RE: Share price.19 Mar 2021 09:58
The next two weeks should be an enormously constructive period for Vast as we physically assemble the key elements responsible for delivering on our revised and upgraded mine plan at Baita Plai," said CEO Prelea.
Last month, the company announced a revised plan for the producing mine which envisaged a move away from traditional labour-intensive mining methods towards more modern mechanised mining.
Baita Plai, located in the Apuseni Mountains of Transylvania, hosts Romania's largest polymetallic mines. It has a JORC compliant reserve and resource report which underpins an initial production life of approximately three to four years with an in-situ total mineral resource of 15,695 tonnes copper equivalent with a further 1.8mln-3mln tonnes exploration target.