W Resources raises cash for La Parrilla development

June 14, 2017

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Heavy minerals miner W Resources has completed a placement of 232-million ordinary shares at 0.28p apiece to raise £650 000 aimed at advancing its developing La Parrilla mine, in Spain, where it also just declared a maiden resource. The Aim-listed company on Wednesday said the mine held mineral reserves of 29.7-million tonnes, at 931 ppm tungsten trioxide (WO3) and 116 ppm tin, which could be unearthed at an average cash cost of $90/t for the first six years.

Category: General