---
title: "Vast Resources plc (AIM:VAST) Baita Plai Q2 Production Report"
publisher: "Share Talk"
author: "sharetalk"
published: "2023-08-02T07:14:33+00:00"
modified: "2023-08-02T07:14:33+00:00"
date: 2023-08-02
canonical: "https://www.share-talk.com/vast-resources-plc-aimvast-baita-plai-q2-production-report/"
category: "Mining"
categories: ["Mining"]
tags: ["Andrew Prelea", "Baita Plai", "Botswana", "Botswana Diamonds", "Chiadzwa", "Diamond Fields", "Gem Diamonds", "Mine", "Paul Fletcher", "Polymetallic", "Polymetallic Mine", "Romania", "Share Talk", "Tajikistan", "Vast", "Vast Resources", "Zimbabwe"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2022/03/st-holder.jpg?fit=1536%2C1024&quality=89&ssl=1"
format: "news"
language: "en-GB"
---

# Vast Resources plc (AIM:VAST) Baita Plai Q2 Production Report

**Published:** August 2, 2023
**Author:** sharetalk
**Categories:** Mining
**Tags:** Andrew Prelea, Baita Plai, Botswana, Botswana Diamonds, Chiadzwa, Diamond Fields, Gem Diamonds, Mine, Paul Fletcher, Polymetallic, Polymetallic Mine, Romania, Share Talk, Tajikistan, Vast, Vast Resources, Zimbabwe
**Featured image:** ![Stockmarket News](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2022/03/st-holder.jpg?fit=1536%2C1024&quality=89&ssl=1)

---

**Vast Resources plc,** the AIM-listed mining company, is pleased to announce the Q2 production report at its Baita Plai Polymetallic Mine (‘Baita Plai’) in Romania.

**Bai****t****a Plai Production****:**

As announced on 7 July 2023 the Company achieved operational breakeven at Baita Plai in June 2023. The increase in production in June was due to the opening of sub level 5 which allows mining on multiple fronts. In Q2 2023, 514 WMT of concentrate was produced with a content of 21% copper. 55% of this production took place in June as a result of preparations made in April & May to access the new mining area in sub level 5 as well as drilling activity required for the exploration programme. June concentrate production was also marked by an increase in copper grade up to 22% Cu concentrate.

Reflecting on June’s performance compared to previous quarters, June 2023 also represented 52% of the entire Q1 2023 WMT concentrate production level showing a clear and marked increase for this month over previous periods.

Below are the production results for Q2 2023 with a comparison to Q1 2023. The reduction in concentrates sold is due to timing differences.

|   |   |   |   |   |   |   |   |
| --- | --- | --- | --- | --- | --- | --- | --- |
| **Quarterly Report** | **Tons Mined** | **Conc**** Produced** | **Conc**** Produced** | **Conc**** Sold** | **Conc**** Sold** | **Avg.** **Conc**** Grade** | **Cu ****C****onc**** Inventory at end of Quarter** |
|  |  | **WMT** | **DMT** | **WMT** | **DMT** |  | **DMT**** ** |
| **Q1 2023** | **20,72** | **539** | **475** | **516** | **459** | **23%** | **241** |
| April | 5,900 | 110 | 101 |  |  | 17.6% | **342** |
| May | 7,272 | 122 | 112 | 166 | 149 | 20.0% | **305** |
| June | 10,200 | 282 | 255 | 183 | 167 | 22.0% | **393** |
| **Q2 ****T****otal** | **23****,****372** | **514** | **468** | **349** | **316** | **21.0%** | **393** |

**Baita ****Plai ****Drilling:**

As announced on 17 July 2023 the Company has received initial positive results from Phase 1 of an extensive exploration programme which has confirmed the potential to extend the mining area and establish a revised JORC compliant Mineral Resource and in due course an Ore Reserve for its licence renewal in August 2024.

**Andrew Prelea, Chief Executive Officer at Vast Resources PLC, commented:**

*“**Achieving operational breakeven is a great result for us and the team and Baita Plai, and we are **pleased to see** June’s performance **as we continue **our production ramp up **plans**.* *Our production goals are linked closely with our exploration activities, and the positive Phase 1 results reported post period end give the team further confidence in our ability to establish Baita Plai as a profitable long-life mine**.**”*

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