W Resources plc (LON: WRES) Chairman Michael Masterman catches up with DirectorsTalk to explain whats been happening throughout 2018. Michael, brings us up to date on projects in Spain and Portugal, talks us through the highlights of it’s Spain flagship project – La Parrilla, the key drivers in the Tungsten market, 3 and 6 month goals at the project, developments at Régua in Portugal, activity on copper / gold projects and what three key points investors should consider when looking at W Resources.
W Resources is building a European mining company focussed on delivering long term production of tungsten, a key strategic metal with strong market fundamentals.
With five projects in Spain and Portugal, W 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.