Last checked at 29 Sep 2017 11:30
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
29 September 2017
Vast Resources plc
("Vast" or "the Company")
Manaila Extension (Carlibaba) Drilling Results Update
Vast Resources plc, the AIM-listed mining company with operations in Romania and Zimbabwe, is pleased to announce that further to the announcement on 8 June 2017, the analysis for the first 1,000m of the 2,200m drilling programme for Carlibaba, the proposed location of a second open pit mining operation at the Manaila Polymetallic Mine in Romania, is completed.
Preliminary results are in line with management expectations however the Company will provide full details in the coming week once the analysis has been reviewed and prepared in a presentation format.
In addition, the Company is pleased to report that progress is being made in the process of agreeing the contractual terms of the association on the licence granting the right to mine polymetallic ore at the Baita Plai mine in Romania ("Baita Plai"), in accordance with previous announcements and further updates will be made as soon as appropriate.
**ENDS**
For further information, visit www.vastresourcesplc.com or please contact:
Vast Resources plcRoy Pitchford (Chief Executive Officer) | www.vastresourcesplc.com +44 (0) 20 7236 1177
|
Beaumont Cornish - Financial & Nominated Adviser Roland Cornish James Biddle
| www.beaumontcornish.com+44 (0) 020 7628 3396 |
Brandon Hill Capital Ltd - Joint Broker Jonathan Evans
| www.brandonhillcapital.com +44 (0) 20 3463 5016 |
Peterhouse Corporate Finance Ltd - Joint Broker Duncan Vasey | www.pcorpfin.com +44 (0) 20 7469 0936
|
St Brides Partners LtdSusie GeliherCharlotte Page | www.stbridespartners.co.uk +44 (0) 20 7236 1177 |
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").