(Sharecast News) - Vast Resources officially opened the joint venture project at the Takob Mine in Tajikistan with its partner company Takob on Monday.
The AIM-traded firm said it would receive a participation equivalent to a 12.25% royalty over all sales of non-ferrous concentrate and any other metals produced from the Takob processing project.
"I would again like to thank the Minister of Industry and New Technologies of Tajikistan, together with the chairman and executive team of Talco, for their assistance in commencing the Takob processing project," said chief executive officer Andrew Prelea.
"I would also like to thank all the stakeholders and our strategic partners in Central Asia Minerals and Metals Ore Trading FZCO ... for giving Vast the opportunity to participate in this exciting venture that opens the door to further opportunities in Tajikistan."
At 1053 BST, shares in Vast Resources were down 12.83% at 0.69p.
Reporting by Josh White at Sharecast.com.
Vast Res (VAST)