A new focus on Tungsten AIM: WRES www.wresources.co.uk October 2012
Overview Company information Share price history Ticker: WRES (formerly CSH) Listing: LSE AIM (2004) Tungsten and Gold exploration & Focus: development La Parrilla, Spain - Tungsten tailings and option to acquire mine Rgua,…
W Resources Strategic diversification achieved through acquisition of Iberian Resources Spain for a consideration of US1million in December 2011 Comprises the La Parrilla tungsten tailings deposit and the option to acquire the La…
La Parrilla - Spain La Parrilla project comprises 100% ownership of the La Parrilla Tungsten tailings deposit and an option to acquire the La Parrilla open pit Tungsten mine Situated in the Extremadura region of southwest Spain, in…
La Parrilla Mine The historic mine resource estimated by SRK in 2008 is 36.0m tonnes at 0.09% WO3 making it one of the largest tungsten deposits in the western world 18 month exclusive option extension to complete the step out…
La Parrilla Area Map of Drilling October 2012 7
La Parrilla Section Tungsten zones Planned new holes Drilled extension holes (3-5) October 2012 8
La Parrilla Tailings Project Tailings project expected to be in production in Q2 2013 which is anticipated to deliver approximately 7 million per annum in revenue at current tungsten and tin prices In 2010 a detailed survey of the…
La Parrilla Area Map of Tailings October 2012 10
Iberian Resources Portugal Portfolio strengthened in July 2012 with acquisition of AIO and its subsidiary, Iberian Resources Portugal Recursos Minerais Unipessoal (IRP), bringing 100% ownership of: The high grade Rgua tungsten…
Rgua & Portalegre - Portugal Rgua tungsten permit Located 400km north of Lisbon and 95km east of Porto covering 8km2 Golder Associates resource estimate resulted in a 30% increase in JORC resources: Based on results of 34 holes for…
Resources & Reserves La Parrilla Tungsten Mine Rgua Tungsten Deposit WO3 Contained Sn Contained Contained Mt Mt WO3 (%) (%) WO3 (mtu) % Sn (mtu) WO3 (mtu) Inferred 36.0 0.09 3.24 M 0.01M 0.36M Indicated 2.14 0.367 0.785M Source:…
Newsflow 2012 IRS acquisition delivers La Parrilla Mine and Tungsten projects Jan La Parrilla mine option extension Drilling started at La Parrilla Exceptional drilling results from La Parrilla Apr High grade results from Hole 1,…
Strategy Focus: Board and management team focused on bringing La Parrilla tailings project into production within 18 months and developing the large scale mine High Margin: The deposit and tungsten mine development offer a low cost,…
Tungsten Tungsten is a rare metal that is critical to some key applications with no satisfactory substitutes, due to its strength and resistance to heat Market conditions are attractive for Western tungsten producers as significant…
Tungsten A critical metal scarce as rare earths Tungsten has unique properties and no real substitutes World supply is dominated by China Strongest of all metals and second strongest materials after diamonds Other Russia Highest…
The Opportunity GBP5.6 million market cap faster to production with significant upside vs listed peers La Parrilla tailings advancing to production Capital cost 1.3 million Target initial production 28,000 MTU per annum of tungsten…
Board and Management Team Board Michael Masterman Strong track record in establishing and building new resources companies and raising project finance. Chairman Founding shareholder of Fortescue Metals Group currently International…
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