QUOTE: WRES (AIM)
GBX 0.51 (-0.98%)
Tungsten
100% W Resources, acquired 2012
Trial Mining licence. Underground mine
Régua has a current Australasian Joint Ore Reserves Committee compliant mineral resource of 5.46 million tonnes (“mt”) at a grade of 0.28% tungsten trioxide (“WO3“), with an indicated resource of 3.76mt at a grade of 0.304% WO3.
The Mine is on-track targeting first ore in 2019. Régua will be a low cost Mine as W is able to utilise existing adits and the crushing plant which is already in place. This will increase W Resources tungsten production profile to over 3,800 tpa.
Régua’s high ROM grade (at greater than 0.3% WO3) and proximity to a crushing facility are likely to prove beneficial to the project economics.
The Régua deposit remains open at depth and on all sides, with significant potential to boost the resource growth to the northwest including a 10m thick tungsten intersection.
Municipality of Armamar in the Viseu region of North-East Portugal approximately 400km North of Lisbon and 95km East of Porto
| Category | Tonnage (Mt) | WO3 (%) | Cut-off (% WO3) |
|---|---|---|---|
| Total | 5.46 | 0.28 | 0.1 |
| Indicated | 3.76 | 0.304 | 0.1 |
| Inferred | 1.70 | 0.227 | 0.1 |
