Could AP have a triple whammy coming ?27 Mar 2023 13:11
BP appears to be getting to nameplate/profit levels, Diamonds being returned
and with it should come, a return to Diamond mining for more Vast returns.
But, lets not forget , the new entry into Tajikistan, as posted in UK Investor , it
also has a lot going for it.
Tajikistan Open Joint Stock Company “TALCO” is the owner of Takob which owns the operating
Takob fluoride and galena mine in Tajikistan and produces the fluoride concentrate which is sold
to TALCO’s chemical division for the production of essential raw materials for primary aluminium
production.
The mine reported in the past that it contains 30g/t silver and 1-2g/t gold in situ and according to
the deal, the mine will have an output of 7,000 tonnes of ore per month with a minimum of
1.5-2% lead, 1.2-1.4% zinc, and 27% fluoride, along with a supply of two months worth of output
on-site.
The terms of the deal also state that CAMM will manage and execute the project and supply
the equipment, technology, and technical experience to update and optimise the mine’s
processing facility for which CAMM has acquired funding. In return, CAMM will receive 50%
of net revenue from the sale of non-ferrous concentrate and precious metals.
Vast Resources will also earn a 12.25% royalty on all sales of the non-ferrous concentrate and
any other metals generated for its participation in the collective group, in addition to the fees
payable under the services agreement with CAMM.
Vast Resources has a 49% of the 50% stake in Central Asia Minerals and Metals Ore Trading (CAMM)
which already holds a relationship with Takob, and Vast has an effective indirect interest in the
Takob Project of 24.5%.
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