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

Retweet on Twitter W Resources Plc Retweeted

Proactive @proactive_UK·

15 Sep

$WRES W Resources expects La Parilla mine to reach full-year production target after continued output rise in August https://tinyurl.com/ygrkmp6u @WResourcesPlc #WRES #Katie_Proactive

Reply on Twitter 1438031845065641984 Retweet on Twitter 14380318450656419841 Like on Twitter 14380318450656419842

W Resources Plc @WResourcesPlc·

12 Aug

“#Tin’s three-month price reached yet another all-time peak of $35,795 per tonne on Wednesday August 11 on the London Metal Exchange. Its three-month price has risen by 70% since the start of the year, having been $21,049 per tonne on January 4.” - FastmarketsMB

Reply on Twitter 1425685348990939136 Retweet on Twitter 14256853489909391361 Like on Twitter 14256853489909391364

Retweet on Twitter W Resources Plc Retweeted

Vox Markets @VOXmarkets·

9 Aug

W Resources PLC - La Parrilla Update #WRES @WResourcesPlc https://www.voxmarkets.co.uk/rns/announcement/23e58df4-d726-4100-9eb8-e43be1ef71f1 #voxmarkets #investing #shares #RNS via @voxmarkets

Reply on Twitter 1424613159881555972 Retweet on Twitter 14246131598815559721 Like on Twitter 14246131598815559722

Please agree to the terms before downloading

This document has been prepared and issued by Shard Capital Partners LLP (“Shard Capital”), which is authorised and regulated by the Financial Conduct Authority.

This document constitutes a minor non-monetary benefit. This document is a marketing communication and not independent research. As such, it has not been prepared in accordance with legal requirements designed to promote the independence of investment research.

This document is published solely for information purposes and is not to be construed as a solicitation or an offer to buy or sell any securities, or related financial instruments. It does not constitute a personal recommendation as defined by the Financial Conduct Authority, nor does it take account of the particular investment objectives, financial situations or needs of individual investors. The information contained herein is obtained from public information and sources considered reliable. However, the accuracy thereof cannot be guaranteed.
The information contained in this document is solely for use by those persons to whom it is addressed and may not be reproduced, further distributed to any other person or published, in whole or in part, for any purpose, at any time, without the prior written consent of Shard Capital. This document is not intended for retail customers and may not be distributed to any persons (or groups of persons) to whom such distribution would contravene the UK Financial Services and Markets Act 2000. Moreover, this document is not directed at persons in any jurisdictions in which Shard Capital is prohibited or restricted by any legislation or regulation in those jurisdictions from making it available. Persons into whose possession this document comes should inform themselves about, and observe, any such restrictions.
Shard Capital or its employees may have a position in the securities and derivatives of the companies researched and this may impair the objectivity of this report. Shard Capital may act as principal in transactions in any relevant securities or provide advisory or other service to any issuer of relevant securities or any company connected therewith.
None of Shard Capital or any of its or their officers, employees or agents accept any responsibility or liability whatsoever for any loss however arising from any use of this document or its contents or otherwise arising in connection therewith. The value of the securities and the income from them may fluctuate. It should be remembered that past performance is not a guarantee of future performance. Investments may go down in value as well as up and you may not get back the full amount invested. The listing requirements for securities listed on AIM or ISDX are less demanding and trading in them may be less liquid than main markets. If you are unsure of the suitability of share dealing specifically for you then you should contact an Independent Financial Adviser, authorised by the Financial Conduct Authority. By accepting this document, the recipient agrees to the foregoing disclaimer and to be bound by its limitations and restrictions.
Shard Capital has in place a Conflicts of Interest Policy relating to its research and marketing communication activities, and disclosure and conflicts in general is available on request.
*W Resources is a broking client of Alternative Resource Capital and Shard Capital Partners LLP.
Alternative Resource Capital is a trading name of Shard Capital Partners LLP which is authorised and regulated by the Financial Conduct Authority.

I have read and understand the above terms

Download Report