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W Resources

  • BY: Andrew Hore |
  • POSTED: 16/04/2017 |

Tungsten explorer W Resources has awarded the design and construction contract for the jig and mill for its La Parrilla tungsten project in Spain. 

W Resources is paying €4.98m for the core component of the plant infrastructure at the project. The plant is expected to have 91% metal recovery rates and it can be expanded to handle 3.5mt a year. Grants are being applied for but the process with the regional government is still ongoing.

Last month, the company raised £750,000 at 0.35p a share. At the current price of 0.33p a share, W Resources is valued at £15.1m.

There are plans to spin off the company’s gold and copper assets into a separately quoted company. 

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