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Pin to quick picksVast Res Regulatory News (VAST)

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Baita Plai Report

14 Jul 2023 17:18

RNS Number : 1325G
Vast Resources PLC
14 July 2023
 

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

 

14 July 2023

Vast Resources plc

('Vast' or the 'Company')

 

Baita Plai Report

 

Vast Resources plc ('Vast'), the AIM-listed mining company, regrets to announce an accident this afternoon at its Baita Plai Mine as a result of which an employee was fatally injured in a mine transportation incident.

 

Management are investigating the circumstances of the accident independently and jointly with relevant authorities, including the police, and are providing all necessary assistance for the enquiries into this tragic accident.

 

Following a safety stop, production at the mine is expected to resume this evening.

 

Further details will be announced after conclusion of the enquiries.

 

The Directors and Management of Vast express their sincere condolences to the family and colleagues of the deceased and will be providing all necessary support to the family.

 

Andrew Prelea CEO of Vast commented:

"It is with great sadness that we report a fatal accident at our Baita Plai Mine. I join with all my colleagues and fellow directors in expressing our sincere condolences to the family and friends of the deceased."

 

 

**ENDS**

 

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

 

Vast Resources plcAndrew Prelea (CEO)

Andrew Hall (CCO)

 

www.vastplc.com +44 (0) 20 7846 0974

Beaumont Cornish - Financial & Nominated Advisor

Roland Cornish

James Biddle

 

www.beaumontcornish.com

+44 (0) 20 7628 3396

Shore Capital Stockbrokers Limited - Joint Broker

Toby Gibbs / James Thomas (Corporate Advisory)

 

www.shorecapmarkets.co.uk  +44 (0) 20 7408 4050

Axis Capital Markets Limited - Joint Broker Richard Hutchinson

 

www.axcap247.com  +44 (0) 20 3206 0320

St Brides Partners Limited

Susie Geliher

www.stbridespartners.co.uk

+44 (0) 20 7236 1177

 

ABOUT VAST RESOURCES PLC

 

Vast Resources plc is a United Kingdom AIM listed mining company with mines and projects in Romania, Tajikistan, and Zimbabwe.

 

In Romania, the Company is focused on the rapid advancement of high-quality projects by recommencing production at previously producing mines.

 

The Company's Romanian portfolio includes 100% interest in Vast Baita Plai SA which owns 100% of the producing Baita Plai Polymetallic Mine, located in the Apuseni Mountains, Transylvania, an area which hosts Romania's largest polymetallic mines. The mine has a JORC compliant Reserve & Resource Report which underpins the initial mine production life of approximately 3-4 years with an in-situ total mineral resource of 15,695 tonnes copper equivalent with a further 1.8M-3M tonnes exploration target. The Company is now working on confirming an enlarged exploration target of up to 5.8M tonnes.

 

The Company also owns the Manaila Polymetallic Mine in Romania, which the Company is looking to bring back into production following a period of care and maintenance. The Company has also been granted the Manaila Carlibaba Extended Exploitation Licence that will allow the Company to re-examine the exploitation of the mineral resources within the larger Manaila Carlibaba licence area.

 

Vast has an interest in a joint venture company which provides a share of revenue generated from the Takob Mine processing facility in Tajikistan. The Takob Mine opportunity, which is 100% financed, will provide Vast with a 12.25 percent royalty equivalent over all sales of non-ferrous concentrate and any other metals produced.

 

In Zimbabwe, the Company is preparing for the release of its diamonds previously mined by the Company and preparing for their marketing. Upon the finalisation of the process the Company will recommence its focus on the finalisation of the mining agreement on the Community Diamond Concession in the Marange Diamond Fields.

 

 

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END
 
 
MSCQZLFFXDLFBBD
Date   Source Headline
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
12th Apr 20237:05 amGNWPlacing to raise £978,967.40 and Baita Plai Update
12th Apr 20237:00 amGNWBaita Plai Q1 Production Report & Update, Tajikistan Update and Settlement Update
31st Mar 20237:00 amGNWUpdate on announcement of 6 February 2023
28th Mar 20234:35 pmRNSPrice Monitoring Extension
3rd Mar 20237:00 amGNWBoard Update
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6th Feb 202312:00 pmGNWSettlement Discussions Update
6th Feb 20237:00 amGNWPlacing to raise £2,382,500, Baita Plai Update and Director Dealing
3rd Feb 202311:20 amGNWHolding(s) in Company
3rd Feb 20239:00 amRNSPrice Monitoring Extension
2nd Feb 20234:40 pmRNSSecond Price Monitoring Extn
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31st Jan 202310:15 amGNWInterim Results: 1 May 2022 – 31 October 2022
30th Jan 202311:05 amRNSSecond Price Monitoring Extn
30th Jan 202311:00 amRNSPrice Monitoring Extension
23rd Jan 20238:00 amGNWAIM Rule 11 Update
4th Jan 20237:00 amGNWQ4 2022 Baita Plai Production Report
16th Dec 20227:00 amGNWBaita Plai Update
1st Dec 20221:00 pmGNWResults of Annual General Meeting
15th Nov 20227:00 amGNWHolding(s) in Company
14th Nov 20227:00 amGNWBaita Plai Update
8th Nov 20227:00 amGNWNotice of Annual General Meeting
28th Oct 20224:40 pmRNSSecond Price Monitoring Extn
28th Oct 20224:35 pmRNSPrice Monitoring Extension
24th Oct 20222:40 pmGNWResult of General Meeting
21st Oct 20227:00 amGNWQ3 2022 Baita Plai Production Report
7th Oct 202212:00 pmGNWNotice of General Meeting
6th Oct 20227:00 amGNWNew Strategic Offtake Relationship in Tajikistan
26th Sep 20227:00 amGNWPlacing to raise £656,000 and Baita Plai Operational Update
22nd Aug 202211:05 amRNSSecond Price Monitoring Extn
22nd Aug 202211:00 amRNSPrice Monitoring Extension
15th Aug 20228:00 amGNWTakob Processing Project Update
1st Aug 202211:05 amRNSSecond Price Monitoring Extn
1st Aug 202211:00 amRNSPrice Monitoring Extension
1st Aug 20227:00 amGNWBaita Plai Operational Update
28th Jul 20227:00 amGNWTakob Processing Project Update
25th Jul 20224:41 pmRNSSecond Price Monitoring Extn
25th Jul 20224:36 pmRNSPrice Monitoring Extension
25th Jul 20227:00 amGNWQ2 2022 Baita Plai Production Report
18th Jul 20224:40 pmRNSSecond Price Monitoring Extn
18th Jul 20224:35 pmRNSPrice Monitoring Extension
18th Jul 20222:06 pmRNSSecond Price Monitoring Extn
18th Jul 20222:00 pmRNSPrice Monitoring Extension

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