London-listed W Resources (AIM:WRES) has sold its first shipment of tungsten concentrate from the La Parrilla site.
The company’s concentrator plant kick-started its production of tungsten and tin concentrate at the end of November 2019, initially on a 12-hour operation until a 24-hour transition was confirmed on 18 December.
This development was partially offset by a number of planned and unplanned shutdowns at the time to adjust and fine-tune equipment, the group detailed.
As a result, production in the last quarter of 2019 amounted to 21.4 tonnes of tungsten concentrate and 7.9 tonnes of tin concentrate.
Shares in W Resources were trading 5% at 0.315p on Thursday morning.
W Resources anticipates production levels to ‘ramp-up substantially’ in the first quarter of this year with higher than expected tin production and revenue.
Specifically, the mining company expects a full three months of production compared to last quarter where the majority of production was made during December.
“Mining and grade control is broadly in line with 2017 FID with higher tin grades currently driving higher than expected tin production,” noted Michael Masterman, Chairman of W Resources.
The company also say they see debottlenecking initiatives and the completion of contractor rectification work as contributing to future production increases.
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