Last checked at 11 May 2020 07:00
Baita Plai Update
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
11 May 2020
Vast Resources plc(“Vast” or the “Company”)
Baita Plai Update
Vast Resources plc, the UK AIM listed mining company, is pleased to update the market on progress at its Baita Plai Polymetallic Mine “Baita Plai” in Romania.
The Company is pleased to announce the hire of Adrian Badita as General Manager at Baita Plai, reporting to Craig Harvey, the Company’s Chief Operating Officer. Adrian will be responsible for the overall management of Baita Plai including but not limited to ensuring the safety and health of all the team at the mine as well as implement and monitor the Company’s development plan to ensure Baita Plai develops into an efficient and profitable producing mining operation. Adrian will commence his role on Monday 18th May 2020.
Adrian, an Australian & Romanian national, is a qualified Competent Person under the JORC Mineral Resource and Ore Reserve code. He has over 20 years’ mining experience including progressive supervisory experience in all phases of the mining industry. He has solid production experience including drill & blast, haulage, waste management, risk management strategy and environmental site rehabilitation. Adrian has supervised several large-scale operations including a $1.5BN operation producing 100 million t/year.
Following the previous announcement on 5th May 2020 regarding the arrival of equipment at Baita Plai, the Company has now also released footage of both containers, from the first shipment, being unloaded at Baita Plai on social media.
**ENDS**
For further information, visit www.vastplc.com or please contact:
| Vast Resources plc Andrew Prelea (Chief Executive Officer)Andrew Hall | www.vastplc.com +44 (0) 20 7846 0974 |
| Beaumont Cornish - Financial & Nominated Adviser Roland Cornish James Biddle | www.beaumontcornish.com +44 (0) 20 7628 3396 |
| SP Angel Corporate Finance LLP – Joint Broker Richard Morrison Caroline 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 |
| Blytheweigh Tim Blythe Megan Ray | www.blytheweigh.com +44 (0) 20 7138 3204 |
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (“MAR”).
ABOUT VAST RESOURCES PLC
Vast Resources plc, is a United Kingdom AIM listed mining company with mines and projects in Romania and Zimbabwe - focused on the rapid advancement of high quality projects by recommencing production at previously producing mines in Romania and the commencement of the joint venture mining agreement on the Chiadzwa Community Concession Block of the Chiadzwa Diamond Fields in Zimbabwe.
The Company’s portfolio includes an 80% interest in the Baita Plai Polymetallic Mine in Romania, where work is now currently underway towards developing and recommissioning the mine and the Community Concession Block in Chiadzwa, Zimbabwe.
Vast Resources owns the Manaila Polymetallic Mine in Romania, which was commissioned in 2015, currently on care and maintenance.