Appointment of New General Manager at Baita Plai

RNS Number : 5352M

Vast Resources PLC

22 January 2021

 

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining

22 January 2021

Vast Resources plc
('Vast' or the 'Company')  

Appointment of New General Manager at Baita Plai

Vast Resources plc, the AIM-listed mining company, is pleased to announce the appointment of Marcus Brewster as the new General Manager of its Baita Plai Polymetallic Mine ("Baita Plai" or the "Mine") in Romania, where the Company is pleased to report that production and sales of concentrate continue in line with expectations.

Marcus's  full time role, starting on 1 March 2021, will include leading the development of Baita Plai to its full potential, whilst maintaining the highest standard of safety and environmental compliance. Marcus will provide mentoring and training to further develop personnel as the Company looks to adopt international operating best practice where possible.

Marcus is a senior mining professional with 24 years of open pit and underground experience and has demonstrable expertise in delineating and progressing development programmes, successful mine turnaround projects and managing challenging mining operations in South America, Africa as well as Eastern Europe. Marcus previously held senior operational management positions at various international mining companies such as Hummingbird Resources PLC, Endeavour Mining Corporation, Nordgold & Gold Fields Limited. 

Marcus holds an MSc in Mine Engineering & MSc in Mine Geology from the Camborne School of Mines and a BSc in Geology and Environmental Geography from Brunel University London as well as a Certificate in Project Management from Lancaster University.

Andrew Prelea, Chief Executive Officer of Vast Resources PLC, Commented:

"We are delighted to welcome Marcus Brewster to the team as we continue to make demonstrable progress in the ramp up to achieve peak production at Baita Plai in 2021 as well as continue to further confirm the Mine's enlarged exploration target of up to 5.8M tonnes."

**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 - CCO	www.vastplc.com [phone]
Beaumont Cornish - Financial & Nominated Adviser  Roland Cornish  James Biddle	www.beaumontcornish.com [phone]
SP Angel Corporate Finance LLP - Joint Broker Richard Morrison Caroline Rowe	www.spangel.co.uk  [phone]
Axis Capital Markets Limited - Joint Broker Richard Hutchison	www.axcap247.com  [phone]
St Brides Partners Limited Susie Geliher Beth Melluish	www.stbridespartners.co.uk  [phone]

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 Romania and Zimbabwe.

In Romania, the Company is focused on the rapid advancement of high-quality projects by recommencing production at previously producing mines.

The Company's Romanian portfolio includes 100% 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 Romania, which was commissioned in 2015, currently on care and maintenance. The Company has been granted the Manaila Carlibaba Extended Exploitation License that will allow the Company to re-examine the exploitation of the mineral resources within the larger Manaila Carlibaba licence area.

In Zimbabwe, the Company is focused on the commencement of the joint venture mining agreement on the Community Diamond Concession, Chiadzwa, in the Marange Diamond Fields.

 

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