W Resources appoints executive director, finance chief

Spain and Portugal-focussed tungsten, tin and gold company W Resources announced on Wednesday that non-executive director Pablo Neira has been appointed as an executive director, with a specific focus on overseeing the La Parrilla tungsten and tin project in Spain.

The AIM-traded firm said Neira, who was appointed as a non-executive director in September 2018, was based in Spain, and now led the team at La Parrilla as managing director.

It said he had more than 32 years of industrial manufacturing experience, with half of them in publicly-listed companies.

In addition, as part of the strengthening of the W Resources management team, the board said Paul Hailes had been appointed as chief financial officer - a non-board appointment - working on a part-time basis.

It said Hailes would bring “extensive” capital markets, financial and commercial experience to the team, having previously held the role of group finance director of AIM-quoted Immunodiagnostic Systems, and a non-executive director at Utilitywise.

“Since his appointment in 2018, Pablo has been a great asset to the team. Being based in Spain has been a major advantage operationally and he has now taken the helm at La Parrilla, where his leadership has already had a tangible impact on performance and productivity,” said chairman Michael Masterman.

“I am also pleased to welcome Paul to the management team.

“Paul brings strong capital markets experience and strengthens the team as we move into our next stage of growth.”

At 1453 GMT, shares in W Resources were up 4.68% at 0.12p.