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Pin to quick picksVast Res Regulatory News (VAST)

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Baita Plai Polymetallic Mine Update

24 Jul 2020 07:00

Baita Plai Polymetallic Mine Update

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining

24 July 2020

Vast Resources plc(“Vast” or the “Company”)

Baita Plai Polymetallic Mine Update

Vast Resources plc, the AIM-listed mining company, is pleased to update the market on progress at its Baita Plai Polymetallic Mine in Romania “Baita Plai”.

Final Shipping Update

Following the previous announcement regarding shipping updates made on 13th July 2020, the Company can confirm that the remaining containers of equipment, referred to in previous annoucements, have all arrived on site at Baita Plai.

Metallurgical Test Work Update

Following the previous announcements made on 12th & 15th May 2020 regarding the Baita Plai Metallurgical Test Work, the Company can confirm that the testing of Copper & Zinc has been finalised and the results are encouraging. The testing of the Lead and Molybdenum are ongoing. The Company will receive the Final Metallurgical Report from Grinding Solutions Ltd in August 2020. The Company can also confirm it is now in receipt of the first batch of underground drill hole assays from ALS and the results are equally encouraging. Further batches of data are expected over the coming weeks. The Company will have a complete set of Assay results ready for publication in August 2020.

Commencement of Production Update

The Company can confirm that the commencement of underground production will go ahead, in line with previous annoucements, during the week commencing 27th July 2020. First concentrate will be produced in August 2020 in preparation for sale to Mercuria.

The Company will continue to update shareholders via social media.

**ENDS**

For further information, visit www.vastplc.com or please contact:

Vast Resources plc Andrew Prelea (Chief Executive Officer)Andrew Hall www.vastplc.com +44 (0) 20 7846 0974
Beaumont Cornish - Financial & Nominated Adviser  Roland Cornish James Biddle www.beaumontcornish.com +44 (0) 20 7628 3396
SP Angel Corporate Finance LLP – Joint Broker Richard Morrison Caroline Rowe www.spangel.co.uk  +44 (0) 20 3470 0470
Axis Capital Markets Limited – Joint Broker Richard Hutchison   www.axcap247.com  +44 (0) 20 3206 0320
Blytheweigh Tim Blythe Megan Ray www.blytheweigh.com +44 (0) 20 7138 3204

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (“MAR”).

ABOUT VAST RESOURCES PLC

Vast Resources plc, is a United Kingdom AIM listed mining company with mines and projects in Romania and Zimbabwe - focused on the rapid advancement of high quality projects by recommencing production at previously producing mines in Romania and the commencement of the joint venture mining agreement on the Chiadzwa Community Concession Block of the Chiadzwa Diamond Fields in Zimbabwe.

The Company’s portfolio includes an 80% interest in the Baita Plai Polymetallic Mine in Romania, where work is now currently underway towards developing and recommissioning the mine and the Community Concession Block in Chiadzwa, Zimbabwe.

Vast Resources owns the Manaila Polymetallic Mine in Romania, which was commissioned in 2015, currently on care and maintenance. With the granting of the new extended Manaila/Carlibaba Exploitation License it will allow the Company to re-examine the exploitation of the mineral resources within the larger Carlibaba license area

Attachment

Baita Plai Polymetallic Mine Update
Date   Source Headline
13th Mar 20247:00 amGNWNew Copper Offtake Secured with Trafigura for Baita Plai
29th Feb 202412:32 pmGNWMiscellaneous
20th Feb 20247:00 amGNWHoldings in Company
14th Feb 20247:00 amRNSNotice of GM
7th Feb 20247:00 amRNSBaita Plai Q4 2023 Production Report
31st Jan 20247:00 amGNWInterim Results: 1 May 2023 – 31 October 2023
26th Jan 20242:30 pmGNWHolding(s) in Company
25th Jan 20242:00 pmGNWHolding(s) in Company
23rd Jan 20247:00 amGNWPlacing to raise £1,255,625
22nd Jan 20247:00 amGNWPlatinum Group Metals (PGM) Agreement
16th Jan 202410:05 amRNSCompletion of transaction regarding Aprelevka
15th Jan 20241:30 pmGNWUpdate on Debt Funding
7th Dec 202312:30 pmGNWMOU regarding Aprelevka Gold Mines
4th Dec 202312:00 pmGNWUpdate on Debt Funding
29th Nov 20233:30 pmGNWResults of AGM
28th Nov 20233:00 pmGNWDeath of Director
13th Nov 20238:00 amRNSHolding(s) in Company
6th Nov 202311:00 amGNWNotice of AGM
6th Nov 20237:00 amGNWUpdate on Debt Funding
31st Oct 20237:00 amGNWBaita Plai Q3 2023 Production Report
31st Oct 20237:00 amGNWFinal Results
23rd Oct 20233:47 pmRNSHolding(s) in Company
19th Oct 20237:00 amRNSTajikistan Update
6th Oct 20237:00 amGNWPlacing to raise £1,819,350 and Company Update
4th Oct 20237:00 amGNWUpdate on Debt Funding
3rd Oct 20236:05 pmGNWHolding(s) in Company
2nd Oct 20237:00 amGNWUpdate on Debt Funding
28th Sep 202312:37 pmGNWBaita Plai Update
22nd Sep 20237:00 amGNWBaita Plai Update
18th Sep 20237:00 amGNWCompany Update
1st Sep 202310:00 amGNWUpdate on Debt Funding
7th Aug 20237:00 amGNWCompany Update
2nd Aug 20237:00 amGNWBaita Plai Q2 Production Report
28th Jul 20231:00 pmGNWMajor Institutional Shareholder TR-1 Disclosure
19th Jul 20238:32 amGNWInstitutional Shareholder TR-1 Disclosure
17th Jul 20237:00 amRNSPhase 1 Drill Results at Baita Plai Mine
14th Jul 20235:18 pmRNSBaita Plai Report
7th Jul 20237:00 amGNWPlacing to Raise £1.7m and Company Update
4th Jul 20233:00 pmGNWCompany Update
3rd Jul 20237:00 amGNWCompany Update
26th Jun 20231:30 pmGNWResults of General Meeting
21st Jun 20239:56 amGNWDebt Extension Confirmation
16th Jun 20234:00 pmGNWHolding(s) in Company
16th Jun 20238:30 amGNWInstitutional Investor TR-1 Disclosure
9th Jun 20238:00 amGNWNotice of General Meeting
15th May 20237:00 amGNWCompany Update
4th May 20233:45 pmRNSTotal Voting Rights
24th Apr 20234:14 pmGNWAward of rights under the Company’s Share Appreciation Rights Scheme
20th Apr 20232:30 pmGNWMajor Institutional Shareholder TR-1 Disclosure
14th Apr 20237:00 amGNWMajor Institutional Shareholder TR-1 Disclosure

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