Chief Financial Officer......25 Oct 2021 11:47
Paul Fletcher, Chief Financial Officer of Vast Resources plc, commented:
"Since 2019, the fundamental value of both Baita Plai and Manaila has grown significantly. Independent commentators have placed values on Baita Plai and Manaila in excess of $100 million, with Baita contributing $80 million. This represents a substantial premium over the Company's existing share price. We believe there is the potential for significant further valuation upside to these assets which can be delivered through successful execution of the Baita Plai mining plan and the Manaila restart. We are now focused on executing the ramp up of Baita Plai's production and bringing Manaila back into production as we look to establish Vast as a mid-tier polymetallic mining company."