Tungsten, Tin & Gold

Building one of the world’s largest tungsten mines

W Resources is building a European mining company focussed on delivering long term production of tungsten, a key strategic metal with strong market fundamentals.

Our Strategy

W Resources strategy is to build a European mining company focussed on delivering long term production of tungsten, a key strategic metal with strong market fundamentals.

With a focus on building a world class tungsten company, its flagship project, La Parrilla in Spain is one of the world’s largest tungsten mines, which commenced production in November 2019 and is funded by BlackRock.

Demand for tungsten remains high and with tight supply, W is well positioned to benefit from the continued demand and higher prices, with offtake agreements already in place on La Parrilla. Importantly, the predicted supply shortages are expected to result in upwards trending prices with market forecasts of between US$445/mtu and US$530/mtu by 2023.

Our Projects

With four projects in Spain and Portugal, W has three tungsten projects: La Parrilla in Spain, Régua and Tarouca in Portugal and the CAA/Portalegre gold project in Portugal.

Production at La Parrilla commenced with the new plant in November 2019, moving to 24-hour operation in late December 2019. Tungsten and tin production will build substantially throughout 2020. The project is a large, low-cost mine which is expected to deliver significant earnings growth in 2020.

Market conditions are strong and the development is well timed to meet emerging supply shortages, particularly with the second mine now coming on stream at Régua where operations have commenced following the release of a JORC resource update. In parallel, good results from Tarouca and the fundamentals of the gold project in Portugal look increasingly compelling with the continued strengthening of commodity prices.

Project Locations

Tungsten

The tungsten European APT price is forecast to increasing to cUS$335/mtu by late 2020. La Parrilla is in great shape as the Final Investment Decision was made at US$240/mtu on cost of just US$94/mtu.

Latest News

Reports & Presentations

ARC / Shard Research Note

16 April 2021

2020 Annual Report

4 June 2021

La Parrilla FID Report

25 August 2017

Twitter

W Resources Plc @WResourcesPlc·

10 May

WRES news of payment of Extremadura Grant featured on VSA Morning Miner this morning who commented: "the world would stop if we didn't have tungsten..." #tungsten #Mining #laparrilla

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Retweet on Twitter W Resources Plc Retweeted

Vox Markets @VOXmarkets·

23 Apr

W Resources PLC - La Parrilla Management Team and Shipments Update #WRES @WResourcesPlc https://www.voxmarkets.co.uk/rns/announcement/0ac79c73-38e4-480f-b5bc-993708514faf #voxmarkets #investing #shares #RNS via @voxmarkets

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Retweet on Twitter W Resources Plc Retweeted

Proactive @proactive_UK·

23 Apr

$WRES W Resources makes key hire for La Parrilla https://tinyurl.com/yersbjtc @WResourcesPlc #WRES #Katie_Proactive

Reply on Twitter 1385515294597189634 Retweet on Twitter 13855152945971896342 Like on Twitter 13855152945971896342

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