W Resources is a new tungsten and gold player focused in the safe operating enviroment of spain and portugal, and in relative quick time the company have assembled some solid assets with both near and long term revenues targeted. The company has no current gearing ( no debt ) and also has a current  income from its 50% share of oil revenues via Black Gold Inc in Kentucky which covers the company,s administration costs. ( W Resources was previously focused entirely in oil and gas ). With the closing of many of the worlds tungsten mines during the chinese export flood of recent times there is now a significant opportunity for tungsten miners outside of china to fill demand in western markets as china restricts exports.World tungsten prices have more than doubled since the start of 2010 .The company is listed on london AIM market using the epic WRES .

Spain : ( La Parrilla )

In late 2011 / early 2012 the company aquired the La Parrilla tungsten mine located in south west Spain which has been described by leading consultants SRK as hosting "one of the largest tungsten deposits in the western world " and have wasted no time in moving forward with their plans. Also of note at La Parrilla is a very sizable Tailings resource, in  which the company have devised a detailed and costed plan to provide immediate revenue sources estimated to deliver €7million per annum in revenue.Ths is based on Annual plant feed of 330,000 tonnes and annual production is anticipated to be 28,000 MTU Tungsten (W) and 26 tonnes Tin (Sn). The tailings project is expected to be in production in early 2013.

The tailings project will then self fund the larger project at the main La Parrilla mine where the recent drilling results have far exceeded expectations and point towards a highly commercial resource of high grade tungsten with low cost / high margin returns. 6 holes have been drilled and logged to date and thus far proved that vast extensions of the main mine resource are present. La Parrilla has excellent existing access and infrastructure in place which will add to commercial profitabilty and aid the projection of nearterm revenues.

 

Fig 1 - Map Location of La Parrilla

 

Portugal : ( Portalegre )

In late may 2012 the company…

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