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Pin to quick picksVast Res Share News (VAST)

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Vast Resources reaches agreement over Heritage Diamond Concession

Mon, 17th Jun 2019 09:36

(Sharecast News) - Vast Resources updated the market on the Heritage Diamond Concession on Monday, reporting that following a number of meetings in Harare last week between its senior management, local community leaders and the parastatal Zimbabwe Consolidated Diamond Company (ZCDC), a road map to closing the agreements that would enable the firm to mine on the concession had now been established.The AIM-traded company said agreements concerning the Heritage Diamond Concession would now be directly between the company and the ZCDC, rather than the local community.It did add that the local community would be maintained as a beneficial recipient of shared profits, however, as per the original agreement."After taking part in the meetings last week with our senior management, the community chiefs and ZCDC, I am pleased to say that the timeline to closing the agreements will now be accelerated," said chief executive officer Andrew Prelea."I plan to return to Zimbabwe shortly for what I hope will be the finalisation of the contractual terms, and also to establish the commencement of the project."This amendment to the structure of the arrangement should not only accelerate the process to commencement, but should also provide the company further opportunities to work with the ZCDC."
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12 Apr 2023 21:13

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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16 Dec 2022 14:33

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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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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