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Vast Resources update on Baita Plai Polymetallic Mine

Vast Resources update on Baita Plai Polymetallic Mine

Vast resources PLC

Vast Resources plc, the AIM-listed mining company, is pleased to update the market on progress at its Baita Plai Polymetallic Mine “Baita Plai” in Romania.

Following the previous announcement made on 8 September 2020 regarding the new steel bridge installation process at Baita Plai, the Company can announce that activities are on schedule and the bridge is being installed today.

The Company will provide footage of this process via social media.

Vast Resources in Zimbabwe

Vast Resources plc is a former shareholder of Chegutu gold producer Pickstone Peerless. Vast is a United Kingdom AIM-listed mining company with mines and projects in Romania and Zimbabwe.  The Miner is currently awaiting approval to begin Diamond exploration and Mining in Zimbabwe. Zimbabwean authorities had promised to finalise the deal by March 2020 but have since remained mum and experts say government currently awaits Mines and Minerals bill to make any decisions. To date, the government is yet to approve 40 EPO’s and thousands of mining title applications which has lead to ASM mining without titles.

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Minister of Mines and Mining Development Winston Chitando had promised the bill was to be presented to the parliamentary committee by the 17th of September 2020 which has since passed. 

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