Member Info for Dicko80

Still here and holding ngr , no research to post until this afternoon

Huge diamond deposit confirmed in Chiadzwa

THE Chiadzwa diamond fields hold an estimated 50 million carats, with parts of the mining concession having grades of up to 1 000 carats per 100 tonnes, it has been learnt…

We have defined 12 billion tonnes, which translate to 50 million carats. We are going to mine everything.”

Article end of last year 👆

hTTps://www.sundaymail.co.zw/huge-diamond-deposit-confirmed-in-chiadzwa/amp

……………….

Vast updated website

“Vast Resources is focussed on expanding its current production and delivering multiple revenue streams from a pipeline of mining interests. This will be driven by the ramp up of production at the Baita Plai Polymetallic Mine in Romania, the development of the Chiadzwa Community Concession in Zimbabwe and the expansion of the Company’s interests and operations in both Romania and Tajikistan.”

hTTps://www.vastplc.com/

If the sale of the oil assets doesn’t complete, how will ops be funded?

Further updates on the website

hTTps://www.vastplc.com/operations/

Looks like they getting their house in order before transformational news

“Making a base”

I like to call it a “accumulation” phase

hTTps://uk.advfn.com/newspaper/azeez-mustapha/75874/vast-resources-price-vast-is-in-descending-orders-making-a-base

The debt in relation to the assets and their net worth isn’t very big , we aren’t talking tens of millions of pounds

If the company only had 1 asset and 1 revenue stream it would be a lot higher risk but now the company has positioned itself for growth via multiple revenue streams and also multiple mines x2 Romania, x1 diamonds in Zimbabwe, x12 gold mines Tajikistan, x1 or more gold tailings, x1 takob plant, PGM contracts worth over £100m , more being lined up

So for £1.5m mkt cap the upside for a new investor to buy a stake is obvious , even more so when the investor is in the PGM industry and massive scope in Tajikistan if can get a foot in the door …

Who can offer this ?

VAST

https://m.youtube.com/watch?v=S4DD-b9qMRY

Hi Orange

Yes as you go deeper the grade/percentage should increase, it’s a positive we’ve seen this in the first two reservoirs , so highly likely this will continue into the flathead and basement

As this well is a stacked reservoir play, we need to understand the overall prospective resource number, 2.2bcf P50 @ 1.5% helium is made up from all the reservoirs

So for the remaining 1.1bcf we are looking out for a significant increase in background helium, looking for x3000+

GLA

“HE1 2nd well (Itumbula): 20x background Helium through mud - 4.7% Helium concentration. Flow rate tests ongoing but no indication other than speculation that there will be a good flow. 100Million Cap on the line.”

The 20x was referred to higher up the well , wasn’t in connection with the 4.7% helium

The 4.7% helium that flowed to surface was from the basement , the company stated was 9000x background helium

Please see link below

https://www.lse.co.uk/rns/HE1/itumbula-west-1-well-flows-helium47-to-surface-h3ozbl2v33bohu1.html

Discussing potential revenue from BP & diamonds

Since then, that equipment has been installed and commissioned, and the project is now up and running and in production. Next year the company has guided that Baita Plai will generate approximately US$19mln in net revenue giving a surplus of just under US$9.5mln after development costs, and that will be followed by an uplift in 2022, when net revenues will rise to over US$20mln with a surplus after development costs of over US$12mln .

Add that projected revenue from Baita Plai to the potential US$50mln-plus annual revenues from the Chiadzwa Community Concession, and the possible asset-backed debt financing facility from the international banking institution, as well as the associated payment terms, begin to make more sense.

So, what will happen now?

Should a company that’s potentially capable of generating more than US$70mln in revenues per year by the end of 2021 still be valued at just under £25mln?

https://www.proactiveinvestors.co.uk/companies/news/933811/vast-resources-could-be-generating-more-than-us70mln-in-revenues-from-baita-plai-and-chiadzwa-by-2022-933811.html?rel=scroll

So this is just BP and diamonds

Vast also have Manila mine to reopen within 3 months , similar levels as BP I guess, then there is the PGM agreements, then the number of different revenues coming from Tajikistan - takob plant , gold , where it should be noted we have an option to acquire a further 20%, 27oz of gold at $2500 , $67.5m revenue per year , remember there’s some 12 mines for gold there , high upside both on reserves and production ramp up, plus the gold tailings also extra

Company is also exploring tungsten potential and also cooper

Add the cherry on top for the release of diamonds worth multiples of the sp alone

So when you put it all together and look at mkt cap £1.5m , the assets are there, plus a lot of the work has been done to position for all this revenue to start coming in , all it needs to be suitably financed

So ask yourself if you were the Swiss investor , do you see value taking a strategic position in the company where production and revenue could really accelerate as mentioned above

Please refer to RNs that states they are in neg to extend the deadline but as per other RNS financing is expected plus a bonus if diamonds are released as well

The lenders have been v co-operative previously so see no reason why they wouldn’t extend but I think it’ll be better for it to be repaid and then the business plan announced for all the assets and additional licences / assets

