IN BRIEF: Vast Resources "encouraged" by initial tender process

Vast Resources PLC - copper and polymetallic miner in Romania, Tajikistan, and Zimbabwe - Says on Monday it was "encouraged" by an initial diamond tender process which involved 123,711.8 carats of lower value gem sold at average USD6.87 per carat. This left a remaining parcel of gem-quality stones totalling approximately 135,139.47 carats, which were not included in the tender. References to the quality of stones are indicative only, the company says.

"The board was encouraged by this initial tender process which paves the way for future such tenders and demonstrates the company’s ability to market the diamonds, and in particular, its high value stones, going forward," Vast says.

Current stock price: 0.094 pence

12-month change: up 34%

By Roya Shahidi, Alliance News reporter

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