U Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
13 November 2020
Vast Resources plc
(‘Vast’ or the ‘Company’)
Update on first sale of concentrate at Baita Plai
Vast Resources plc, the AIM-listed producer & development company, is pleased to update the market on progress at its Baita Plai Polymetallic Mine (‘Baita Plai’) in
Following the previous announcements made on 22 & 26 October 2020 regarding the first sale of concentrate to Mercuria, the Company can confirm that it has copper concentrate prepared and ready for the first commercial delivery to the Port of Constanta in
The Company continues to produce both ore and concentrate and maintains its Q4 2020 production and cashflow forecasts announced on 7 September 2020.
**ENDS**
For further information, visit www.vastplc.com, follow the Company on Twitter @vast_resources and LinkedIn, or please contact:
Vast Resources plc Andrew Prelea - CEO Andrew Hall | www.vastplc.com +44 (0) 20 7846 0974 |
Beaumont Cornish - Financial & Nominated Adviser Roland Cornish James Biddle | www.beaumontcornish.com +44 (0) 020 7628 3396 |
SP Angel Corporate Finance LLP – Joint Broker Richard Morrison Caroline Rowe | www.spangel.co.uk +44 (0) 20 3470 0470 |
Axis Capital Markets Limited – Joint Broker Richard Hutchison | www.axcap247.com +44 (0) 20 3206 0320 |
St Brides Partners Limited Susie Geliher Charlotte Page | www.stbridespartners.co.uk +44 (0) 20 7236 1177 |
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (“MAR”).
ABOUT VAST RESOURCES PLC
Vast Resources plc is a United Kingdom AIM listed mining company with mines and projects in
In
The Company’s Romanian portfolio includes an 80% interest in the producing Baita Plai Polymetallic Mine, located in the Apuseni Mountains, Transylvania, an area which hosts Romania’s largest polymetallic mines. The mine has a JORC compliant Reserve & Resource Report which underpins the initial mine production life of approximately 3-4 years with an in-situ total mineral resource of 15,695 tonnes copper equivalent with a further 1.8M–3M tonnes exploration target. The Company is now working on confirming an enlarged exploration target of up to 5.8M tonnes.
The Company also owns the Manaila Polymetallic Mine in
In