W Resources Gains Access And Approvals for Regua Tungsten Project in Portugal

W Resources is now on track to start trial mining at Regula, the project chairman Michael Masterman calls the "quiet achiever."

W Resources PLC (LON:WRES) has secured land access and all approvals for the first stage of the Régua tungsten mine development in Portugal.

Land access was secured through the acquisition of the 20.3 hectares of land covering the main area of the Régua mine, for a consideration of €300,000.

The 20.3 hectare land purchase covers the outcropping resource of the Régua deposit along with the trial mine facilities including the portals and the underground projected stopes.

Under the Armamar municipality Land Use Plan, the Régua project area is classified as a mining area the trial mine project has now obtained all required approvals from the central Mines Department and Regional Authorities.

The Régua mine has inferred and indicated resources of 5.46 million tonnes at 0.28 % WO3 and is open at depth and in all directions.

The mine will be developed with two near horizontal adits bored directly from outcropping sections of the orebody. Run of Mine feed grade for the first two years is estimated in the mine plan to average 0.43%, which is high by global standards and three times that at the company’s La Parrilla project in Spain.

The ore will be trucked to a nearby crushing plant and processed through to high grade concentrate at a new modular concentrator. All this provides the basis for an estimated trial mine start-up cost of around €2.5 million.

“If La Parrilla, financed this month, is the flagship, then Régua is the high-grade quiet achiever,” says W Resources chairman Michael Masterman.

“Our Portugal team has secured all approvals and now the land access to allow Régua to proceed smoothly to first production.”

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