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Pin to quick picksVast Res Share News (VAST)

Share Price Information for Vast Res (VAST)

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Share Price: 0.31
Bid: 0.30
Ask: 0.32
Change: -0.03 (-8.82%)
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Open: 0.34
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TRADING UPDATES: Marula says Blesberg equipment arrives early

Fri, 08th Dec 2023 12:52

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Marula Mining PLC - Africa-focused mining and development company - Processing equipment at Blesberg lithium and tantalum mine arrives early. Equipment includes Rados SRF100-8 ore sorter, one of two sensor-based, XRF ore sorters that have been acquired for around GBP1.8 million. On Wednesday, Marula said it completed phase 1 and phase 2 diamond drilling programmes at the asset, both ahead of schedule. Chief Executive Jason Brewer says: "In just over 3.5 months we have completed our first major diamond drilling program, both ahead of schedule and below budget. Our geological and mining consultants team are now busy moving ahead with the analysis of the initial assay results, and mine design and mine planning work for the proposed commencement of hard rock open pit mining operations at Blesberg in the new year." On Tuesday, the firm named Martin Westerman as chief operating officer, bringing with him over 25 years of experience "across mining operations, corporate finance, accounting, taxation and financial reporting, and the commercial and business activities of mining projects across multiple commodities and throughout southern Africa". It is a non-board position. Tokkas van Heerden tendered his resignation as COO.

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Vast Resources PLC - mining and resource development company with interests in Romania, Tajikistan and Zimbabwe - Says due diligence period for Aprelevka gold mines deal extended to January 15. As part of deal, Bay Square Pacific Ltd, a partner of Vast, will acquire Gulf International Minerals Ltd. Gulf International has a 49% stake in Aprelevka, with government of Tajikistan holding remainder.

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Hydrogen Future Industries PLC - London-based developer of wind-based green hydrogen production system - Signs agreement with University of Bristol "to collaborate to advance respective technologies". The duo will look to secure research funding and "accelerate commercial opportunities". CEO Tim Blake says: "We are excited to be working with the University of Bristol to accelerate the development of HFI's system, especially the anion exchange membrane water electrolyser. The University of Bristol has a world-class team with world-class facilities and together we can accelerate the development of the cutting-edge technology. Our electrolyser has demonstrated exceptional efficiency in testing to date and the technology has been identified by UoB as a perfect fit for their hydrogen depleted uranium storage project. Having access to sites in the UK to develop and demonstrate the complete green hydrogen system, from generation to utilisation, is very important to both parties."

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Fintech Asia LtdAGM
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Vast Resources PLCGM equity securities allotment
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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7 Oct 2022 21:54

TRADING UPDATES: Vast Resources in offtake deal; Conroy posts assays

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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6 Oct 2022 12:34

Vast Resources signs Tajikistan offtake deal with Trafigura

(Sharecast News) - Vast Resources announced on Thursday that, following the successful opening of the Takob mine processing project at the Takob Mine in Tajikistan, it has signed an exclusive offtake contract with global commodity trader Trafigura for the sale of bulk concentrates produced from the project.

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26 Sep 2022 20:22

TRADING UPDATES: AltynGold, Rambler Metals & Mining revenue grows

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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15 Aug 2022 12:05

Vast Resources officially opens Tajikistan joint venture project

(Sharecast News) - Vast Resources officially opened the joint venture project at the Takob Mine in Tajikistan with its partner company Takob on Monday.

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15 Aug 2022 12:05

Vast Resources officially opens Tajikistan joint venture project

(Sharecast News) - Vast Resources officially opened the joint venture project at the Takob Mine in Tajikistan with its partner company Takob on Monday.

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1 Aug 2022 13:14

Vast Resources to begin molybdenum concentrate production

(Sharecast News) - Production and development company Vast Resources announced on Monday that it will start molybdenum concentrate production in August at its Baita Plai Polymetallic Mine in Romania.

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1 Aug 2022 11:14

AIM WINNERS & LOSERS: Wishbone drill results impress; DeepVerge pact

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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27 Jul 2022 06:53

IN BRIEF: Vast Resources expects big output rise at Baita Plai mine

Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - Gets mixed results from Baita Plai polymetallic mine in Romania in the second quarter of 2022 but expects this to improve. Produces 268 dry metric tonnes of copper concentrate, up 17% from 229 a year ago. Sells 183 dry metric tonnes of the material, down 22% from 234. Mills 11,292 metric tonnes of ore, 6% less than 12,103 a year ago.

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1 Jul 2022 06:59

IN BRIEF: Vast Resources's Takob almost refurbished; to process ore

Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - On June 30 announces its Takob plant in Tajikistan is in the final stages of refurbishment. Says equipment for the plant is expected to arrive on site in the first quarter of 2022. Anticipates royalty equivalent revenues. The processing of two months worth of stockpiled ore will start in July, firm adds.

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27 Jun 2022 21:15

TRADING UPDATES: 88 signs license agreement; Lekoil litigates

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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25 May 2022 09:10

Vast Resources reaches settlement with Atlas; in Tajikistan deal

(Alliance News) - Vast Resources PLC on Tuesday said it reached an agreement with Atlas Special Opportunities LLC regarding its bond conversion notice.

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19 May 2022 09:12

IN BRIEF: Vast Resources seeks legal advice on Atlas conversion notice

Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - On Wednesday says it is seeking legal advice regarding the issued conversion notice for USD800,000 by Atlas Special Opportunities LLC. The USD800,000 was part of the repayment to Atlas instructed as of Friday last week, but for which a SWIFT confirmation was only received on Monday.

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16 May 2022 12:40

Vast Resources shares surge as it repays outstanding debt to Atlas

(Alliance News) Vast Resources PLC on Monday said it repaid all its outstanding bond debt to Atlas Special Opportunities LLC.

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13 May 2022 11:15

IN BRIEF: Vast Resources issues 150 million shares for bond conversion

Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - Issues 151.3 million new ordinary shares at 0.27 pence each, compared to Thursday closing price of 1.37p. Vast now has 760.5 million shares in issue, so the issuance represents 20% of the enlarged total. The share issuance is in response to London-based Atlas Special Opportunities LLC choosing to convert bonds of USD500,000 nominal value. On May 3, Atlas had given Vast a non legally binding verbal assurance that it would do no more conversions.

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