Last checked at 25 May 2021 07:00
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
25 May 2021
Vast Resources plc
("Vast" or the "Company")
Baita Plai Video Footage: End to End Processing Chain
Vast Resources plc, the AIM-listed mining company, is pleased to announce the publication of new video footage taken at the Baita Plai Polymetallic Mine in Romania which is available on the Company's YouTube channel at www.youtube.com/watch?v=anJN7VsNfhE and on other social media channels. The footage, recorded by Vast management during a recent trip by the senior executive team, highlights the end to end processing chain which continues to operate uninterrupted whilst Baita Plai ramps up in line with the mine upgrade plan announced in March 2021.
The video footage shows the assessment of the new development area to Level 19 followed by stockpiled ore and ore laiden wagons waiting to be taken to the processing plant. Filming inside the process plant shows the ore being crushed and milled and then directed through the copper and zinc flotation processes. The filter press produces fresh concentrate and this is prepared and stored ahead of collection from Vast's offtake partner.
The recent visit by the senior executive team has reinforced the Board's confidence in the successful execution of the new mine plan together with the effective deployment of the enlarged operational team. The operational team, focussed both underground and in the process plant, now includes a bolstered Romanian workforce spanning highly experienced mining and processing professionals and new entrants to the industry, working under the supervision and tutelage of the operational management team installed by the Company over the past three months.
The new mechanised mine plan, which requires no further funding for capex or opex, continues to progress encouragingly and the Board looks forward to providing further updates in due course.
**ENDS**
For further information, visit www.vastplc.com 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 |
Axis Capital Markets Limited - Broker Richard Hutchison
| www.axcap247.com +44 (0) 20 3206 0320 |
St Brides Partners LimitedSusie 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 Licence 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 final agreement of the joint venture mining agreement on the Community Diamond Concession, Chiadzwa, in the Marange Diamond Fields.