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BP MINE INFO
Mine hosts; copper, silver, zinc, lead, tungsten, gold, molybdenum, bismuth and antimony;
• Depth potential below the deepest Level 18 has only been drill tested for about 90 m – it is not yet certain how deep the skarn mineralisation will persist before being cut off by an underlying granite intrusion .
• The branching skarn geometry suggests the mine is currently in the shallow upper levels of the system and the deep roots could persist for at least several hundred metres – an old Russian hole in the 1970s indicated +350m from base of mine to granite.
• Orebody is zoned vertically with Au-Ag caps and Pb-Zn being richer at upper levels.
• Copper grades increase with depth from ~0.8% Cu near surface to >2% Cu below Level 18, with spectacular Ag and Au grades (200–2,000 g/t and 1–4 g/t respectively) associated with copper on thin veined contacts with the host dolomite.
• Antonio 2 pipe lies approximately 300m north of Antonio 1, both have good access from drives (galleries) down to Level 18 at Antonio 1 and Level 15 at Antonio 2.
• Postulated that the Antonio 1 and 2 pipes may merge at depth forming a substantially larger orebody representing a priority drilling target.
• VAST Resources has rights to mine polymetallic minerals (Cu, Pb, Zn, Ag, Au), molybdenum, bismuth,
“The mine benefits from full infrastructure including underground, surface and processing equipment and an EU registered and operational tailings facility”
• Skarn deposit comprising several veins in calcareous sediments in eight distinct pipes
• 1,800,000 tonne copper-silver-zinc-lead- gold-tungsten-molybdenum ore body at 6% copper equivalent (Russian Reserves and Resources Reporting System) within the mining licence area
• Unmeasured resources in other pipes and substantial exploration upside
• Significantly reduced the carrying cost of the mine by installing more efficient pumps, securing direct electricity supply, and reduced the staff count;
• Maintained access and safety of the underground workings;
• Restored important underground access areas;
• Cleaned the milling and flotation circuits to enable assessment of the remedial work required.

Here is a link to the BP mine presentation with Diagrams of Antonio and other pipes along with 3D mapping .

http://www.vastplc.com/wp-content/uploads/2019/04/baita-plai-polymetallic-mine-presentation-2019-.pptx

Heritage Diamond Concession update:
Vast Resources plc, the AIM-listed mining company, is pleased to inform the market that following meetings that took place in Harare last week between Vast senior management, the local community leaders and the parastatal Zimbabwe Consolidated Diamond Company Ltd (ZCDC) a road map to closing the agreements that will enable the Company to mine on the Heritage Concession has now been established.
The agreements concerning the Heritage Diamond Concession will now be directly between the Company and the ZCDC rather than the local community, but the local community will be maintained as a beneficial recipient of shared profits as per the original agreement.
Andrew Prelea, Chief Executive Officer of Vast, commented:
“After taking part in the meetings last week with our senior management, the community chiefs and ZCDC, I am pleased to say that the timeline to closing the agreements will now be accelerated. I plan to return to Zimbabwe shortly for what I hope will be the finalisation of the contractual terms, and also to establish the commencement of the project.
“This amendment to the structure of the arrangement should not only accelerate the process to commencement, but should also provide the Company further opportunities to work with the ZCDC.”

Some calculations based on Information on Marange Fields recovery rates , Run rates etc.
GRADE RANGE
50-500 cpht , 100-200 cpht , 100-3000 cpht , Cpht = Carats Per 100/Tonnes , Average Price Per/carat $80

