A new focus on Tungsten AIM: WRES www.wresources.co.uk June 2013
Overview Company information Share price history Ticker: WRES (formerly CSH) Listing: LSE AIM (2004) Focus: Tungsten and Gold exploration & development Projects: La Parrilla, Spain - Tungsten tailings and option to acquire mine Rgua,…
W Resources Strategic diversification achieved through acquisition: Iberian Resources Spain in December 2011 which comprises the La Parrilla tungsten tailings deposit and the option to acquire the La Parrilla open pit tungsten…
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 Golder Associates Resource Estimate resulted in a 30% increase in JORC Resources (47 million tonnes at 0.09% WO3 at a 0.04% cut- off grade), making it one of the largest tungsten deposits in the western world 18…
La Parrilla Tailings Project Tailings project expected to be in production in H2 2013 which is anticipated to deliver over 7 million per annum in revenue at current tungsten and tin prices In 2010 a detailed survey of the coarse…
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 (t) WO3 (mtu) Inferred 46.92 0.09 3.99 M 0.009 4270 Indicated 2.14 0.367 0.785M Source:…
Newsflow 2012 IRS acquisition delivers La Parrilla Mine and Tungsten projects La Parrilla mine option extension Jan Drilling started at La Parrilla Exceptional drilling results from La Parrilla High grade results from Hole 1,…
Newsflow 2013 La Parrilla Tailings Project receives Authorisation from Spanish Authorities Jan La Parrilla Mine extension drilling completed Feb Golder Associates started resource estimation process Early exploration success at…
Strategy Focus: Board and management team focused on bringing La Parrilla tailings project into production within 6 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 Other after diamonds Russia Highest…
The Opportunity Grown from GBP 5.6 million to GBP 25 million market cap in less than 12 months faster to production with significant upside vs listed peers La Parrilla tailings advancing to production Capital cost 1.6m - 1.8m…
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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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