La Parrilla

LocationProvinces of Caceres-Badajoz in the Extremadura region of southwest Spain approximately 310km southwest of Madrid
CommodityTungsten trioxide and tin
Mine typeMining licence. Open pit mine initially
DevelopmentProduction commenced in September 2016 with the FTM scaling up in 2017.
ResourceJORC resource estimate of 51 million tonnes 0.096% WO3 and 0.108% Sn (February 2016)
Project Life15 years
Ownership100% owned by W Resources and acquired in 2013

La Parrilla is one of the largest tungsten deposits in the western world and is scalable at low cost.  The mineral resource estimated by Golder Associates in February 2016 confirmed is 51 million tonnes at 0.096% WO3, at a cut-off grade of 0.04% WO3, and 0.108% Sn.

With its core infrastructure in place, the site is accessed directly from the highway along a 3km asphalt road and is serviced by electricity and water. Importantly, the mine is located within a short trucking distance from both the Atlantic and Mediterranean ports.

With low Capex and Opex, the La Parrilla Fast Track Mine commenced tungsten concentrate production in September 2016, and is expected to ramp-up over the following 6 months to reach a run rate of 400tpa in early Q2 2017.  Full Mine development will then be scaled up to a target of 2,500tpa, increasing to 5,000tpa by 2020.

In addition, W continues with drilling programmes at both the North and South of the current orebody.  Results from the drilling programmes are delineating a larger orebody in particular to the South with high grades of both tungsten and tin which are being evaluated and enables W to produce a higher grade ore as it sits on surface.

A revised mine plan will be prepared which it is envisaged will increase the resource of the mine and the Life of Mine and is anticipated by early 2017.