Vast Resources (GB:VAST) has released an update.
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Vast Resources plc has announced the signing of two association agreements to process and market products from the former Hanes gold mine in Romania, with the aim of generating near-term cash flow and contributing to an ecological project for cleaning up mining areas. The first agreement will utilize Vast’s existing facilities to process over 1.5 million tonnes of ore, while the second deals with the marketing of 500 tonnes of high-grade gold concentrate. These ventures are expected to operate under a framework that will provide the company with a 20% effective royalty, fostering both financial growth and environmental rehabilitation.
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