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Vast Resources identifies potential to cut Manaila project operational costs

Vast Resources Plc said Oct. 4 that results from the first phase of drilling at the Carlibaba prospect at the Manaila polymetallic mine in Romania supports the development of a second open pit operation at the project.

The company has received results from the first 1,000 meters of a 2,200-meter program to test the suitability of Carlibaba as a second open pit within the license area. The discovered grades for copper, lead, zinc, gold and silver would support an additional pit with the construction of a metallurgical processing facility on site, thus reducing operating costs of the mine by up to 25%.

Vast took full control of Manaila in March.