Information  X 
Enter a valid email address

Vast Resources PLC (VAST)


Thursday 08 April, 2021

Vast Resources PLC

Appointment of Underground Mine Manager

RNS Number : 7470U
Vast Resources PLC
08 April 2021

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining


8 April 2021


Vast Resources plc
('Vast' or the 'Company')  


Appointment of Underground Mine Manager


Vast Resources plc, the AIM-listed mining company, is pleased to announce the appointment of Rubén Fernández as Underground Mine Manager at its Baita Plai Polymetallic Mine ("Baita Plai" or the "Mine") in Romania.


Rubén, who starts his role today, is a highly experienced mining professional who has specialised in supervising underground mining operations for over ten years.  In his role as Underground Mine Manager, Rubén will be a key component of the new full-time expert management team on site at Baita Plai as the new upgraded mine plan is implemented and successfully executed over the course of 2021.


Rubén has worked for numerous mining companies during his career including majors such as Lundin Gold, Fresnillo and Tahoe Resources, and across numerous jurisdictions including Europe and Central and South America.  Most recently, Rubén led the underground mine construction and ramp up phases at Lundin Gold's Fruta del Norte Mine in Ecuador, a 3,800 tonne per day underground gold mine with estimated annual gold production of 350,000 ounces.  In leading this project, Rubén delivered mine construction and first stage ramp-up to 2,200 tonnes per day on time and on budget, training the underground workforce to a high level and completing this without a Lost Time Injury (LTI).


Rubén holds an MSc Mining Engineering from Madrid School of Mines (Universidad Polytechnic de Madrid), a Masters degree in Project Management from EAE Business School and is a registered Spanish Professional Mining Engineer. 


Andrew Prelea, Chief Executive Officer of Vast Resources PLC, commented:


"Rubén has a proven track record of overseeing and implementing ramp up phases at numerous underground mines and this experience will be invaluable as we realise the upgraded mine plan that we presented to shareholders at the end of March. 


"Importantly, Rubén brings with him the requisite skills and technical expertise to implement the increased mechanisation required for the new mine plan.  These skills and technical profiency are now vital to the successful ramp up of the mine as we move away from a single LHD in the main decline to a more mechanised method of mining.  Rubén's extensive experience in several world-class mining operations makes him ideally qualified for this role and I look forward to working with him and our colleagues on the Baita Plai management team as we deliver our stated objectives with the new mine development plan."




For further information, visit , follow the Company on Twitter @vast_resources and LinkedIn, or please contact:


Vast Resources plc
Andrew Prelea - CEO

Andrew Hall - CCO
+44 (0) 20 7846 0974

Beaumont Cornish - Financial & Nominated Adviser 
Roland Cornish 
James Biddle
+44 (0) 020 7628 3396

SP Angel Corporate Finance LLP - Joint Broker
Richard Morrison
Caroline Rowe
 +44 (0) 20 3470 0470

Axis Capital Markets Limited - Joint Broker
Richard Hutchison
 +44 (0) 20 3206 0320

St Brides Partners Limited
Susie Geliher 
+44 (0) 20 7236 1177




Vast Resources plc is a United Kingdom AIM listed mining company with mines and projects in Romania and Zimbabwe.


In Romania, the Company is focused on the rapid advancement of high-quality projects by recommencing production at previously producing mines.


The Company's Romanian portfolio includes 100% interest in the producing Baita Plai Polymetallic Mine, located in the Apuseni Mountains, Transylvania, an area which hosts Romania's largest polymetallic mines. The mine has a JORC compliant Reserve & Resource Report which underpins the initial mine production life of approximately 3-4 years with an in-situ total mineral resource of 15,695 tonnes copper equivalent with a further 1.8M-3M tonnes exploration target. The Company is now working on confirming an enlarged exploration target of up to 5.8M tonnes.


The Company also owns the Manaila Polymetallic Mine in Romania, which was commissioned in 2015, currently on care and maintenance. The Company has been granted the Manaila Carlibaba Extended Exploitation License that will allow the Company to re-examine the exploitation of the mineral resources within the larger Manaila Carlibaba licence area.


In Zimbabwe, the Company is focused on the commencement of the joint venture mining agreement on the Community Diamond Concession, Chiadzwa, in the Marange Diamond Fields.



This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

a d v e r t i s e m e n t