StockMarketWire.com - W Resources has received development approval for its La Parrilla Fast Track Mine (FTM) in Spain.

Approval was granted by the Mining Department of the regional authority of the Junta de Extremadura. Environmental approval was received in July 2015.

Development work on the project remained on track with the next key milestone for the La Parrilla project being the updated JORC mineral resource estimate, which is anticipated in Q1 2016.

Chairman Michael Masterman said:

"The granting of the development approval is a great credit to our Spanish team with the approval from the Mining Department coming just 8 months after submission of the formal environmental and development documentation and it gives us strong confidence in government support of the La Parrilla project.

"The team continues to make excellent progress on key resource, metallurgy and process engineering work." At 12:06pm: [LON:WRES] W Resources PLC share price was +0.16p at 0.67p



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