The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
0.7 now paid
Now blue
A 15.25 million trade is showing at 80.62
It is slightly up at the moment
0.5 billion shared now been traded
Now up 44 per cent
0.73 now being paid
Now up over 30 per cent
Volume over 200 million
Now 0.584
0.577 now being paid
120 million now and mostly buys
40 million shares traded in first 4 mins and most look like buys
Correction 5.53 percent
They have 5.3 per cent
Vast Resources plc
('Vast' or the 'Company')
Major Institutional Shareholder TR-1 Disclosure
Vast Resources plc, the AIM-listed mining company, is pleased to announce that Capstone Investment Advisors LLC, a global alternative asset management firm, ("Capstone") has submitted a TR-1 disclosure, included below, representing the first major institutional shareholder of the Company in recent years.
Andrew Hall, Chief Commercial Officer, Vast Resources PLC, Commented:
"Capstone's notification is a step forward in developing an institutional shareholder base in the Company, which we hope will build on the ongoing support from our existing shareholders."
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and
to the FCA in Microsoft Word format if possible) (i)
Just been a 15.3 million share buy
And another placing
Vast' or the 'Company')
Baita Plai Q1 Production Report and Update
Tajikistan Update
Settlement Update
Vast Resources plc, the AIM-listed mining company, is pleased to announce updates on Baita Plai Polymetallic Mine ('Baita Plai') (including the Q1 production report), on the Takob mine in Tajikistan, and on the settlement of the historic claim in Zimbabwe.
Highlights:
-- Baita Plai
-- Tonnes mined in Q1 increased by 20% despite January and February
being short months of production.
-- Positive results from new drilling campaign indicate extension of
the skarn at depth.
-- Tajikistan
-- Commercial production of CaF has exceeded the minimum target thus
fulfilling Takob contract performance condition.
-- Pb/Zn commercial production at target grade has commenced. First
commercial quantities are targeted for shipment in May. As
announced on 3 May 2022 Vast will receive a participation
equivalent to a 12.25 percent royalty overall sales of non-ferrous
concentrate and any other metals produced from the Takob
Processing Project.
-- Zimbabwe
-- Closure of the settlement process in Zimbabwe expected towards the
end of April or first half of May.
Baita Plai Production:
Production continued during the New Year period with minimal down time at the mine as the mine management and staff target reaching operational breakeven, and, by June 2023, name plate capacity of 14,000 tonnes per month.
Lower grades in the mine were encountered in March, partly as a result of intense development work in Level 17 and Level 18, and partly because of restriction of access to higher grade ore caused -- following the new drilling results (see below) -- by the development of the incline into
the lower levels and preparation for drilling in Level 19. Had that not occurred, the Company is confident the mine could have reached operational breakeven in March.
Below are the production results for Q1 2023 together with comparisons for previous quarters. The reduction in concentrates sold is due to timing differences.
KN780578562GB