W Resources PLC Earthworks Commence at La Parrilla (5748J)
April 03 2018 - 2:44AM
UK Regulatory
TIDMWRES
RNS Number : 5748J
W Resources PLC
03 April 2018
3 April 2018
W Resources Plc
("W" or the "Company")
Earthworks Commence at La Parrilla Mine
W Resources Plc (AIM:WRES), the tungsten, copper and gold
exploration and development company with assets in Spain and
Portugal, is pleased to announce that earthworks have commenced at
its flagship La Parrilla mine in Spain and mobilisation of the
construction team to site has started following the BlackRock
Financial Management Inc. financing in February.
Site preparation works are underway with earthworks pads for the
offices and key construction infrastructure nearing completion.
The Crusher engineering is 75% finalised and award of the
structural steel contract is expected to be completed early this
month. Equipment manufacturing from Metso Minerals Portugal, Lda is
well underway and nearing completion. The Crusher plant site works
are on schedule to commence this month with the first concrete pour
planned for May. Steel installation is scheduled to follow quickly
thereafter with the Crushing plant equipment delivered to site as
needed.
allmineral Aufbereitungstechnik GmbH & Co. KG of Germany is
progressing engineering and manufacture of the Jig and Concentrator
plants from Germany and these important plants remain on budget and
on schedule.
Michael Masterman, Chairman of W Resources commented: "Overall W
has moved quickly into a position where by the end of March 2018
approximately 60% of the total project commitments have been placed
in firm contracts or purchase orders, providing good momentum in
just over a month from financing completion."
W aims to provide regular updates to its shareholders on the
progress at La Parrilla and with this in mind will release regular
'Project Progress Photos' on the Company's social media accounts
and the corporate website. In the June quarter the Company will
move to set-up a time lapse camera so that the Company can provide
periodic update footage to shareholders which will demonstrate
on-site progress.
Twitter - https://twitter.com/WResourcesPlc
LinkedIn - https://www.linkedin.com/company/w-resources-plc
Corporate website - www.wresources.co.uk
Enquiries:
W Resources Plc Grant Thornton UK LLP
Michael Masterman Colin Aaronson / Jen
T: +44 (0) 20 7193 7463 Clarke / Harrison Clarke
www.wresources.co.uk T: +44 (0) 20 7383 5100
Turner Pope Investments (TPI) Gable Communications
Ltd Justine James
Andy Thacker T: +44 (0) 20 7193 7463
T: +44 (0) 203 621 4120 M: +44 (0) 7525 324431
www.turnerpope.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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