Vast Resources hires manager for Baita Plai mine
Adrian Badita starts as general manager at the mine on May 18
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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Adrian Badita starts as general manager at the mine on May 18
It was a fairly quiet week for London-listed small cap miners
Drilling and metallurgical work continue to deliver positive results
Vast Resources has a diverse portfolio of assets in Romania and Zimbabwe
Vast Resources has projects in Romania and Zimbabwe.
The miner also reconfirmed that equipment shipping from China remained on track and all equipment critical for the start of production at its Baita Plai project was now on the water
Vast Resources has gold and base metals assets in Zimbabwe and Romania
The company updated on the progress of its key projects.
Equipment for the Baita Plai polymetallic mine is in the process of being mobilised from China.
The shipment is anticipated to reach a Romanian port by 23 April, and, more shipments of equipment are expected later this week.
Vast Resources is operating in Romania and in Zimbabwe
Vast Resources has several years' worth of experience working in Rumania
It was a quieter week for company news in the junior mining sector
State-owned Zimbabwe Consolidated Diamond Company (ZDC) will work with Katanga Mining - a joint venture between Vast and the Chiadzwa Community Development Trust – to develop the diamond deposit.
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A glance at some of the day's highlights from the Proactive Investors newswire
Chief executive Andrew Prelea said reaching this point "gives the company a clear path to production at the Baita Plai polymetallic mine"
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For the six months to 31 October, the mining firm reported a loss after tax of US$3.5mln, 36% less than a year ago
Aura Energy* (LON:AURA) – New shares in respect of a Lind convertible facility Rambler Metals & Mining* (LON:RMM) – Convertible loan note update Vast Resources* (LON:VAST) – Start of drilling at Baita Plai
The aim is to prove up and confirm a JORC-compliant resource statement
In October, Vast said that the first tranche of payments would comprise some US$7.1mln of bonds