| Northland Capital Partner View on W Resources LON:WRES: W Resources is continuing to advance its La Parrilla Tungsten Project towards first hard-rock production before the end of the year. As part of the updated development study, expected to be completed in Q116, it has announced that it will increase production at La Parrilla in three phases. The first phase of production is in line with our previous expectations with c. 1,300 t per annum of tungsten bearing concentrate (85,000 mtu of contained WO3) produced during the first year of full production (2017). This development phase will cost US$16m and is expected to be funded by an EU Government or by a joint venture. The second phase, which is the new phase, will see tungsten concentrate production increase to 2,600 t per annum (170,000 mtu). The Company is opting for a second production stage because of the wide availability of crushing equipment in Europe, allowing it to design the initial plant with a higher front end capacity. The higher front end capacity means it can rapidly, by 2018, double production levels for a low incremental cost of US$6m once the project has been operationally de-risked. The third stage is in-line with our previous expectations and will see the production of 5,000 t (340,000 mtu) of tungsten bearing concentrate per annum, at a capital cost of US$31m (€27m). |
What are the uses of Tungsten?
1st July 2020
Tungsten derives its name from the Swedish “Tung Sten,” which translates to “heavy stone.” Tungsten is a metal that is gray-white in color. This metal is stable and exhibits high resistance to acids and bases. Tungsten