Andrew Prelea of Vast Resources: Funds allow further development of Baita Plai Mine
Andrew Prelea CEO of explains how today’s cash raised will be used for the further development of its operating Baita Plai Mine in Romania, specifically the development of the decline to access the higher-grade ore.
Following the positive ongoing drilling programme that commenced in 2023, the Company has incorporated new data into its mine plan including the acceleration of decline development which is expected to provide a significant reduction in both underground fuel consumption and underground transportation times, which will result in substantially increased productivity.
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