Vast Resources plc Chiadzwa Community Diamond Project

 
TIDMVAST 
 
 
   Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 
 
   11 October 2019 
 
   Vast Resources plc 
 
   ("Vast" or the "Company") 
 
   Chiadzwa Community Diamond Project 
 
   Vast Resources plc, the AIM-listed mining company, is pleased to update 
the market on progress of the Chiadzwa Community Diamond Project. 
 
   The Company notes the recent comments in a number of online news sites 
as a result of the press conference held by the Hon. Minister W Chitando 
at the Zimbabwe Ministry of Mines and Mining Development relating to the 
current status of the signing of the Agreements between its Zimbabwean 
subsidiary company Katanga Mining (Pvt) Ltd -- (which is jointly owned 
with Chiadzwa Mineral Resources (Pvt) Ltd) -- and Zimbabwe Consolidated 
Diamond Company (Pvt) Ltd ('ZCDC'). 
 
   The Company continues to work closely with the Zimbabwean Ministry of 
Mines and Mining Development, ZCDC and the Chiadzwa Community and wishes 
to confirm that it has received confirmation of the signing during the 
course of next week. 
 
   **ENDS** 
 
   For further information, visit www.vastplc.com or please contact: 
 
 
 
 
Vast Resources plc               www.vastplc.com 
 Andrew Prelea (Chief Executive   [phone] 
 Officer) 
 Andrew Hall 
Beaumont Cornish - Financial &   www.beaumontcornish.com 
 Nominated Adviser                [phone] 
 Roland Cornish 
 James Biddle 
SP Angel Corporate Finance LLP   www.spangel.co.uk 
 -- Broker                        [phone] 
 Richard Morrison 
 Caroline Rowe 
Blytheweigh                      www.blytheweigh.com 
 Tim Blythe                       [phone] 
 Megan Ray 
 
 
   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"). 
 
   ABOUT VAST RESOURCES PLC 
 
   Vast Resources plc, is an AIM listed mining company with mines in 
Romania and Zimbabwe focused on the rapid advancement of high quality 
brownfield projects by recommencing production at previously producing 
mines in Romania and commencement of the joint venture mining agreement 
on the Community Concession Block of the Chiadzwa Diamond Fields in 
Zimbabwe. 
 
   The Company's portfolio includes an 80% interest in the Baita Plai 
Polymetallic Mine in Romania, where work is currently underway towards 
developing and recommissioning the mine on completion of funding and the 
commencement of the of the Community Concession Block in Chiadzwa, 
Zimbabwe 
 
   Vast Resources owns the Manaila Polymetallic Mine in Romania, which was 
commissioned in 2015, currently on care and maintenance, and is focused 
on its expansion through the development of a second open pit operation 
and new metallurgical complex at the Carlibaba Extension Area. 
 
   Attachment 
 
 
   -- Chiadzwa Community Diamond Project 
      https://ml-eu.globenewswire.com/Resource/Download/19388323-a53c-4727-aacf-0941dbcbd310 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

October 11, 2019 05:28 ET (09:28 GMT)

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