18th Mar 2019 12:00
LONDON (Alliance News) - W Resources PLC on Monday said that jig and mill are on track for mechanical completion later this month at its flagship tungsten-tin project La Parrilla, in Spain.
The majority of steel and equipment has now been installed with electrical and instrumentation installation underway, the company added.
Commissioning is expected to commence in early April with first crusher ore feed into the plant also in April.
At Regua, in Portugal, the company said that development work continues to progress well, with infill drilling of the mine entry portals complete.
At the Sao Martinho gold deposit in Portugal, the updated gold resource estimate is expected to be finalised in the second quarter of 2019.
At Tarouca, also in Portugal, the firm has applied for a new exploration license covering the studied sector and prospective ground to the south.
"It has been an intense first quarter at La Parrilla with plant and infrastructure construction completion and production ramp-up running at a fast pace. Completion and commissioning of the jig in April will give us the operational capability to expand tungsten and tin production as part of the second stage of plant ramp-up," Chair Michael Masterman said.
"Gold, tungsten and tin projects in Portugal are also advancing quickly and we expect to be able to report updated Regua drilling results and development activity and resource estimates for the Sao Martinho gold discovery in the second quarter of 2019."
W Resources shares were trading down 1.4% at 0.43 pence each on Monday.
Related Shares:
WRES.L