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Last 0.43 GBp
Change Today +0.03 / 7.59%
Volume 140.5M
As of 12:03 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

w resources plc (WRES) Snapshot

Open
0.39 GBp
Previous Close
0.40 GBp
Day High
0.48 GBp
Day Low
0.39 GBp
52 Week High
08/29/14 - 0.83 GBp
52 Week Low
03/16/15 - 0.22 GBp
Market Cap
15.2M
Average Volume 10 Days
58.4M
EPS TTM
-0.0003 GBp
Shares Outstanding
3.6B
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for W RESOURCES PLC (WRES)

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w resources plc (WRES) Details

W Resources Plc engages in the exploration and development of tungsten properties primarily in Spain and Portugal. It also explores for copper and gold. The company has interests in the La Parrilla project, which consists of 3 mineral concessions covering 1,000 hectares located in the Extremadura region of southwest Spain; Régua tungsten deposit project that covers an area of 8 square kilometers located to the north of Lisbon, Portugal; and Tarouca exploration license covering 48 square kilometers located to the east of Porto, Portugal. It also owns a license for the exploration of the São Martinho gold prospect covering an area of 101.7 square kilometers located to the east of Lisbon, Portugal. The company was formerly known as Caspian Holdings Plc and changed its name to W Resources Plc in July 2012. W Resources Plc was incorporated in 2004 and is based in London, the United Kingdom.

3 Employees
Last Reported Date: 05/27/15
Founded in 2004

w resources plc (WRES) Top Compensated Officers

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Executives, Board Directors

w resources plc (WRES) Key Developments

W Resources Plc Completes its Drilling Campaign at Régua in Northern Portugal

W Resources Plc has completed its drilling campaign at Régua in Northern Portugal, which has delivered exceptional results. The drilling programme has further defined high grade extensions to the north east (Holes RGD024 /RGD025) and in addition, a step out hole identified a significant new extension of the orebody to the north west (Hole RGD026A): Hole RGD024 - 2.2 metres at 0.36% WO3 from 96.77 metres; Hole RGD025 - 5.82 metres at 0.33% WO3 from 129.95 metres; Hole RGD025 - 3.07 metres at 0.56% WO3 from 132.70 metres; Hole RGD026A - 2.58 metres at 0.43% WO3 from 144.67 metres; Hole RGD026A - 6.45 metres at 0.35% WO3 from 206.55 metres. Five short holes drilled in the centre of the orebody clearly defined the initial open pit mining area with multiple levels of high grade tungsten mineralisation at surface or close to surface with limited cover. Key results from the short hole programme include: Hole RGD028 - 4.35 metres at 0.83% WO3 from 16.50 metres; Hole RGD027 - 3.08 metres at 0.61% WO3 from 33.60 metres; Hole RGD027 - 6.24 metres at 0.75% WO3 from 44.29 metres; Hole RGD030 - 8.42 metres at 0.45% WO3 from 8.99 metres; Hole RGD032 - 4.44 metres at 0.44% WO3 from 15.46 metres. The Régua drilling programme is now complete and results are being incorporated in to the updated resource model. Work continues on the resource update for Régua and La Parrilla and W expects to be able to provide an update on this by early fourth quarter.

W Resources Plc Receives Environmental Approval for its Fast Track Mine at La Parrilla Tungsten Mine Located in Spain

W Resources Plc announced that is has received environmental approval for its Fast Track Mine ('FTM') at La Parrilla tungsten mine located in Spain. Environmental approval was granted earlier than anticipated, by the Environmental Department of the regional authority of the Junta de Extremadura, and this enables the Mining Department to proceed to issue the development approval for the FTM, which is now expected in September 2015.

W Resources Announces Update on the Final Stage of its Infill Diamond Drilling Programme at its La Parrilla Fast Track Mine in Spain

W Resources Plc has completed the final stage of its infill diamond drilling programme at its La Parrilla Fast Track Mine (FTM) in Spain. As part of the 2015 development programme, the rig has now been moved to the highly prospective La Parrilla West with the objective of defining a second and potentially materially higher grade open pittable resource. La Parrilla Mine currently has an Australasian Joint Ore Reserves Committee (JORC) Inferred Resource of 46.92 Mt at 0.09% Tungsten Trioxide (WO3). The diamond core drilling for this area has now been completed and initial mining is planned to commence at the ‘grandmother's house’ area located adjacent to the existing open pit during 2016. Grade control drilling using a reverse circulation or air core rig will commence in the third quarter of 2015. Initial grades from the first four of 12 holes are in line with expectations, with some significant intersections including: 11.26 metres at 0.170% WO3 from 66m in hole IP-15; 16.50 metres at 0.128% WO3 from 74.5m in hole IP-16; 17.49 metres at 0.126% WO3 from 48m in hole IP-13; 7.53 metres at 0.108% WO3 and 0.149 % Sn from 74.1m in hole IP-13; 17.80 metres at 0.093% WO3 and 0.115% Sn from 98.55m in hole IP-16. The diamond core rig has now moved to the highly prospective La Parrilla West area where W Resources previously intersected 32 m at 0.55% WO3 from 40 m. The objective of the programme is to drill 2-4 holes in order to better define an initial mine pit target in this large and highly prospective area.

 

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Valuation WRES Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 9.4x
Price/Book 1.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 14.5x
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