MANAGEMENT

Vast Resources may reopen Manaila once funding is secured

Manaila has been on care and maintenance since mid-December 2018.

Manaila may come out of C&M with new technology

Manaila may come out of C&M with new technology

Vast Resources may be able to recommence production at the Manaila Carlibaba polymetallic mine in Romania with the introduction of new technology.

The company has recently tested Tomra's X-Ray Sorting Technology (XRT) on its pre-concentrate ore at the mine's pit. Vast Resources found the technology reduced transportation costs by 55% by minimising the amount of ore to be brought to the processing plant, while also reducing processing costs by minimising unnecessary feed.

The drop in transportation costs would have a substantial impact on the mine's financial performance, Vast Resources said.

Manaila has been on care and maintenance since mid-December 2018.

The mine contains a measured and indicated resource of 3.6 Mt grading 0.93% copper, 0.29% lead, 0.63% zinc, 0.23 g/t gold and 24.9 g/t silver.

 

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