W Resources Plc (LON:WRES) Chairman Michael Masterman talks to DirectorsTalk about an update on the design and development planning for the La Parrilla Tungsten Project, provides more detail as to what is involved in the first phase and talks about the upcoming milestones that shareholders should look out for.
In 2012, W Resources Plc (LON:WRES) made the successful transition into a tungsten production exploration and development company with projects in Spain and Portugal, following two acquisitions. Projects 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.