Let’s put some numbers together for the market and investors to understand the phenomenal scale of Diamond mining here with outstanding Revenues available.
Many sites available throughout the Marange Diamond concession obtained from Red Mercury . The following figures are based on running 1 plant !!! There is easily enough deposit areas to be running a minimum of 3 plants.
After looking at plant availability and estimated run rates from ZMDC, at full production I expect Vast to run at MIN 250tph. Potentially and quite possibly Vast should be running 3 plants at any given time.
Using average grade of 250 Carats per Tonne and the Average Carat Price of $80 per Carat.
Calculation for REVENUE:
250 T/ph x 50 Cpht = 125 carats x $80 x 22 hrs run time per day= $220,000 x (365 days) = $80,300,000 (Mill)
80,300,000 Revenue and using the ZCDC cost per ton of $28 gives an estimated PROFIT of $52,000,000 (Mill)
DON’T FORGET THIS CALCULATION IS RUN ON THE MODEL OF 1 LINE , MULTIPLY THE ABOVE BY 3 MINES
$52,000,000 Profit Per Line x 3 = $156,000,000
Taking worst case at 1 line =$52 Mill profit P/A
Vast current M/C £10 ,846,000 seriously undervalued on the Diamond claim alone .
Listen from 10 Mins in , confirmation Vast in talks over Marange.
https://m.miningweekly.com/article/mining-investments-in-zimbabwe-2019-09-05/rep_id:3861

BLUEBERRY
Vast holds a 29.41% interest in the Blueberry Project, a 7.285km² brownfield area of prospectivity in the Golden Quadrilateral located in the immediate vicinity of the now closed Baia de Aries mine. The Golden Quadrilateral has significant areas of polymetallic prospectivity (copper, zinc and lead coupled with particularly high gold and silver) and has been estimated to have produced approximately 55 million ounces of gold in the past. Also in the Golden Quadrilateral are Rosia Montana with a reported NI 43-101 Resource of 17.1 million ounces of gold and 81 million ounces of silver (SRK Consulting – October 2012) and Euro Sun Mining’s, Rovina Valley project with a reported 7.2 million ounces of gold and 1.4 billion pounds of copper (AGP Mining Consultants – NI 43-101 – July 2012).
Historic work across the perimeter area has demonstrated prospectivity for gold and polymetallic mineralisation with sample values of up to 22.4g/t of gold were obtained from historic soil sampling. A drilling programme and assaying is underway, which is anticipated to deliver sufficient information to support an Inferred JORC Mineral Resource for gold and other polymetallic minerals including silver, copper, lead and zinc in one or more of several distinct breccia pipes.
Vast’s interest in Blueberry is held through Vast’s subsidiary company, EMA Resources Ltd, which is intended to develop into a standalone enterprise significant enough to justify an IPO. It is intended that Vast will have management and control of the future mining operations at Blueberry, and also over the exploration programme and the IPO process in consideration of a fee equal to 10% of pre-IPO costs.
“A drilling programme and assaying is underway, which is anticipated to deliver sufficient information to support an Inferred JORC Mineral Resource for gold and other polymetallic minerals including silver, copper, lead and zinc in one or more of several distinct breccia pipes.”
Highly prospective brownfield in the heart of Romania’s ‘Golden Quadrilateral’ which has been estimated to have produced up to 55 million ounces of gold to date.
. A brown field perimieter covering a total of 7.28 km2 in the Golden Quadrilateral of Western Romania.
. Hosts highly prospective polymetalic mineralisation.
.Sample values of upto 22.4g/t of AU Gold were obtained from historical soil samples.
.Drilling programme and assaing underway, which is anticipated to deliver sufficient information to support an inferred JORC Mineral resource.
.Opportunity to advance subsidary which holds the project into a stand alone enterprise with iIPO targeted.
. Soil sampling programme completed and confirmed anomalous gold in soil values and extended and defined the target footprint in more detail
. Continued progress towards defining maiden JORC Compliant Resource Estimate targeted for completion once all assay results have been received
. Targeting the application of an Exploitation Licence when drill report is

