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

Fri, 07th Oct 2022 21:54

(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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Vast Resources PLC - mining company focused on Romania, Tajikistan and Zimbabwe - Following the opening of the Takob mine processing project at the Takob mine in Tajikistan, signs exclusive offtake contract with Trafigura PTE Ltd, an commodity trading and logistics firm, for the sale of bulk concentrates produced at the project. The mine is to produce around 7,000 tonnes per month of ore containing no less than 1.5% to 2.0% lead, 1.2% to 1.4% zinc, and 27% fluoride.

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Conroy Gold & Natural Resources PLC - gold exploration and development company focused on Ireland and Finland - Announces assay results from fourth drill hole of an eight-drill hole programme on its Clontibret gold deposit in Ireland. 33.2 metre gold zone has been interested, grading 0.8 grams per tonne of gold. Company says presence of wide gold mineralisation shows the continuity of gold mineralisation in the stockwork in the area.

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Strategic Equity Capital PLC - specialist alternative equity trust, maintaining a portfolio of UK smaller companies - Net asset value per share at June 30 is 316.21 pence, down 9.7% from 350.05p at the same time a year prior. Total assets fall 21% to GBP1777.2 million from GBP223.8 million in the same time span. In the year ended June 30, total NAV return is negative 9.2%, compared to positive 47% the previous year. Benchmark index, the FTSE Small Cap (ex Investment Trusts) Index, returns negative 15% in the year. Proposes final dividend of 2.00p, up from 1.60p the previous year.

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Karelian Diamond Resources PLC - Dublin-based diamond explorer - Granted two additional mineral prospecting licences in Northern Ireland. Licences for the exploration of the presence of nickel-copper-platinum mineralisation. They are valid for a period of six years and are adjacent to the company's existing KDR-1 licence.

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Carnival PLC - Miami, Flordia-based cruise line - Notes that the approval of Executive Compensation and the Directors' Remuneration Report passed with the support of 64% shareholders.

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By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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IN BRIEF: Vast Resources raises GBP1 million to fund projects

Vast Resources PLC - London-based mining company with projects in Romania and Zimbabwe - Raises GBP978,967 through a placing of 212.8 million shares at a price of 0.46 pence per share. Says it will use the cash for an immediate upgrade to underground equipment to maintain the underground production ramp up and the continuation of the ongoing drilling programme at the company’s Baita Plai Polymetallic mine in Romania. The company notes that Baita Plai is moving towards its name plate capacity of 14,000 tonnes per month in the first half of 2023, after seeing strong production and sales in the fourth quarter of 2022.

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12 Apr 2023 14:03

Vast upbeat on Baita Plai production, nears Zimbabwe settlement

(Sharecast News) - Mining company Vast Resources updated the market on its Baita Plai Polymetallic Mine on Wednesday, as well as the Takob mine in Tajikistan, and the settlement of a historic claim in Zimbabwe.

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3 Mar 2023 12:55

Vast Resources technical director makes sudden exit

(Sharecast News) - Vast Resources announced the resignation of its technical director from the board on Friday.

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6 Feb 2023 14:37

TRADING UPDATES: Vast Resources receives parcel release court order

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6 Feb 2023 09:35

Vast Resources placing raises GBP2.4 million to fund ongoing drilling

(Alliance News) - Vast Resources PLC on Monday said it raised GBP2.4 million through a placing of 433.2 million new shares at 0.55 pence per share.

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2 Feb 2023 14:42

Vast Resources expects historic diamond parcel release in coming days

(Alliance News) - Vast Resources PLC on Thursday said the High Court of Zimbabwe has granted a default order against the Minister of Mines & Mining Development, in relation to the release of a historic parcel of diamonds.

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23 Jan 2023 11:27

Vast Resources shares up on "material progress" of claims in Zimbabwe

(Alliance News) - Vast Resources PLC shares jumped on Monday after it said "material progress" will be made regarding settlement claims in Zimbabwe during January.

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4 Jan 2023 15:23

Vast Resources reports 47pc uptick in Baita Plai production

(Sharecast News) - Mining company Vast Resources announced on Wednesday that it achieved a 47% quarter-on-quarter overall increase in copper concentrate production in the fourth quarter, as well as a 248% increase in copper concentrate sold and a 35% increase in copper concentrate grade from its Baita Plai polymetallic mine in Romania.

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4 Jan 2023 12:18

Vast Resources sees fourth quarter production increase; sales multiply

(Alliance News) - Vast Resources PLC on Wednesday said fourth quarter copper production was up from the third quarter at its Baita Plai polymetallic mine in Romania.

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Vast Resources Romania mine production up; second shipment delivered

(Alliance News) - Vast Resources PLC on Friday said fourth quarter production was up compared to the previous quarter at its Baita Plai Polymetallic Mine in Romania.

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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15 Nov 2022 08:02

IN BRIEF: Vast Resources starts loading for Romanian concentrate sale

Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - On Monday starts loading for the planned concentrate sale from its Baita Plai polymetallic mine in Transylvania, Romania. Says it will be the largest tonnage delivery made to its offtake partner for a single month. Vast Resources says it is planning its next concentrate sale in the first half of December this year.

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