Company
LON:VAST
Vast Resources plc is an AIM-quoted mining and exploration company dedicated to the discovery, development, and production of precious and base metals. The company has a long-standing presence on the ground in both Romania and in Zimbabwe.
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Vast achieved a 20% increase in overall ore production at Baita Plai during Q3 FY22 compared with Q2 FY22 and more importantly, the analysts said, a 15% rise in copper concentrate produced during the same period
The AIM-listed mining company said September 2022 was the most successful month of underground production at Baita Plai with the mine producing 7,900 tons of ore, accounting for 50% of underground production in Q3 2022
Vast will receive participation equivalent to a 12.25% royalty over all sales of non-ferrous concentrate
Vast has a broad portfolio of operations in Romania and in Zimbabwe
Vast already has a track record of base metals production in Romania
An official opening ceremony for the processing plant will be held on August 15
Vast is building up a track record of production in Romania
"I am confident that our activities in Tajikistan will prove to be very rewarding for the company," said chief executive Andrew Prelea
Vast is beginning to build a track record of production in Romania
Vast is beginning to build up a significant operational track record in Romania
Its first Mantis CMR4 production drilling rig successfully completed underground drill testing
The agreement is a separate and additional project to the Takob joint venture project announced by Vast on May 3
Vast requested the delisting of the Atlas-related bonds from The International Stock Exchange
“We are encouraged by the ongoing mining and development work over the past few month," Shore Capital said.
"The successful repayment of Atlas marks a definitive turning point for the company that the board believes should restore fair value in our share price,” said chief executive Andrew Prelea
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A look at some of the major movers in London on Monday
Archive
A look at some of the major movers in London this week
Vast will receive a 12.25% royalty on all sales of non-ferrous concentrate
External technical consultants have highlighted the potential for molybdenum (Mo) production
“The developments at Baita over the past three months have been very encouraging,” said chief executive Andrew Prelea