On the back of what happened with him seeking shares and now not having share holders interests at heart with black out of news , it doesn’t sit right and no doubt others feel the same

Every man and his dog knows the road is complete but the company hasn’t announced it

The discussion from PIs is something is brewing, RF is calling large holders offering them to be insiders , the general consensus is he’s looking for support for whatever is coming

Hi loyal

In my post, that last paragraph is from the company’s website about our diamond licence area

The Dubai Zimbabwe rough diamond auction is the question I put before followed by the link

As PI’s we are always the last to know but if the company’s website has been updated as has gulfs , but to state they looking to develop the diamond licence and potentially more licences, this as per RNS last year states only after the release of diamonds

Then you add in the company email I had yesterday confirming progress on many work fronts and the financing

Interesting times he says

as per last years RNS

“In Zimbabwe, the company is preparing for the release of its diamonds previously mined by the company and preparing for their marketing,”

“Upon the finalisation of the process, the company will recommence its focus on the finalisation of the mining agreement on the Community Diamond Concession in the Marange diamond fields,”

Hmmmmm … are the diamonds finally on their way ? 💎

https://www.koininternational.com/sales-calendar/

TA018 : KOIN ZIMBABWE ROUGH SALE

25–29 August 2024

Info on the diamonds …

“The Chiadzwa Diamond Fields located in Marange are widely regarded as the richest alluvial diamond deposits globally.”

129,400 carats diamond could be worth $13m

Mkt cap £1.5m

Home page

“Vast Resources is focussed on expanding its current production and delivering multiple revenue streams from a pipeline of mining interests. This will be driven by the ramp up of production at the Baita Plai Polymetallic Mine in Romania, the development of the Chiadzwa Community Concession in Zimbabwe and the expansion of the Company’s interests and operations in both Romania and Tajikistan.“

Diamonds you say 💎

Nice picture of sparkling diamonds as well 💎 💎💎💎

Strategy

“Vast Resources has a long-standing presence on the ground in both Romania and in Zimbabwe. It is focussed on establishing a portfolio of productive assets in these two countries, together with additional opportunities in Tajikistan through the Company’s partnership with Open Joint Stock Company Korkhanai Boygardonii Takob.”

“These opportunities include producing assets and near-term production projects, through to brownfield and appraisal opportunities which will be advanced up the development curve. This is intended to give shareholders exposure to a diverse range of commodities including copper, gold, silver, zinc, lead and diamonds from several different mining operations in three highly prospective jurisdictions.”

https://www.vastplc.com/about-us/our-strategy/

Interesting times a head

Yes looking good

Look like due another tick up

NT to buy anything over £250

Takob processing - shipments now taking place, creating revenue , for lead and zinc ,

fluoride revenue stream being looked at

Potential high grade cooper being investigated, Findings from high grade copper, with grade upto 37% at surface

Gold - increase in recoveries helping to increase tonnage to get back up to previous peak levels 27,000 oz gold, to create revenues

Gold report on findings from the 3 tailings dams and 8 further mining areas

2 copper mines - 1 producing , BP - part of investment will be to help fully fund operations to ramp up as copper $11,000 t, costs were estimated at $5,000 and to produce at peak levels would generate $3-5m net per month

However cooper price expected to quadruple, returns would then propel to $15-20m NET per month

$40.000 t - Copper

VANCOUVER, BC , June 3, 2024 /PRNewswire/ -- One of the biggest threats to the ongoing energy transition is the world's ongoing copper shortage that's set to get worse. As demand for the red metal continues skyrocketing, the International Energy Agency (IEA) predicts that existing mines and projects under construction will meet only 80% of copper needs by 2030, which is concerning as opening a single copper mine typically takes 23 years. With the world's two most prolific copper producing countries coming from Latin America, sociopolitical threats to the mining industry in the regions persist in Chile and Peru respectively. Hedge fund manager Pierre Andurand is predicting the price of copper to quadruple to $40,000 per tonne in the next few years, while Goldman Sachs also predicts record copper prices by the end of 2024. These factors are driving calls supporting development of more domestic mining to bolster secure supplies, as the market pays attention to copper miners such as Rio Tinto Group(NYSE: RIO), BHP Group Limited(NYSE: BHP), Lundin Mining Corporation(TSX: LUN) (OTC-Pink: LUNMF), Southern Copper Corporation(NYSE: SCCO), and newcomer Yukon Metals Corp.(CSE: YMC) (formerly CSE: JKS).

With the IEA predicting global copper demand to surge twentyfold by 2040, the importance of projects being developed today becomes clearer

hTTps://markets.ft.com/data/announce/detail?dockey=600-202406031049PR_NEWS_USPRX____LN29673-1

2nd mine looking to reopen with Swiss investment , similar levels of BP at peak, and would only take 3 months to get up and running !

