Vast completes 2nd Milling Circuit at Baita Plai Polymetallic Mine
Vast Resources plc, the AIM-listed mining company, is pleased to announce that the second milling circuit in the processing plant at the Baita Plai Polymetallic Mine (“Baita Plai”) has been completed six weeks ahead of schedule.
The second milling circuit further optimises the operations at Baita Plai and doubles the milling capacity at the plant. With two milling circuits fully functioning the two mills combined are capable of processing 14,000 tonnes per month.
Andrew Prelea, Chief Executive Officer of Vast Resources PLC, commented:
“Our mining volumes are steadily increasing, and are expected to increase dramatically with the implementation and ramp up of long hole stope mining commencing from next month. The commissioning of this second milling circuit – achieved six weeks ahead of schedule – will support increased concentrate production moving forward. Our operations at Baita Plai are ramping up encouragingly and I am confident that this will be reflected in our future production and sales reports.”
Vast Resources is popularly known for being a major shareholder in the Chegutu-based Pickstone Peerless gold mine. Vast Resources Plc agreed on the sale of its 25 per cent stake in the Pickstone Peerless gold mine in 2019. A contract of sale was agreed for its 50.1 per cent holding in Ronquil Enterprises at the time.
In September 2019, the Company announced it has signed a Joint Venture Agreement with Chiadzwa Mineral Resources (Pvt) Ltd (“CMR”), a company designated to represent the Chiadzwa Community interests in the Concession.
Despite a series of delays, Vast’s CEO Andrew Prelea has indicated that the company remains hopeful it will be granted licenses to mine the area.