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Appointment of New Processing Manager - Baita Plai

13 Apr 2021 07:00

RNS Number : 2080V
Vast Resources PLC
13 April 2021
 

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining

 

13 April 2021

Vast Resources plc

('Vast' or the 'Company')

 

Appointment of New Processing Manager at Baita Plai

 

Vast Resources plc, the AIM-listed mining company, is pleased to announce the appointment of Edward Hollings as Processing Manager at its Baita Plai Polymetallic Mine ("Baita Plai" or the "Mine") in Romania.

 

Edward has a wealth of experience in the metals industry having worked in base and precious metal projects for 15 years and specialising in metallurgy and processing. In his role as Processing Manager, starting on 10 May 2021, at the Baita Plai flotation plant, Edward will become a key part of the new full-time expert management team on site at Baita Plai as the new upgraded mine plan is implemented and successfully delivered over the course of 2021.

 

Edward most recently worked as Process Manager at the multi-national mining company Endeavour Mining, where he managed two gold/silver heap leach ADR process plants processing 4.3Mt to deliver 110,000oz per annum. During his tenure overseeing these operations, all four key production indicators were achieved for the first time in its four-year mine history in the first full quarter. Whilst in his role as manager, Edward successfully launched new cost control and reagent optimisation projects which led to an overall saving of 14% from the full year process budget.

 

Edward has also worked on commissioning and upgrade plans including the Husab uranium process plant in Namibia; and was a Senior Metallurgist that delivered a processing route and plant upgrade to add at least 10 years to the mine life at the Mount Isa Mines, which forms part of the Glencore group.

 

Edward holds a masters equivalent of B.Eng and B.Sc in Chemical Engineering from the University of Sydney, and is currently working towards attaining an MBA in International Minerals Resource Management from Dundee University. He is also a Chartered Professional in Metallurgy of the Australasian Institute of Mining and Metallurgy, and gained a Lean Six Sigma Green Belt from the Australian Organisation for Quality.

 

Andrew Prelea, Chief Executive Officer of Vast Resources Plc, commented:

 

"Edward's proficiency in managing expert teams and successfully introducing and leading new optimisation programmes at high performing mines will prove indispensable as we deliver the upgraded mine plan over the course of this year. His broad experience in the metals industry makes him a highly valuable addition and I look forward to welcoming him to the team in the coming weeks."

 

**ENDS**

 

For further information, visit www.vastplc.com, follow the Company on Twitter @vast_resources and LinkedIn, or please contact:

 

Vast Resources plcAndrew Prelea - CEO

Andrew Hall - CCO

 

www.vastplc.com+44 (0) 20 7846 0974

Beaumont Cornish - Financial & Nominated Adviser Roland Cornish James Biddle

 

www.beaumontcornish.com+44 (0) 020 7628 3396

SP Angel Corporate Finance LLP - Joint Broker Richard MorrisonCaroline Rowe

 

www.spangel.co.uk +44 (0) 20 3470 0470 

Axis Capital Markets Limited - Joint Broker Richard Hutchison

 

www.axcap247.com +44 (0) 20 3206 0320

St Brides Partners Limited Susie Geliher

 

www.stbridespartners.co.uk +44 (0) 20 7236 1177

 

 

ABOUT VAST RESOURCES PLC

Vast Resources plc is a United Kingdom AIM listed mining company with mines and projects in Romania and Zimbabwe.

 

In Romania, the Company is focused on the rapid advancement of high-quality projects by recommencing production at previously producing mines.

 

The Company's Romanian portfolio includes 100% interest in the producing Baita Plai Polymetallic Mine, located in the Apuseni Mountains, Transylvania, an area which hosts Romania's largest polymetallic mines. The mine has a JORC compliant Reserve & Resource Report which underpins the initial mine production life of approximately 3-4 years with an in-situ total mineral resource of 15,695 tonnes copper equivalent with a further 1.8M-3M tonnes exploration target. The Company is now working on confirming an enlarged exploration target of up to 5.8M tonnes.

 

The Company also owns the Manaila Polymetallic Mine in Romania, which was commissioned in 2015, currently on care and maintenance. The Company has been granted the Manaila Carlibaba Extended Exploitation License that will allow the Company to re-examine the exploitation of the mineral resources within the larger Manaila Carlibaba licence area.

 

In Zimbabwe, the Company is focused on the commencement of the joint venture mining agreement on the Community Diamond Concession, Chiadzwa, in the Marange Diamond Fields.

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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NRAGPUAWCUPGGQP
Date   Source Headline
7th Oct 20247:00 amGNWFunding Update
27th Sep 20247:00 amGNWHolding(s) in Company
24th Sep 20247:00 amGNWFinancing Update – Important clarification
23rd Sep 20247:00 amGNWFinancing Update
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17th Jul 202410:04 amRNSHolding(s) in Company
15th Jul 20247:00 amRNSPlacing to Raise £600,000, Issue of Equity & TVR
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11th Jun 20247:00 amGNWTajikistan – Aprelevka Update
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22nd May 202412:00 pmRNSHolding(s) in Company
20th May 20247:00 amGNWHolding(s) in Company
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29th Apr 20247:00 amGNWUpdate on Funding and on Repayment of Asset Based Debt Facility & General Corporate Update
2nd Apr 202412:23 pmRNSHolding(s) in Company
13th Mar 20247:00 amGNWNew Copper Offtake Secured with Trafigura for Baita Plai
29th Feb 202412:32 pmGNWMiscellaneous
20th Feb 20247:00 amGNWHoldings in Company
14th Feb 20247:00 amRNSNotice of GM
7th Feb 20247:00 amRNSBaita Plai Q4 2023 Production Report
31st Jan 20247:00 amGNWInterim Results: 1 May 2023 – 31 October 2023
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25th Jan 20242:00 pmGNWHolding(s) in Company
23rd Jan 20247:00 amGNWPlacing to raise £1,255,625
22nd Jan 20247:00 amGNWPlatinum Group Metals (PGM) Agreement
16th Jan 202410:05 amRNSCompletion of transaction regarding Aprelevka
15th Jan 20241:30 pmGNWUpdate on Debt Funding
7th Dec 202312:30 pmGNWMOU regarding Aprelevka Gold Mines
4th Dec 202312:00 pmGNWUpdate on Debt Funding
29th Nov 20233:30 pmGNWResults of AGM
28th Nov 20233:00 pmGNWDeath of Director
13th Nov 20238:00 amRNSHolding(s) in Company
6th Nov 202311:00 amGNWNotice of AGM
6th Nov 20237:00 amGNWUpdate on Debt Funding
31st Oct 20237:00 amGNWBaita Plai Q3 2023 Production Report
31st Oct 20237:00 amGNWFinal Results
23rd Oct 20233:47 pmRNSHolding(s) in Company
19th Oct 20237:00 amRNSTajikistan Update
6th Oct 20237:00 amGNWPlacing to raise £1,819,350 and Company Update
4th Oct 20237:00 amGNWUpdate on Debt Funding
3rd Oct 20236:05 pmGNWHolding(s) in Company
2nd Oct 20237:00 amGNWUpdate on Debt Funding
28th Sep 202312:37 pmGNWBaita Plai Update
22nd Sep 20237:00 amGNWBaita Plai Update
18th Sep 20237:00 amGNWCompany Update

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