Vast Resources gets cash injection
Vast has achieved funding achieved without diluting shareholders
Company
Vast Resources PLC
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 Resources to expand zinc and copper production at Manaila
A flotation line introduced in September is now consistently producing a concentrate in excess of 30% zinc.
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Vast Resources moves into the black
The bulk of Vast's management time is spent on its Romanian interests
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Manaila, in Romania, now also has a zinc concentrate line in addition to copper concentrate.
Vast Resources not to use drawdown facility
New alternatives to raise the money are now being sought it said.
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Vast Resources looking to monetise Faneata tailings as it starts drilling
Previous sampling suggests the tailings contain economic minerals, including 4,080 tonnes of copper, 6,640 tonnes of zinc, 3,100 tonnes of lead, 35 tonnes of silver and 309kg of gold.
Vast Resources has new chairman until AGM
It comes after the firm said current chairman William Battershill will be retiring as director at the AGM by rotation.