IN BRIEF: Vast Resources upbeat though Romania sites remain suspended
Vast Resources PLC - London-based miner in Romania, Tajikistan and Zimbabwe - Updates on operating sites in Romania. Says initial public and private tenders of the diamond parcels are planned to begin this month and continue through October. Continues to work with specialist consultants to further develop new cleaning and sorting processes specific to eluvial stones, which it says require several layers of cleaning and preparation to maximise their value at tender. This five-stage cleaning process has greatly improved the value of the parcels, adds. However, "in opting to follow this route to sale...the cost of achieving materially improved financial recoveries requires additional time to process the stones thoroughly". Read More