23 April 2021
W Resources Plc
("W" or the "Company")
La Parrilla Management Team and Shipments Update
W Resources Plc (AIM:WRES), the tungsten, tin and gold mining company with assets in Spain and Portugal, has appointed Mr. Jesus Martin as Plant Manager at the La Parrilla tungsten and tin project in Spain.
Jesus will bring more than 40 years of experience operating metallurgic and gravimetric plants, mostly on tungsten and tin projects in Spain, including: Rodalquilar, Los Santos, Penouta and most recently the Barruecopardo tungsten mine in Western Spain.
The senior La Parrilla management team includes Pablo Neira - Managing Director (Spain), Juan Garcia Valledor - Mine Manager and Jesus Martin - Plant Manager. This appointment strengthens the management team at a key stage in the production ramp up at La Parrilla.
With the team at full strength, concentrate recovery rates increasing and progress being made to lower the water levels at the mine, W looks forward to regaining access to the high-grade ore bodies and increasing production.
In the quarter to date, W Resources has made three shipments with a fourth scheduled for later this month:
· Two shipments of 20t of tungsten concentrate
· One shipment of 19.3t of tin concentrate
· One shipment of 20t of tungsten concentrate is scheduled for 30 April 2021
Michael Masterman, Chairman of W Resources, commented: "I am pleased to welcome Jesus Martin to the La Parrilla management team. With the plant improvement plan recently completed he brings with him extensive experience and mining knowledge and strengthens the management team as we move towards reaching our T2 production run-rate later this year.
"We are making good progress this month and have already shipped 40t of tungsten concentrate and 19.3t of tin concentrate, with further shipments confirmed in the coming weeks."
Information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
W Resources Plc
Paul Hailes, CFO
Grant Thornton UK LLP
Colin Aaronson / Harrison Clarke/ Seamus Fricker / Lukas Girzadas
T: +44 (0) 20 7383 5100
Turner Pope Investments (TPI) Ltd
Andy Thacker / Zoe Alexander
T: +44 (0) 203 657 0050
Alternative Resource Capital / Shard Capital
T:+44 (0) 20 7186 9004
T:+44 (0) 20 7186 9952
T: +44 (0) 20 3405 0205
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