W Resources Plc (LON:WRES), the tungsten, tin and gold mining company with assets in Spain and Portugal, today announced the appointment of Alternative Resource Capital / Shard Capital as Joint Broker alongside Turner Pope Investments (TPI) Limited with immediate effect.
With the focus on development at W’s flagship project, La Parrilla in Spain which is nearing completion and with the transition to ramp up to full scale production due to commence in Q3, the project is on target to mine 2 million tonnes per annum of Run of Mine and produce approximately 2,500 tonnes of tungsten concentrate and 200t of tin concentrate per annum.
Michael Masterman, Chairman of W Resources commented: “We are delighted to be working with the teams at Alternative Resource Capital and Shard Capital at this pivotal point as the Company transitions into a full scale producer. We look forward to further building out the Company’s profile amongst institutional investors as W delivers one of Europe’s lowest cost and largest tungsten mines, in addition to exciting developments at Régua and our Portuguese projects.”
