Vast Resources PLC (LON:VAST) has agreed on terms with Baita SA, the holder of the head licence at the Baita Plai mine, and now has the right to commence mining.
“The commercial Association Contract has now been executed and the agreed amount of money settled,” said Andrew Prelea, Vast’s chief executive.
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“We will now deploy the start-up team to Baita Plai to commence the implementation of the re-start programme. We intend to publish the start-up works programme in order for shareholders to keep track of the re-start schedule over the coming days, and provide regular updates over the course of the next six months as we target initial production from Baita Plai in the second half of 2019.”