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W Resources PLC Commencement of commissioning on track for July 2019

Michael Masterman, Chairman of W Resources commented: “W Resources completed the Blackrock debt financing in May 2018 and it is a great credit to our team and suppliers that some 14 months later we are on the cusp of construction completion and have commissioned the crusher, jig, LNG power plant and other major non plant equipment.

“Construction completion of the Spiral and Shaking table buildings is an important milestone for W Resources and the third FME Building will be complete shortly. Priority now moves to completion of electrical cabling and tie in to the MCC which will be delivered mid-July.”

W Resources PLC (LON:WRES), the tungsten, tin and gold mining company with assets in Spain and Portugal, today confirmed that construction completion of the La Parrilla concentrator is imminent with the commencement of commissioning on track for July 2019.

Highlights

·      Primary construction of La Parrilla Concentrator Spiral and Shaking table buildings complete with smaller Floatation Magnetic and Electrostatic Separation building completion in early July

·      Commissioning set to commence in mid-July following installation of the Motor Control Centre

·      Crusher and Jig plants commissioned and operating on mined ore near design capacity levels

·      Production in line with guidance following move to 24 hour operation and increase in mine feed grades

The La Parrilla concentrator is comprised of three buildings.   Primary equipment installation and construction is complete for the Spirals and Shaking table buildings, and the small FME Building is on track for primary construction completion next week following installation of the filter press.

As previously confirmed, the MCC will be delivered mid-July and electrical cabling is advancing ahead of delivery to allow rapid tie in of the MCC and commencement of commissioning in July.

Commissioning of the jig and mill is proceeding well.   The jig is upgrading crushed ore grades and rejecting waste mass in line with expectations. Pre concentrate from the jig is being trucked to the existing La Parrilla concentrator which has now moved to 24 hour operation. Production for July remains in line with previous guidance of 20 tonnes of WOconcentrate.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.