MAGURA NEAGRA POLYMETALIC LICENCE
The 21km2Magura Neagra prospecting Permit is located in the Zagra-Telciu area in Bistrita-Nasaud County of Romania and lies adjacent to Vast’s Piciorul Zimbrului licence. Following initial prospecting work Vast has undertaken a drilling programme targeting sets of polymetallic veins together with areas of disseminated sulphide mineralisation the results of which are awaited. If these are as expected this will enable the Company to apply for a full exploration licence.
The mineralisation is associated with areas of intense silicification and is hosted within silicified sandstones spatially related to a quartz diorite.
Historical prospecting activities undertaken by the state exploration company IPEG Cluj during the period 1986-1993, identified five polymetallic veins ranging in widths from 0.30m-5.00m, together with an 800-metre-long zone of disseminated sulphide mineralisation which was intersected in an underground drive accessed by means of a surface adit (Gallery 47). The underground drives are developed from elevations ranging between 972m amsl-1,340m amsl representing a vertical extent or exposure of 368m.
A spatial analysis of the vein system, areas of intense silicification and occurrences of disseminated mineralisation may indicate the possible presence of a porphyry copper type mineralising system together with mineralised veins containing gold, silver, molybdenum, lead and zinc.
Porphyry style copper mineralisation appears to be associated with the vein systems, and with areas of intensely silicified sandstones with disseminated sulphide impregnations. Initial estimates, by the Romanian state exploration company IPEG Cluj, related to the porphyry style mineralisation, have indicated an exploration target (non-JORC compliant) of up to 3,000Mt of ore to a depth of 600m, at grades ranging from 0.4% copper (“Cu”) and 0.3g/t gold (“Au”) up to 0.8% Cu and 0.5g/t Au. The exploration team surmised that at a 10% conversion ratio from exploration target to a mineral reserve, the reserves may total 300Mt of ore and place it above the current operations of Cuprumin at Rosia Poieni.
The exploration team surmised that at a 10% conversion ratio from exploration target to a mineral reserve, the reserves may total 300Mt of ore and place it above the current operations of Cuprumin at Rosia Poieni

http://www.vastplc.com/wp-content/uploads/2019/04/zagra-remin-presentation-2019-.pptx

BP MINE INFO
Mine hosts; copper, silver, zinc, lead, tungsten, gold, molybdenum, bismuth and antimony;
• Depth potential below the deepest Level 18 has only been drill tested for about 90 m – it is not yet certain how deep the skarn mineralisation will persist before being cut off by an underlying granite intrusion .
• The branching skarn geometry suggests the mine is currently in the shallow upper levels of the system and the deep roots could persist for at least several hundred metres – an old Russian hole in the 1970s indicated +350m from base of mine to granite.
• Orebody is zoned vertically with Au-Ag caps and Pb-Zn being richer at upper levels.
• Copper grades increase with depth from ~0.8% Cu near surface to >2% Cu below Level 18, with spectacular Ag and Au grades (200–2,000 g/t and 1–4 g/t respectively) associated with copper on thin veined contacts with the host dolomite.
• Antonio 2 pipe lies approximately 300m north of Antonio 1, both have good access from drives (galleries) down to Level 18 at Antonio 1 and Level 15 at Antonio 2.
• Postulated that the Antonio 1 and 2 pipes may merge at depth forming a substantially larger orebody representing a priority drilling target.
• VAST Resources has rights to mine polymetallic minerals (Cu, Pb, Zn, Ag, Au), molybdenum, bismuth,
“The mine benefits from full infrastructure including underground, surface and processing equipment and an EU registered and operational tailings facility”
• Skarn deposit comprising several veins in calcareous sediments in eight distinct pipes
• 1,800,000 tonne copper-silver-zinc-lead- gold-tungsten-molybdenum ore body at 6% copper equivalent (Russian Reserves and Resources Reporting System) within the mining licence area
• Unmeasured resources in other pipes and substantial exploration upside
• Significantly reduced the carrying cost of the mine by installing more efficient pumps, securing direct electricity supply, and reduced the staff count;
• Maintained access and safety of the underground workings;
• Restored important underground access areas;
• Cleaned the milling and flotation circuits to enable assessment of the remedial work required.

