W Resources PLC (LON:WRES) Chairman Michael Masterman talks to DirectorsTalk about a positive set of final results for 2015 and year to date, how la Parilla development is tracking and the major milestones with other assets.
W Resources Plc made in 2012 the successful transition into a tungsten production exploration and development company with projects in Spain and Portugal, following two acquisitions. Projects now include La Parrilla, a tungsten project in Spain and Régua and Tarouca Tungsten projects and the CAA / Portalegre copper-gold project in Portugal. The Company’s deposits and tungsten mine developments offer a low cost, high margin resource development opportunity due to a strong market following for Tungsten, increased trading and a forecast shortage of supply. The Board is focused to explore further opportunities in the region with a view to building a mid-tier minor metal producer.