Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Some great questions coming through for the QA session , lots of very important questions regsrding the resolutions seeking clarity . Keep them coming through guys let’s get all the info required before we make any decisions .
King i am concerned with the position we find ourselves in, the Gm is critical in my opinion and the Voting will decide the paths that Vast have to take moving forward. So i feel it imperative we try and get all the information direct and Honest from the BOD this is the reasoning why i have stood up and done this again, hope it helps us all and we get some clarity in the coming days.
Lee
Thanks Isas, i cannot just sit back we need answers and i will do everything possible to ensure investors get the info they need from Vast at the critical junction in the business. we need answers before voting on the resolutions that's why the cut off will be mid day tomorrow so we can get some answers Thursday hopefully. Lee
I have not posted for a while due to being out of the country, but seeing what has gone over the last few weeks I cannot sit back without some answers from AP and the BoD. I have been in contact with St Bribes today and asked for a specific QA session on the current state of the business. I have asked these questions be put to the board and request that they update the shareholders with specific and honest answers. We have supported Vast throughout the years and shareholders need to keep their voice, so I would like to run a QA on specific questions that you guys may have that are on point with the current situation AP and the BOD of Vast find themselves in.
I will be accepting emails and questions on the following address leevastacc@outlook.com i will be closing the QA questions at mid day tomorrow so we can get some answers by Thursday which may help us in our decision making as towards the resolutions submitted for the GM. Thanks Lee Morris
Agree guys good update in the podcast , just wished him all the best and hope we get plenty of deliveries in 2019 . By the way if he sounded dull he’s absolutely full off flue but full of optimism for shareholders moving forward . Lee
https://www.reuters.com/article/us-zimbabwe-mining-diamonds/zimbabwe-to-allow-two-new-companies-to-mine-diamonds-idUSKBN1O40US
Vast and Bod get a mention in this article
Pepco , i strongly believe VAST WILL be 1 of the 2 companies. IMHO it does not take a rocket scientist to work out , look at the appointments Vast has made to its BOD:
Mark Mabhudhu
Director of Vast Resources Zimbabwe (Private) Limited
Mark is a full-time resident of Zimbabwe and Zimbabwean national with over 25 years’ experience in the mining industry. Of this, more than 22 years has been focused on diamond mining both in Zimbabwe and internationally, including 11 years with Debswana, the joint venture company between De Beers and the Government of Botswana. Mark’s recent positions include CEO of Government owned Zimbabwe Consolidated Diamond Company (Pvt) Ltd and, prior to that, COO and CEO of Marange Resources (Pvt) Ltd. Mark has a BSc (Hons) degree in metallurgical engineering, an MBA, an MPhil in Information & Knowledge Management, and is currently working on his Doctoral studies.
Rudorwenyu Mandinyenya
Project Engineer
Rudorwenyu earned his degree in Industrial and Manufacturing Engineering from the National University of Science & Technology, Zimbabwe and also has a Mine Engineer's Diploma from Ministry of Mines in Harare. Prior to joining Vast, Rudorwenyu was the Engineering Manager at Marange Resources (PVT) LTD (Diamond) and was responsible for planning, organising, leading and controlling the day-to-day maintenance and production team activities on Marange Resources, together with carrying out all mine expansion projects. His career has encompassed work within a number of different mineral sectors including diamonds, gold, tantalite and platinum in Zimbabwe and the wider southern African region.
Takawira Zhou
Project Geologist
Takawira has been awarded degrees in Exploration Geophysics, Exploration Geology and Surveying & Geomatics from highly respected universities in both Zimbabwe and South Africa. His recent experience has centred on the diamond industry, most recently during his role as Director of Operations at Sociedade Mineira do Tchegi in Angola, and prior to that, as Mine Geologist & Geology Manager at Marange Resources (Pvt) Ltd and Mineral Resource Executive at Zimbabwe Consolidated Diamond Company. In his previous positions, Takawira has been responsible for managing all technical functions of the diamond operation value chain from exploration and evaluation to mining, processing, and product security.
I was at the Zim conference last week and to see the relationships AP has built with the Zim officials is outstanding , i am super confident but lets see what unfolds as the announcements are made to the World. If we are 1 of the 2 then this is a company changer especially as AP says we can take money out of ZIM.
Tie this is with the Red Mercury deal and the community relationships we tick all the boxes......
https://ukawards.ceotodaymagazine.com/winners-edition/88/. Well deserved recognition AP.
Nice interview from Doc holiday and AP, anyone with any doubts as to where vast is heading take a listen. Ap is removing cost bases, developing the financing of the business and collecting major assets for relatively zero cost.
https://total-market-solutions.com/2018/11/22/vast-resources-ceo-interview/
https://miningzimbabwe.com/zcdc-ploughs-7m-into-community/ …
The ZCDC State-owned firm’s balance sheet has now grown from $45 million in 2016 to over $250 million by September this year. 500% increase #Vast are onto something massive with Marange.
Ap working with communities excellent..
Operational Development
JORC Resource estimate published at MPM upgraded to 4.6Mt (Indicated and Inferred) of which 3.589Mt was Indicated, representing an increase of 209% over previous estimates.
Teething problems in commissioning the sulphide processing plant at PPGM resolved.
PPGM registered a record volume of milled ore at 295,424Mt and produced a record 20,938oz of gold.
MPM processed a mill feed of 106,488 tonnes, 9% higher than the prior year.
Planning underway to progress the Carlibaba extension to the MPM open-pit operation.
Post period end:
23.75% economic interest was acquired in the Eureka Gold mine in Zimbabwe. (APPROX $9 MILL P/A TO VAST WHEN OPERATIONAL)
29.41% economic interest was acquired in the Blueberry Polymetallic Gold project in Romania.
Plan approved to upgrade the truck-and-shovel fleet at MPM which is expected to significantly improve delivered ore volumes.
6,969 Troy Ounces of gold produced at PPGM in quarter ended June 2018.
911 and 151 tonnes of copper and zinc concentrate respectively produced at MPM in quarter ended June 2018.
Access agreement with a view to concluding joint venture on Heritage Concession in Marange Diamond Fields.(aP CURRENTLY IN ZIM , WORKING ON DEVELOPING THIS HOPEFULLY)
All documentation concerning Baita Plai Association Licence giving the right to mine at Baita Plai pre-agreed and submitted to ANRM. Formal approval awaited.(NOW AWARDED)
Yarbs i never once said we will get 5BN sticky fingers pal, Yes you are quite correct it was from the headroom but as AP has said it was a necessity for Business development. That's why he will be trying to get II on-board at a premium so he has cash to develop rather than come for small dribs and drabbs.