Here is a link to the BP mine presentation with Diagrams of Antonio and other pipes along with 3D mapping .

http://www.vastplc.com/wp-content/uploads/2019/04/baita-plai-polymetallic-mine-presentation-2019-.pptx

Heritage Diamond Concession update:
Vast Resources plc, the AIM-listed mining company, is pleased to inform the market that following meetings that took place in Harare last week between Vast senior management, the local community leaders and the parastatal Zimbabwe Consolidated Diamond Company Ltd (ZCDC) a road map to closing the agreements that will enable the Company to mine on the Heritage Concession has now been established.
The agreements concerning the Heritage Diamond Concession will now be directly between the Company and the ZCDC rather than the local community, but the local community will be maintained as a beneficial recipient of shared profits as per the original agreement.
Andrew Prelea, Chief Executive Officer of Vast, commented:
“After taking part in the meetings last week with our senior management, the community chiefs and ZCDC, I am pleased to say that the timeline to closing the agreements will now be accelerated. I plan to return to Zimbabwe shortly for what I hope will be the finalisation of the contractual terms, and also to establish the commencement of the project.
“This amendment to the structure of the arrangement should not only accelerate the process to commencement, but should also provide the Company further opportunities to work with the ZCDC.”

Some calculations based on Information on Marange Fields recovery rates , Run rates etc.
GRADE RANGE
50-500 cpht , 100-200 cpht , 100-3000 cpht , Cpht = Carats Per 100/Tonnes , Average Price Per/carat $80

Let’s put some numbers together for the market and investors to understand the phenomenal scale of Diamond mining here with outstanding Revenues available.
Many sites available throughout the Marange Diamond concession obtained from Red Mercury . The following figures are based on running 1 plant !!! There is easily enough deposit areas to be running a minimum of 3 plants.
After looking at plant availability and estimated run rates from ZMDC, at full production I expect Vast to run at MIN 250tph. Potentially and quite possibly Vast should be running 3 plants at any given time.
Using average grade of 250 Carats per Tonne and the Average Carat Price of $80 per Carat.
Calculation for REVENUE:
250 T/ph x 50 Cpht = 125 carats x $80 x 22 hrs run time per day= $220,000 x (365 days) = $80,300,000 (Mill)
80,300,000 Revenue and using the ZCDC cost per ton of $28 gives an estimated PROFIT of $52,000,000 (Mill)
DON’T FORGET THIS CALCULATION IS RUN ON THE MODEL OF 1 LINE , MULTIPLY THE ABOVE BY 3 MINES
$52,000,000 Profit Per Line x 3 = $156,000,000
Taking worst case at 1 line =$52 Mill profit P/A
Vast current M/C £10 ,846,000 seriously undervalued on the Diamond claim alone .
Listen from 10 Mins in , confirmation Vast in talks over Marange.
https://m.miningweekly.com/article/mining-investments-in-zimbabwe-2019-09-05/rep_id:3861

