial concentrate production grades, which we anticipate will continue to improve as we move up the ramp-up curve and transition to 24-hour plant operations in December."
By Anna Farley; [email protected]
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