Last checked at 13 Jun 2022 07:00
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
13 June 2022
Vast Resources plc
("Vast" or the "Company")
Presentation and Q&A Session
Vast Resources plc, the AIM-listed producing mining company, is pleased to announce that the Company Update and Q&A session which was recently delivered via the Investor Meet Company platform is now available to download from the Company's website at https://www.vastplc.com/investor-information/document-downloads/.
The Company would also like to advise shareholders that it has uploaded a presentation on Open Joint Stock Company "TALCO", which wholly owns Open Joint Stock Company Korkhonai Boygardonii Takob, the Company's joint venture partner in Tajikistan. The Open Joint Stock Company "TALCO" presentation can be found here: https://www.vastplc.com/investor-information/document-downloads/.
The Company would also like to announce that work on the TAKOB plant is progressing and commissioning is underway ahead of commercial processing of the stockpiled ore in early Q3 2022. The Company looks forward to updating the market on progress and the commencement of operations.
**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 Kamran Hussain
| www.axcap247.com +44 (0) 20 3206 0320 |
St Brides Partners Limited Susie Geliher Charlotte Page | 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 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 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 was commissioned in 2015, currently on care and maintenance. The Company has 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.
The Company has also acquired 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 Q2 2022.
In Zimbabwe, the Company is focused on the commencement of the joint venture mining agreement on the Community Diamond Concession, Chiadzwa, in the Marange Diamond Fields.