Member Info for mizman

The Company is extremely pleased with the initial indications from the test work on producing the copper concentrate and so far, the grades are greater than originally forecasted. It is expected that the underground drilling currently underway will further confirm the continuation of similar grades at depth.

The Company looks forward to providing further updates on the continuing drilling and assay results over the coming weeks.

15 May 2020

Vast Resources plc
(“Vast” or the “Company”)

Further Baita Plai Metallurgical Test Work Update
Progress on asset backed debt financing

Vast Resources plc, the AIM-listed mining company, is pleased to update the market on progress on metallurgical test work at its Baita Plai Polymetallic Mine “Baita Plai” in Romania and on its progress on asset backed debt financing.

Test work

Following the previous announcement made on 12 May 2020 regarding the Baita Plai Metallurgical Test Work, the Company can confirm it has now received the remaining Batch 2 Head Assay Results which offers further confirmation of higher gold and silver values. These new results now further confirm Vast’s increased insight into the expected gold and silver values in the working areas expected to commence production shortly and which should substantially increase the value of the saleable copper concentrate.

Table 1: Complete Batch 2 Head Assay Results

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Really good.

Can you back up your claim of the % drop and why you think more funding is needed and why? Otherwise you are still deramping.

I think we have an extra juicy bonus with Molybdenum. Check out the figures below:

Moly is traded between $21-29,000 per ton.

The cost of extraction is very low, as it’s in the ore anyway. So it just needs to be floated after the Cu and Zn/Pb float

Anything above 0.1% in situ is valuable.

So if VAST are doing say 14,000 t per month, we @ 0.1% we get 14t per month at a 85% recovery that’s almost 12t per month.

At $21,000 per ton = that’s $250,000 per month extra for nothing!

Baita’s original name in the 40’s and 50’s was called the Molybdenum mine.

A bit of history on BP.
Baita was originally a Roman Gold mine thousands of years ago. In the modern era it was started as a gold cap.

Most of the Romanian modern mines started that way, including most of Remin and Blueberry which VAST also has.

Some poor idiot with fat fingers. Wanted to sell at 0.18.

Oh dear, they won't be happy, especially when the SP will get back to 0.5p before diamond news.

Hey Sandy Monster was my coinage. BP is now officially a Mega Monster of a mine.

Very funny QED :)

To refinance T1, I think the relationship with Mercuria is key and we have a good one. They or any other potential financier will want a JORC to prove the value of the asset.

So we should see a madien JORC declared at some point in May or June.

Sandy, he's probably think enough to try and put a short on for that scenario.

I think covid 19 was the biggest unforseen risk. AP is dealing with that pretty well. BP is on track though not to the original early end of the spectrum.

To be balanced I agree, we should think of what could go wrong in the next 30 days. What if a giant sink hole opened up and swallowed up all of the equipment?

That would be very bad. Quick, I better sell up. Thanks No cred you're a god send.

SONIC, I hope you're still not short. 0.7 for BP. JORC soon and we will be at 0.5 in a blink of an eye.
If the diamonds come along, AP's 1.44p will be easily achieved.

BP is a monster. It will payback easy Atlas via refinance and then huge cash flows.

From the telegram group :

"I have spoke to AP and he says all the money raised has been used for the project.

They have a DD team, geological and engineering team, offices, cars, equipment.

We have been working for 18 months.
Legal costs, these projects don’t just happen, they cost money to prepare

So any thoughts that the $1million is lost is false"

https://www.miningindex.co.zw/2020/05/01/marange-community-in-a-self-purging-process-ahead-of-a-multi-billion-dollar-diamond-project/

Lockdown has been eased. Downgraded to level 2!

SONIC. Are you reading the same RNA? All parties have written they are happy with VAST.

I know you have been hurt by your losses in KIBO. Better put your frustrations and shorts on that board.

Billions of dollars worth of diamonds and VAST should just walk away?

No thanks. Won't be long now.