The latest Investing Matters Podcast episode has just been released with Asif Suria, Founder & Editor of Inside Arbitrage. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVast Res Regulatory News (VAST)

Share Price Information for Vast Res (VAST)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.105
Bid: 0.10
Ask: 0.11
Change: -0.0025 (-2.33%)
Spread: 0.01 (10.00%)
Open: 0.105
High: 0.1075
Low: 0.105
Prev. Close: 0.1075
VAST Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Baita Plai Update

28 Sep 2023 12:37

Baita Plai Update

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

28 September 2023

Vast Resources plc(‘Vast’ or the ‘Company’)

Baita Plai Update

Vast Resources plc, the AIM-listed mining company, is pleased to announce an update on the recent situation at its Baita Plai Polymetallic Mine (‘Baita Plai’) in Romania.

Further to the announcement made on 22 September 2023 regarding the strike action, the Company is pleased to announce that the protest has ended and operations continue as normal at Baita Plai.

**ENDS**

Vast Resources plcAndrew Prelea (CEO)Andrew Hall (CCO)www.vastplc.com+44 (0) 20 7846 0974
Beaumont Cornish – Financial & Nominated AdvisorRoland CornishJames Biddlewww.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 LimitedSusie Geliherwww.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 exposure to a near term revenue opportunity 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 over all sales of non-ferrous concentrate and any other metals produced. Processing of stockpiled ore on site is expected to commence in mid-2022.

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.

Date   Source Headline
18th Sep 20207:31 amGNWBaita Plai Update
10th Sep 202012:30 pmGNWDirector Share Purchase
10th Sep 20207:00 amGNWProgress on asset backed debt financing and Placing to raise £1,683,000 before costs
8th Sep 202010:45 amGNWBaita Plai Update
7th Sep 20207:00 amGNWBaita Plai Project Production and Operational Cash Flow & Baita Plai General Mine Update
1st Sep 20207:00 amGNWAtlas Special Opportunities LLC Interest Payment Election
21st Aug 20202:31 pmGNWPhotographs and Video of Baita Plai Production
17th Aug 20207:00 amGNWFurther Baita Plai Metallurgical Test Work Update
6th Aug 20207:00 amGNWBaita Plai Drilling programme returns highly encouraging results
30th Jul 20207:00 amGNWAtlas Special Opportunities LLC Interest Payment Election
24th Jul 20207:00 amGNWBaita Plai Polymetallic Mine Update
22nd Jul 20205:30 pmGNWExercise of Warrants and Issue of Equity
13th Jul 20207:00 amGNWBaita Plai Project Update
10th Jul 20204:40 pmRNSSecond Price Monitoring Extn
10th Jul 20204:35 pmRNSPrice Monitoring Extension
1st Jul 202011:05 amRNSSecond Price Monitoring Extn
1st Jul 202011:00 amRNSPrice Monitoring Extension
30th Jun 20202:30 pmGNWExercise of Warrants and Issue of Equity
30th Jun 20207:00 amGNWManaila Polymetallic Mine Update
29th Jun 20206:00 pmGNWAtlas Special Opportunities LLC Interest Payment Election
26th Jun 202012:00 pmGNWExtension of Open Offer Warrant Exercise Period
24th Jun 20206:27 pmGNWSubscription to raise £109,800 before costs
22nd Jun 20207:00 amGNWPlacing to raise £1,486,900 before costs
8th Jun 202011:05 amRNSSecond Price Monitoring Extn
8th Jun 202011:00 amRNSPrice Monitoring Extension
8th Jun 20207:00 amRNSBaita Plai Project update
5th Jun 20204:41 pmRNSSecond Price Monitoring Extn
5th Jun 20204:35 pmRNSPrice Monitoring Extension
1st Jun 20201:30 pmRNSAtlas Special Opportunities LLC Interest Payment Election
29th May 20202:45 pmRNSAxis Capital Markets Flash Note
27th May 20207:00 amRNSBaita Plai Project Update
26th May 20207:00 amRNSBaita Plai Project update
18th May 20207:00 amGNWPlacing and Subscription to raise £901,416.66 before costs
15th May 20206:12 pmGNWFurther Baita Plai Metallurgical Test Work Update
12th May 20207:00 amGNWBaita Plai Metallurgical Test Work Update
11th May 20207:00 amGNWBaita Plai Update
5th May 202011:00 amGNWBoard change
5th May 20207:00 amGNWBaita Plai Project update
4th May 20207:00 amGNWResponse to articles published by the Press in Zimbabwe last week
30th Apr 20207:00 amGNWAtlas Special Opportunities LLC Interest Payment Election
27th Apr 20207:00 amGNWBaita Plai Project update
16th Apr 202012:34 pmGNWPlacing to raise £600,000 before costs
1st Apr 20209:02 amGNWChiadzwa Community Diamond Project Update
31st Mar 20202:06 pmRNSSecond Price Monitoring Extn
31st Mar 20202:00 pmRNSPrice Monitoring Extension
31st Mar 202011:05 amRNSSecond Price Monitoring Extn
31st Mar 202011:00 amRNSPrice Monitoring Extension
31st Mar 20207:00 amGNWThe International Stock Exchange Bond Admission
31st Mar 20207:00 amGNWElection to pay in shares 29 March 2020 interest of $29,591.45 due to Atlas Special Opportunities LLC (‘Atlas’)
25th Mar 20204:41 pmRNSSecond Price Monitoring Extn

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.