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Vast Resources starts zinc concentrate production in Romania

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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.

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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

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