Vast Resources' acquisition of two jumbo rigs at Baita Plai in Romania should lead to increased volumes and higher-grade ore to the processing plant says house broker Shore Capital.
External technical consultants have highlighted the potential for molybdenum (Mo) production through a small flotation circuit that could allow for production between 1t and 5t of a 50% Mo concentrate per month.
Management expects the Mo circuit to be completed in Q2 2022 and will add an additional revenue stream for the polymetallic Baita Plai mine.
“We look forward to increased volumes and ore grades following delivery of the jumbo drill rigs in April,” said Shore.