35.4 C
Supported byspot_img

Vast Resources starts zinc concentrate production in Romania

Member of Europium Groupspot_img
Supported byspot_img

Vast Resources PLC has started full-scale commercial zinc production at its Manaila polymetallic mine in Romania.

Adding zinc concentrate would directly enhance profitability through an increase in revenue and a reduction in costs per tonne, said Roy Pitchford, Vast’s chief executive.

Initial commissioning was in the first week of September, since when 50 tonnes of concentrate have been produced.

Supported by

The target now is 150 tonnes per month and Vast aims to increase the percentage of zinc in the concentrate to 35%.

Reprocessing of copper tailings to extract zinc has also started.

Vast recently published a first JORC-compliant resource at Manaila.

In the open pit section it has 2.6mln tonnes at 1% copper, 0.4% lead and 0.9% zinc at a 0.25% copper cut-off.

Underground there is an additional 310,000 tonnes at 1.7% copper, 0.4% lead and 0.5% zinc at a 1% copper cut-off.

Pitchford added Manaila was going from ‘strength-to-strength’.

“These recent operational achievements have transformed Manaila’s performance,” he added.

Vast added it had also appointed Brian Moritz, a veteran accountant and corporate finance specialist, as a non-executive director.

source: proactiveinvestors.co.uk

Supported byElevatePR Digital

Related News

The Philippines’ mining sector at the crossroads: Balancing critical minerals demand with environmental and indigenous rights

The demand for critical minerals like nickel, cobalt and rare earth elements has surged in recent years due to their indispensable role in modern...

Strategic initiatives: US Efforts in Africa’s critical minerals sector to balance Chinese influence

China's presence in Africa's mining sector has grown steadily, now accounting for approximately 8% of the continent's mining activities, up from 6.7% in 2018....

Saudi Arabia seeks mining collaboration with Morocco to strengthen economic ties

Saudi Arabia's Minister of Industry and Mineral Resources, Bandar Alkhorayef, emphasized the potential for leveraging Morocco’s mining expertise during a recent roundtable with investors...

Algeria emerges as China’s leading iron ore supplier in Africa

Algeria, Africa's largest country, is poised to transform into a major iron ore supplier for China, reducing Beijing's reliance on Australian imports crucial for...
Supported by
Supported by
Supported by
error: Content is protected !!