5th Feb 2019 11:07
LONDON (Alliance News) - W Resources PLC has completed three further shipments from La Parrilla, the firm said Tuesday, with production set to rise further in the next month.
W Resources shipped the first load of tungsten concentrate in December, and has since made three more shipments to a customer in Europe.
Production is now over 50 tonnes from the north-western Spanish mine, and W Resources expects this to increase going into February as production moves to higher grade ore from tailings.
Development is going well, the company continued, while the construction of the jig plant has picked up after some delays. It hopes to complete and commission the plant in March.
Chair Michael Masterman said: "We are pleased to hit the 50 tonnes production milestone and have delivered our first four tungsten shipments, taking into account minimal shutdowns over the festive season.
"Optimising plant performance and ensuring quality production specifications continue to be met, remain the core building blocks in the planning as we move to larger scale production in the second quarter of 2019."
"It's great to have the crusher complete and commissioned ahead of schedule and the core power, water, drainage, office and warehouse facilities complete and commissioned," Masterman continued.
"Mine optimisation and planning is also advanced with in excess of 7,100 metres of grade control drilling complete and the fast track mine area ready for initial mining operations in February."
Shares were down 1.0% on Tuesday at a price of 0.51 pence each.
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