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W Resources Plc
Summary
| Project: | La Parrilla | |
|---|---|---|
| Deposit: | La Parrilla | |
| Location: | Spain | |
| Commodities: | Tungsten-Tin | |
| Date: | 6/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 14-6-2017: W Resources Plc announces a Resource Estimation report for its La Parrilla deposit at the La Parrilla project. Initial reserve estimate for La Parilla. W Resources Plc (AIM:WRES), the tungsten, copper and gold exploration and development compan | |
| Resources: | (Reserve, P+P): 29.754Mt @ 931ppm WO3, 116ppm Sn at La Parilla | |
| CP/QP: | [Overall Report]: Aden Munoz (AYMA Mining Solutions) | |
| ABSTRACT: | W Resources Plc (AIM:WRES), the tungsten, copper and gold exploration and development company with assets in Spain and Portugal, is pleased to announce its Maiden Ore Reserves for the La Parrilla mine in Spain, prepared in accordance with the JORC Code 2012. Mining at La Parrilla will proceed in stages starting the in the Fast Track Mine (FTM) area and then expanding. The first stage FTM pit has a low strip ratio of 1.43 to 1 and will be mined for 4-6 years prior to a cutback to move to the larger LOM pit. Run of Mine (ROM) feed grades in the first 3 years of mining average 1,220 ppm of WO3 and 150 ppm of Sn at a ROM feed rate of 2 mtpa. As previously reported (RNS, 11 May 2017) this is a significant increase over previous mine schedule estimates and delivery of these higher grades increases projected revenues and cash flows in the early years of production. Michael Masterman, Chairman of W commented: "La Parrilla is a large, low cost, long life tungsten and tin mine with a mine life of over 11 years and a cost structure at the bottom of the world cost curve. It is a pleasure to report our Maiden Reserves of 29.7 mt of ore. The team is focused on commencing mining which will deliver high grades of tungsten ore averaging 1,220 ppm WO3 to the La Parrilla plant in the important early years of the mine development. These higher grades boost our production and cash flows and are part of a highly economic mine development. | |
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