Vast Resources progress in Romania is encouraging, according to Shore Cap

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External technical consultants have highlighted the potential for molybdenum (Mo) production

Vast Resources’ acquisition of two giant rigs at Baita Plai in Romania is expected to drive increased volumes and higher-grade ore to the processing plant, according to in-house broker Shore Capital.

External technical consultants highlighted the potential for molybdenum (Mo) production using a small flotation circuit that could produce between 1t and 5t of a 50% Mo concentrate per month.

Management expects the Mo circuit to be completed in the second quarter of 2022 and will add an additional revenue stream for the Baita Plai polymetallic mine.

“We are pleased with the increased volumes and ore grades following the delivery of the jumbo drills in April,” Shore said.

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