For thousands of other reports visit RSC's Mineral Intellingence Map
W Resources Plc
Summary
| Project: | La Parrilla | |
|---|---|---|
| Deposit: | La Parrilla | |
| Location: | Spain | |
| Commodities: | Tungsten-Tin | |
| Date: | 7/20/2016 | |
| Report Code: | JORC | |
| Report Type: | Optimisation Study | |
| Project Stage: | Mine Development | |
| Report details: | 20-7-2016: W Resources Plc announces a Optimisation Study report for its La Parrilla deposit at the La Parrilla project. Optimisation plan results incl. 90% higher production rate from mid-2017. W Resources Plc (AIM:WRES), the tungsten, copper and gold, e | |
| Resources: | (Resource, I+I): 51Mt @ 0.096% WO3, 108ppm Sn | |
| CP/QP: | [Overall Report]: Fernando de la Fuente (Not stated) | |
| ABSTRACT: | W Resources Plc (AIM:WRES), the tungsten, copper and gold, exploration and development company with assets in Spain and Portugal, has completed the mine optimisation plan of the initial La Parrilla open pit mine. Initial mining, plant commissioning and tungsten concentrate production and sales to customers will commence, as previously expected, in Q4 2016 using the existing on-site plant and facilities. The results of the mine optimisation plan have been evaluated, leading W to start mining at a higher rate of 1.95 mtpa. The optimised mine plan completed over the last 4 months results in lower mine strip ratios, lower mining costs and increases tungsten and tin concentrate production rates. The processing plant capacity will now be twice as large as previously designed and construction is to be completed in mid-2017. Mining will commence in Q4 2016 in the FTM area around the high-grade Hole IRC1-40 using an upgrade of the existing concentrator and site infrastructure with existing approvals. During the next 12 months it is planned that the process plant which will operate at 1.95 mtpa will be installed and commissioned with production at the large plant ramping up from mid-2017. Process plant engineering design at the higher mine production capacity of 1.95 mtpa is now advanced with preliminary engineering complete on the crusher, jig, mill and concentrate plant circuits. Ramp-up to full production is expected within 6-12 months from commencement of production. Based on initial work, W does not expect material increases in the total plant capital costs. Grade control drilling and drilling of the lateral extension of the FTM mine to the north and south has commenced which could potentially increase size of initial pits and extend the mine life. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report