Régua

LocationMunicipality of Armamar in the Viseu region of North-East Portugal approximately 400km North of Lisbon and 95km East of Porto
CommodityTungsten
Mine typeTrial Mining licence. Underground mine
DevelopmentStoping methods to be tested in early 2017. Mining licence and production scheduled for 2019
ResourceJORC resource estimate of 5.46 Mt at a grade of 0.28% WO3, with a C.O.G. of 0.1% WO3 (October 2015)
Project Life7 to 10 years
Ownership100% owned by W Resources and acquired in 2012

Régua is a significant high-grade tungsten deposit which is scalable at low cost and requires limited capital. The mineral resource estimate, produced by Golder Associates in October 2015, is 5.46 million tonnes at 0.28% WO3, based on a cut-off grade of 0.1% WO3.

The Mine is on-track to start production in 2019 targeting production of 1,300 tonnes of tungsten per annum.  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.

Trial mine development planning is now advanced and completion is expected during 2017. Metallurgical and pilot plant design work for an initial mine design with two initial portals and a trial stope has been approved and on track. A second phase plan for a larger scale high-grade underground operation is also in progress and will benefit from the acquired experience.

The Régua deposit remains open at depth and on all sides, with significant potential to boost tungsten production by 35% to 3,700 tpa.