W Resources (LON: WRES) Chairman Michael Masterman joins DirectorsTalk to discuss its latest La Parrilla update. Michael talks us through the first ore fed to the commissioned jig and mill plant at La Parrilla, explains what an announced mining contract agreement with General de Maquinaria y Excavación means for the company and what investors should be looking out for over the coming months.
With five projects in Spain and Portugal, W Resources 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 with the ramp-up to large scale production expected from Q3 2019. The project is a large, low cost mine which is expected to deliver significant earnings growth in 2019.