Diamonds - if anything ever comes 147k c at $90 per c , potentially $13m

Fees from service agreements

further opportunities in Romania

Further opportunities in Tajikistan

PGM further collaboration with Swiss investment , other metals being discussed

When you look at relationships formed with Trafiguria and Swiss , and the opportunities in Tajikistan and getting the 2 mines running to peak production

The opportunity at £1.5m is compelling,risk high reward play to have in your portfolio

Mkt cap £1.5m

Worth £200m ?

hTTps://youtu.be/S4DD-b9qMRY?si=9PH6Wm0xCztFv3Ux

Insider buying more

Company stating Swiss investment to take strategic stake in the business and to be at significant higher sp

PGM - 1st 4 ton ready and sample out to 3 buyers, one already a contract in place for $100m+ orders for next 12 months , start of revenue

PGM contract

1 ton = 32,0000zs

2ton platinum concentrate per month

2 ton = 64oz

64,000 x 15%

9,600 ozs platinum per month

Platinum price $1080

9,600 x 1080 =

$10,368,000 per month x 12 months

$124,416,000

As part of this arrangement, and on behalf of the Swiss investment company, Vast has received an offer from the Nikash Group to purchase PGM concentrate containing on average 15% platinum plus other payable materials and which is being marketed as a platinum concentrate. Under the offer, Vast will arrange the sale and delivery of, on average, two tonnes of high-grade platinum concentrate per month over a period of up to one year. Independent assays have been performed by the seller corroborating the grade of the platinum concentrate at 15% and execution of the final sales contract with the Nikash Group will be dependent, amongst other matters, on the buyer concluding its internal assays and inspection of the product. The estimated sales value, based on seller assays, is expected to exceed $100 million.

hTTps//www.lse.co.uk/rns/VAST/platinum-group-metals-pgm-agreement-mpwoud4d6tzvw4p.html

$124,416,000 x 2.5%

$3,114,000 to vast

This transaction will represent the first sale of product on behalf of the Swiss investment company. The Company is also currently working on the marketing of other similar high value products originated from the same Swiss investment company to expand Vast’s trading desk

hTTps://www.lse.co.uk/rns/VAST/platinum-group-metals-pgm-agreement-mpwoud4d6tzvw4p.html

PGM Marketing contract

15th May RNS

The Company wishes to confirm that four (4) tons of PGM concentrate has been prepared to depart to Nikash in Dubai to separate the contained PGMs. Once separation of the contained metals is complete, the Company will receive payment for this first shipment in accordance with the marketing agreement as announced on 22 January 2024. It is not possible to estimate the amount of any such payment until the minerals involved have been smelted and values established.

Could be $500k to land for Vast as first payment

Bit of history

Gulf International Minerals is concentrating its primary energies on its properties in Tajikistan in 2003gulf_map.jpg (23607 bytes) and production has commenced at The Kansai Properties as of early September 2002.

Gulf International Minerals, under the terms of the Tajik-Canada Joint Venture Limited Liability "Aprelevka" agreement, has the exploration rights to an area of Northern Tajikistan known as the Tien Shan Fold, an area of some 2000 sq. km. The Tien Shan Fold is one of the world's most prolific precious metal rock belts, running from Kyrgyzstan to the east, across Northern Tajikistan and west into Uzbekistan. This area has been mined since ancient times and it is only from 1957 that the Russians began any form of sophisticated exploration, which resulted in their being able to prove up 11 million oz of gold along the Tajikistan / Uzbekistan border.

(1) Kansai Properties and Kansai Mill

Kansai is a former mining town and home of the Kansai Mill, which is owned by Gulf International's joint venture with the Republic of Tajikistan.

gulf2.jpg (40576 bytes)Three mining projects makes up the Kansai Properties. The ore and tailings will be processed at thegulf1.jpg (30744 bytes) Kansai Mill which has been totally restored plus the addition of a CIL circuit. The Elution Plant which extracts the gold from the carbon is situated at the Kansai Mill. Full production at the Kansai Mill commenced in August 2002.

The Capacity of the Mill:

§ 1,200 tonnes per day

§ 15,000 tonnes per month

§ 30,000 tonnes monthly by 2002 year end

(2) Aprelevka Gold Deposit

In 1986 the Russians began the development of the Aprelevka Gold Deposits, which they had to subsequently abandon in 1991 with the break up of the Soviet Union. Having completed the necessary works to put the pit into full production the Russians had only time to extract approximately 20,000 oz of gold.

Gulf International Minerals Ltd. signed the Tajik-Canadian Joint Venture Limited Liability "Aprelevka" agreement with the government of Tajikistan in 1996, making Gulf International responsible for putting the Aprelevka mine back into fullgulf3.jpg (17584 bytes) production and managing its subsequent operation. In return Gulf International retains a 49% net profit interest. Aprelevka is an open pit gold mine with reserves of 4.746 million tonnes of ore that will yield 650,000 oz of gold at 7.28 g/t plus 41,000 oz of silver. Russian geologists estimate that reserves of up to one million oz of gold could exist in this deposit. Furthermore a strike line which runs to the east for 2.7 km has Gulf geologists feeling confident that the mining life of Aprelevka could be extended well beyond the ten years anticipated. An active drill programme is to take place with the objective of increasing the gold reserves.

A mining cost of USD$130 per ounce of gold recovered, makes Aprelevka one of the lower cost gold mining projects in the world.