Vast Resources (AIM:VAST) said that the first shipment of equipment for the construction of its Baita Plai project has arrived in the port of Constanta in Romania from China.
The AIM-listed mining firm said the equipment, which includes railway tracks and locomotives, is currently being loaded onto trucks to transport to the site which is located around 500 miles from the Port of Constanta.
Vast said the shipping schedules of the remaining containers of equipment remain on track.
The company noted that the first two shipments contain the integral equipment required to commence production at Baita Plai.
Shares in Vast Resources were trading 3.03% higher at 0.17p on Monday morning.
Vast reconfirmed in mid-April that equipment from China remained on track and all equipment critical for the start of production at its Baita Plai project in Romania was ‘on the water.’
The group told investors that production at Baita Plai remained on track to begin within the existing six-month timeline to July 2020.
At the time, it added that a drilling programme at the site announced on March 10 was also progressing according to plan.
Vast intends to use a proportion of its previously announced £600,000 raise to purchase additional drilling equipment to make the process at the site more cost and time-efficient.
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