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General mining & base metals

Vast Resources eyes start of production at Baita Plai polymetallic mine

The latest equipment delivery, received over the weekend, means Vast has all essential equipment need to bring the mine into production

Vast Resources PLC (LON:VAST) has updated on the Baita Plai polymetallic mine, in Romania, where progress is being made as incoming equipment deliveries continue.

The company, in a statement, noted that the second shipment of equipment arrived at the mine this weekend.

It included forty-two one cubic metre underground wagons and railway cutting & bending equipment.

READ: Vast raises funds to accelerate new drilling at Baita Plai

Vast said the latest arrival means it now has all essential equipment to achieve first production from the mine.

Further shipments of equipment are scheduled through June and July. On June 1, the company said, it anticipates it will receive a shipment including an underground rock loader and mining jackhammers.

Two separate shipments in July are due to deliver the remaining underground loaders, pneumatic loaders, ceramic filters, hydro cyclones, and slurry pumps.

Earlier this month, Vast raised £900,000 via a placing and subscription of just under 61mln shares at a price of 0.15p each.

The money is earmarked for the acceleration and expansion of drilling and metallurgical test work, following successful metallurgical results from the Baita Plai in recent weeks.

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