Vast Resources plc Baita Plai Project Update
05 Maggio 2020 - 8:00AM
UK Regulatory
TIDMVAST
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
5 May 2020
Vast Resources plc
("Vast" or the "Company")
Baita Plai Project update
Vast Resources plc, the AIM-listed mining company, is pleased to update
the market on progress at its Baita Plai Polymetallic Mine "Baita Plai"
in Romania.
Following the previous announcement regarding shipping updates made on
27(th) April 2020, the Company can confirm that the first shipment of
equipment, which includes the longest installation lead time items
consisting of railway tracks and locomotives, is currently being
unloaded from trucks at Baita Plai after clearing Romanian customs last
week. The shipping schedules of the remaining containers of equipment
remain on track.
The Company will post photographs and videos of the equipment being
unloaded during the course of the day on its social media pages and
website.
Drilling continues with positive results at the mine as well as the
Metallurgical test work being undertaken by Grinding Solutions UK with
the initial results showing grade and recovery being consistent with
historical data and in line with the Company's internal forecasts.
The Company will keep the market informed on the remaining shipments and
on further geological results.
Qualified Person
The information in this announcement that relates to the drilling
operation is based on information compiled by Mr Craig Harvey, the Chief
Operating Officer for Vast and a full-time employee and Director of the
Company. Mr Harvey is a Competent Person who is a Member of the
Australian Institute of Geoscientists and of the Geological Society of
South Africa, a Recognised Professional Organisation included in a list
that is posted on the ASX website from time to time.
Mr Harvey has sufficient experience that is relevant to the style of
mineralisation and type of deposit under consideration and to the
activity being undertaken to qualify as a Competent Person as defined in
the 2012 Edition of the 'Australasian Code for Reporting of Exploration
Results, Mineral Resources and Ore Reserves'. Mr Harvey consents to the
inclusion in the report of the matters based on his information in the
form and context in which it appears.
**ENDS**
For further information, visit www.vastplc.com or please contact:
Vast Resources plc www.vastplc.com
Andrew Prelea (Chief Executive +44 (0)_20 7846 0974
Officer)
Andrew Hall
Beaumont Cornish - Financial & www.beaumontcornish.com
Nominated Adviser +44 (0) 20 7628 3396
Roland Cornish
James Biddle
SP Angel Corporate Finance LLP www.spangel.co.uk
-- Joint Broker +44 (0) 20 3470 0470
Richard Morrison
Caroline Rowe
Axis Capital Markets Limited -- www.axcap247.com
Joint Broker +44 (0) 20 3206 0320
Richard Hutchison
Blytheweigh www.blytheweigh.com
Tim Blythe +44 (0) 20 7138 3204
Megan Ray
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 an AIM listed mining company with mines in
Romania and Zimbabwe focused on the rapid advancement of high quality
brownfield projects by recommencing production at previously producing
mines in Romania and 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.
Attachment
-- Baita Plai Project update 05.05.2020
https://ml-eu.globenewswire.com/Resource/Download/63533988-2a68-4ca6-ac5a-336951f0bc3c
(END) Dow Jones Newswires
May 05, 2020 02:00 ET (06:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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