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Vast Resources expects further equipment to depart China next week

Equipment for the Baita Plai polymetallic mine is in the process of being mobilised from China.

Vast Resources PLC - Vast Resources expects further equipment to depart China next week

Vast Resources PLC (LON:VAST) told investors that additional shipments of equipment are set to depart from Yangshan port Shanghai.

It comes after Vast earlier this week revealed that a ship - containing equipment for use at the company’s Baita Plai polymetallic mine - had left port in China bound for Romania.

Today, it said a further 3 containers of equipment are packed and ready to be loaded on to a vessel which is slated to depart on 25 March.

More shipments are expected to be loaded next week and early April.

At the start of the week, Vast told investors that it had spent the weekend responding to the declaration of a state of emergency in Romania.

Romania’s state of emergency began on 16 March, following an address to the nation from President Iohannis in regard to the threat of coronavirus.

The company it was putting in place all necessary precautions to adhere to the government guidelines whilst ensuring it maintains the implementation programme to bring Baita Plai into production with minimal disruption.

Quick facts: Vast Resources PLC

Price: 0.1575 GBX

Market: AIM
Market Cap: £16.84 m

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