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INTERVIEW: Why 2019 is an exciting year for W Resources

W Resources plc (LON: WRES) Chairman, Michael Masterman joins DirectorsTalk to discuss its La Parrilla mine development and Portugal update. Michael talks us through what has been happening at La Parilla, explains the 3 ramp up stages, updates us on Regua and other projects and lets us know what to look out for in terms of news flow.

With five projects in Spain and Portugal, W Resources plc has three tungsten projects: La Parrilla in Spain, Régua and Tarouca in Portugal; the CAA/Portalegre gold/copper project and Monforte-Tinoca copper project in Portugal.

La Parrilla is fully funded and development work is on track towards project completion in Q1 2019. The project is a large, low cost mine which is expected to deliver significant earnings growth in 2019.

Market conditions are strong and the development is well timed to meet emerging supply shortages. In parallel Régua development is advancing, we have good results from Tarouca and the fundamentals of the copper and gold projects in Portugal look increasingly compelling with the continued strengthening of commodity prices.

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W Resources La Parrilla starting to reap benefits from substantial plant improvement programme June 1, 2020
W Resources £4.0 million expanded finance facility March 30, 2020
W Resources Mining and plant operations at La Parrilla and Régua continue with stringent procedures March 16, 2020
W Resources Régua First Mine Blast, La Parrilla Update March 10, 2020
W Resources New Loan Facility and Extremadura Grant Update February 18, 2020
W Resources Operations commence at Régua tungsten mine February 5, 2020
W Resources short term directors loans converted to shares January 20, 2020
W Resources First shipment of tungsten from new concentrator plant January 9, 2020
W Resources Plc Strengthen Board with Mr Oscar Marin Garcia January 8, 2020
W Resources Plc Additional US$5m Facility Provided by Funds managed by BlackRock December 18, 2019

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