Vast Resources to start new bridge installation at Baita Plai today

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Vast Resources PLC (LON:VAST) has told investors that work to install a new steel bridge at the Baita Plai mine site in Romania is to start today.

The group announced earlier this month that operations at Baita Plai had paused temporarily due to safety concern over a railway bridge between the mine and the flotation plant.

READ: Vast Resources raises GBP1.68mln

The brief hiatus was expected to delay first concentrate sales by three to four weeks.

Vast recently raised GBP1.68mln of new capital via a share placing, with some of the new funds earmarked to support the company as it resolved the transport infrastructure problem.

As the new bridge installation takes place the company said it will provide footage of the process via social media.

The funds raised this month will also support the advancement of some development work and construction costs, respectively helping Vast access higher-grade ore and progress a second production line to maintain the schedule.

Additionally, it will cover due diligence and legal costs associated with its debt financing process.

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