W Resources said tungsten concentrate production has successfully commenced at the La Parrilla mine in Spain ahead of schedule.
Production of tungsten and, subsequently, tin concentrate is expected to ramp-up over the next 6 months to reach a run rate of 400 tonnes per annum ('tpa') in early Q2 2017.
The new crusher with capacity of 1.95 ROM will be installed early in 2017, significantly reducing unit operating costs and increasing capacity.
Plant engineering and procurement to expand the plant to 2,500 tpa (1.95 mtpa ROM) by mid-2017 is advanced and equipment finance is now planned for both the crusher and the jig and mill procurement packages.
Discussions in respect of financing are advancing well, in line with tight specification of vendor supply packages.