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VAST Vast Resources Plc

0.34
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vast Resources Plc LSE:VAST London Ordinary Share GB00BQ7WTT20 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.34 0.33 0.35 0.34 0.34 0.34 22,645,527 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Nonmtl Minrl Svcs, Ex Fuels 3.72M -10.51M -0.0024 -1.42 14.78M

Vast Resources plc Update On First Sale Of Concentrate At Baita Plai

13/11/2020 11:45am

UK Regulatory


 
TIDMVAST 
 
 
   U Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 
 
   13 November 2020 
 
   Vast Resources plc 
 
   ('Vast' or the 'Company') 
 
   Update on first sale of concentrate at Baita Plai 
 
   Vast Resources plc, the AIM-listed producer & development company, is 
pleased to update the market on progress at its Baita Plai Polymetallic 
Mine ('Baita Plai') in Romania. 
 
   Following the previous announcements made on 22 & 26 October 2020 
regarding the first sale of concentrate to Mercuria, the Company can 
confirm that it has copper concentrate prepared and ready for the first 
commercial delivery to the Port of Constanta in Romania. The Company 
awaits confirmation of the vessel arrival ahead of being able to 
formally announce the completion of the first sale to Mercuria.  The 
Company expects the formal completion of the first sale of concentrate 
to take place the week commencing 16 November 2020 and in the meantime 
the Company will provide footage of the preparations on its social media 
pages. 
 
   The Company continues to produce both ore and concentrate and maintains 
its Q4 2020 production and cashflow forecasts announced on 7 September 
2020. 
 
   **ENDS** 
 
   For further information, visit 
https://www.globenewswire.com/Tracker?data=1JYYHXBDGgTnvXEovCnZoEsk2091yU9bY_ln8zszjHN_p6jraM3UobM2lHEj54uIVmZpaQstzAiDTYY1Heuyhg== 
www.vastplc.com, follow the Company on Twitter @vast_resources and 
LinkedIn, or please contact: 
 
 
 
 
Vast Resources plc                                www.vastplc.com 
 Andrew Prelea - CEO                               +44 (0) 20 7846 0974 
 Andrew Hall 
Beaumont Cornish - Financial & Nominated Adviser  www.beaumontcornish.com 
 Roland Cornish                                    +44 (0) 020 7628 3396 
 James Biddle 
SP Angel Corporate Finance LLP -- Joint Broker    www.spangel.co.uk 
 Richard Morrison                                  +44 (0) 20 3470 0470 
 Caroline Rowe 
Axis Capital Markets Limited -- Joint Broker      www.axcap247.com 
 Richard Hutchison                                 +44 (0) 20 3206 0320 
St Brides Partners Limited                        www.stbridespartners.co.uk 
 Susie Geliher                                     +44 (0) 20 7236 1177 
 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"). 
 
   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 an 80% 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 License 
that will allow the Company to re-examine the exploitation of the 
mineral resources within the larger Manaila Carlibaba licence area. 
 
   In Zimbabwe, the Company is focused on the commencement of the joint 
venture mining agreement on the Chiadzwa Community Concession Block of 
the Chiadzwa Diamond Fields in Zimbabwe. 
 
 
 
 

(END) Dow Jones Newswires

November 13, 2020 06:45 ET (11:45 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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