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17/07/2024
Mining NewsUncategorized

Off-take deal a 'significant step forward' towards mine commercialisation for Vast Resources

 

Vast Resources PLC has signed a long-term off-take deal covering all concentrates from its Manaila mine in Romania.

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The deal was struck with the Swiss-based commodity-trader Transamine Trading SA.

Chief executive Roy Pitchford told Proactive the objective is to produce a concentrate around 20% copper and very low in Zinc and at the moment they’re targeting 300-350 tonnes of copper concentrate per month.

‘’What we have now achieved is the first phase of our improvement. We are producing a good quality copper concentrate at reasonable tonnages which we’ll now look to push up while maintaining the copper grade’’, Pitchford said.

The plan now is to create a zinc production stream as well.
source: proactiveinvestors.co.uk

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