Vast Resources announces cold commissioning of Baita Plai
An initial trial production run is due to start soon, Vast Resources said
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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An initial trial production run is due to start soon, Vast Resources said
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Consultancy partner Botswana Diamonds will now have a 2.5% stake
Fletcher has 25 years’ experience working in the commodity and financial services industries
"The bonds provide the required capital to enable the company to bring its two core assets, Baita Plai in Romania and the diamond concession in Zimbabwe, into production."
The mining group owns diamond, copper, silver, and lead assets in Zimbabwe and Romania
“The company is now in the healthiest position it has ever been in,” its chief executive said
Vast has begun preparations so that the Baita Plai polymetallic mine in Romania can be commissioned within three months of the drawdown of finance
Zimbabwe's alluvial diamond fields have already yielded significant riches
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Vast will now work directly with the state-owned diamond company ZCDC
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