BLUEBERRY
Vast holds a 29.41% interest in the Blueberry Project, a 7.285km² brownfield area of prospectivity in the Golden Quadrilateral located in the immediate vicinity of the now closed Baia de Aries mine. The Golden Quadrilateral has significant areas of polymetallic prospectivity (copper, zinc and lead coupled with particularly high gold and silver) and has been estimated to have produced approximately 55 million ounces of gold in the past. Also in the Golden Quadrilateral are Rosia Montana with a reported NI 43-101 Resource of 17.1 million ounces of gold and 81 million ounces of silver (SRK Consulting – October 2012) and Euro Sun Mining’s, Rovina Valley project with a reported 7.2 million ounces of gold and 1.4 billion pounds of copper (AGP Mining Consultants – NI 43-101 – July 2012).
Historic work across the perimeter area has demonstrated prospectivity for gold and polymetallic mineralisation with sample values of up to 22.4g/t of gold were obtained from historic soil sampling. A drilling programme and assaying is underway, which is anticipated to deliver sufficient information to support an Inferred JORC Mineral Resource for gold and other polymetallic minerals including silver, copper, lead and zinc in one or more of several distinct breccia pipes.
Vast’s interest in Blueberry is held through Vast’s subsidiary company, EMA Resources Ltd, which is intended to develop into a standalone enterprise significant enough to justify an IPO. It is intended that Vast will have management and control of the future mining operations at Blueberry, and also over the exploration programme and the IPO process in consideration of a fee equal to 10% of pre-IPO costs.
“A drilling programme and assaying is underway, which is anticipated to deliver sufficient information to support an Inferred JORC Mineral Resource for gold and other polymetallic minerals including silver, copper, lead and zinc in one or more of several distinct breccia pipes.”
Highly prospective brownfield in the heart of Romania’s ‘Golden Quadrilateral’ which has been estimated to have produced up to 55 million ounces of gold to date.
. A brown field perimieter covering a total of 7.28 km2 in the Golden Quadrilateral of Western Romania.
. Hosts highly prospective polymetalic mineralisation.
.Sample values of upto 22.4g/t of AU Gold were obtained from historical soil samples.
.Drilling programme and assaing underway, which is anticipated to deliver sufficient information to support an inferred JORC Mineral resource.
.Opportunity to advance subsidary which holds the project into a stand alone enterprise with iIPO targeted.
. Soil sampling programme completed and confirmed anomalous gold in soil values and extended and defined the target footprint in more detail
. Continued progress towards defining maiden JORC Compliant Resource Estimate targeted for completion once all assay results have been received
. Targeting the application of an Exploitation Licence when drill report is

MAGURA NEAGRA POLYMETALIC LICENCE
The 21km2Magura Neagra prospecting Permit is located in the Zagra-Telciu area in Bistrita-Nasaud County of Romania and lies adjacent to Vast’s Piciorul Zimbrului licence. Following initial prospecting work Vast has undertaken a drilling programme targeting sets of polymetallic veins together with areas of disseminated sulphide mineralisation the results of which are awaited. If these are as expected this will enable the Company to apply for a full exploration licence.
The mineralisation is associated with areas of intense silicification and is hosted within silicified sandstones spatially related to a quartz diorite.
Historical prospecting activities undertaken by the state exploration company IPEG Cluj during the period 1986-1993, identified five polymetallic veins ranging in widths from 0.30m-5.00m, together with an 800-metre-long zone of disseminated sulphide mineralisation which was intersected in an underground drive accessed by means of a surface adit (Gallery 47). The underground drives are developed from elevations ranging between 972m amsl-1,340m amsl representing a vertical extent or exposure of 368m.
A spatial analysis of the vein system, areas of intense silicification and occurrences of disseminated mineralisation may indicate the possible presence of a porphyry copper type mineralising system together with mineralised veins containing gold, silver, molybdenum, lead and zinc.
Porphyry style copper mineralisation appears to be associated with the vein systems, and with areas of intensely silicified sandstones with disseminated sulphide impregnations. Initial estimates, by the Romanian state exploration company IPEG Cluj, related to the porphyry style mineralisation, have indicated an exploration target (non-JORC compliant) of up to 3,000Mt of ore to a depth of 600m, at grades ranging from 0.4% copper (“Cu”) and 0.3g/t gold (“Au”) up to 0.8% Cu and 0.5g/t Au. The exploration team surmised that at a 10% conversion ratio from exploration target to a mineral reserve, the reserves may total 300Mt of ore and place it above the current operations of Cuprumin at Rosia Poieni.
The exploration team surmised that at a 10% conversion ratio from exploration target to a mineral reserve, the reserves may total 300Mt of ore and place it above the current operations of Cuprumin at Rosia Poieni

http://www.vastplc.com/wp-content/uploads/2019/04/zagra-remin-presentation-2019-.pptx

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