Mining company Vast Resources PLC (LON:VAST) has completed import paperwork related to its Magura Neagra & Piciorul Zimbrului prospecting licences in northern Romania.
The prospecting permit’s associated final reports were submitted on schedule to ANRM, Romania’s National Agency for Mineral Resources, on 25 February.
READ: Vast announces new general meeting to address funding issues
Vast said core samples are currently being submitted for testing and the final drilling results should be available within six weeks.
Upon final assay analysis being received and subject to results, the company will apply for an exploration licence for the Magura Neagra and Piciorul Zimbrului prospects, in which Vast has a minimum 90% interest. Once granted, Vast intends to finalise a joint venture agreement with a strategic partner.
Andrew Prelea outlines details of the General Meeting to be held on 11 March and gives an update on the Heritage Concession of the Marange #Diamond Fields https://t.co/J6G4ICH3eM #VAST
— Vast Resources (@vast_resources) February 25, 2019