Vast Resources plc Appointment Of Chief Financial Officer

 
TIDMVAST 
 
 
   Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 
 
   26 September 2016 
 
   Vast Resources plc 
 
   ("Vast" or the "Company") 
 
   Appointment of Chief Financial Officer 
 
   Vast Resources plc, the AIM-listed mining company with operations in 
Romania and Zimbabwe, is pleased to announce the appointment of Carl 
Kindinger as Chief Financial Officer (non-board).  With proven 
experience working with AIM quoted companies in the natural resources 
sector, Mr Kindinger brings a wealth of experience to support Vast in 
the development of its mining operations in Romania and Zimbabwe. 
 
   Mr Kindinger has held senior financial, managerial and board level posts 
for over 25 years in small to mid-sized companies internationally, 
including AIM quoted resources entities Island Oil and Gas Plc and 
Fastnet Oil and Gas Plc. He has significant transactional experience, 
including fund raisings, corporate restructuring, financial controls and 
planning, economic analysis, IFRS reporting, and strategic planning. He 
is an associate member of the UK's Institute of Chartered Management 
Accountants and also holds a degree in Economics and an M.B.A. 
 
   Roy Pitchford, Chief Executive of Vast, commented: 
 
   "We are delighted to welcome Carl to the Company.  Having worked in the 
resource space for over 25 years and with proven experience in realising 
value within AIM stocks, we are confident that Carl brings with him the 
requisite skill set to support Vast and our active growth plans as we 
look to increase production and ultimately profitability at our two 
operational mines.  Our Pickstone-Peerless gold mine in Zimbabwe is now 
producing at a steady state, consistently processing 20,000 tonnes per 
month, and work to improve operational efficiencies at our Manaila 
Polymetallic Mine in Romania is showing excellent results.  We are now 
producing a quality copper concentrate and work is underway to 
commission a second float line to produce a separate zinc concentrate, 
which will in turn create a new revenue stream.  With production ramping 
up and further exciting developments in the pipeline, including the 
planned publication of a JORC Compliant Resource Estimate at Manaila, we 
look forward to working with Carl to deliver on these milestone 
objectives." 
 
   **ENDS** 
 
   For further information, visit www.vastresourcesplc.com or please 
contact: 
 
 
 
 
Vast Resources plc 
 Roy Pitchford (Chief Executive Officer)                 [phone] - Office Romania 
                                                         [phone] - Mobile Romania 
                                                         [phone] - Mobile UK 
Strand Hanson Limited - Financial & Nominated Adviser  www.strandhanson.co.uk 
 James Spinney                                          [phone] 
 James Bellman 
Brandon Hill Capital Ltd - Joint Broker                www.brandonhillcapital.com 
 Jonathan Evans                                         [phone] 
Peterhouse Corporate Finance Ltd - Joint Broker        www.pcorpfin.com 
 Duncan Vasey                                           [phone] 
St Brides Partners Ltd                                 www.stbridespartners.co.uk 
 Susie Geliher                                          [phone] 
 Charlotte Page 
 
 
   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"). 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Vast Resources plc via Globenewswire 
 
 
  http://www.acrplc.com/ 
 

(END) Dow Jones Newswires

September 26, 2016 07:15 ET (11:15 GMT)

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