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Vast Resources Plc
Summary
| Project: | Manaila Mine | |
|---|---|---|
| Deposit: | Manaila Mine | |
| Location: | Romania | |
| Commodities: | Copper-Lead-Zinc | |
| Date: | 9/27/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-9-2016: Vast Resources Plc announces a Resource Estimation report for its Manaila Mine deposit at the Manaila Mine project. Initial JORC-compliant resource for Manaila Mine + underground exploration target. Vast Resources plc, the AIM-listed mining com | |
| Resources: | 2.6Mt @ 1% Cu, 0.4% Pb, 0.9% Zn open pit, 0.31Mt @ 1.7% Cu, 0.4% Pb, 0.5% Zn underground | |
| CP/QP: | [Overall Report]: Craig Harvey (Internal) | |
| ABSTRACT: | Vast Resources plc, the AIM-listed mining company with operations in Romania and Zimbabwe, is pleased to announce the maiden JORC Compliant Mineral Resource Estimate for the producing Manaila Polymetallic Mine ("Manaila" or "MPM") in Romania. Roy Pitchford, Chief Executive Officer of Vast, commented: "Today's publication of the maiden JORC compliant Mineral Resource statement is another positive milestone at our Manaila Mine where the performance has improved significantly over the past four weeks, underpinned by the success of the metallurgical optimisation work completed during the June quarter. This work has delivered significant, consistent increases in MPM's plant yields and grades which will enable Vast to develop a sustainable and profitable mine at Manaila. This JORC Mineral Resource estimate at MPM will augment this work by providing an internationally recognised and accepted evaluation tool through which to improve grade control by utilising modern methods for mine planning and scheduling. The Mineral Resource statement further reinforces our confidence in the MPM operation as we look now to not only improving quarter on quarter results, but an operation with the long term potential to yield significant returns for our investors and stakeholders." | |
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