W Resources is on track to deliver on its strategy of building a European mining company focussed on delivering long term production of tungsten.
La Parrilla in Spain and Régua in Portugal are currently being developed as Fast Track Mines with first tungsten production starting in September 2016 at La Parrilla, ramping up to full production in 2017 and 2018 respectively.
The Company’s deposits and tungsten mine developments offer a low cost, high margin resource development opportunity due to a strong market following for Tungsten, increased trading and a forecast shortage of supply. The price of tungsten has dipped in recent years and a price recovery is anticipated in the near term.
In addition, the copper gold and copper projects bring further strength to the portfolio as the Company continues to build towards its target to become a mid-tier mining company.