Vast Resources plc Marange Diamond Field Exploration: Status
15 December 2018 - 2:30AM
UK Regulatory
TIDMVAST
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
14 December 2018
Vast Resources plc
("Vast" or the "Company")
Marange Diamond Field exploration: Status
In line with its regulatory obligation Vast Resources plc, the AIM
listed mining company with operating mines in Romania and Zimbabwe,
having noted reports in the press that the Minister of Mines has stated
that Vast will be allowed to explore for diamonds in Zimbabwe, wishes to
make it clear that it has received no official notification of this
position.
The Company will update the market as soon as it receives official
notification.
**ENDS**
For further information, visit www.vastresourcesplc.com or please
contact:
Vast Resources plc www.vastresourcesplc.com
Andrew Prelea (Chief Executive Officer) +44 (0) 20 7236 1177
Beaumont Cornish - Financial & Nominated Adviser www.beaumontcornish.com
Roland Cornish +44 (0) 020 7628 3396
James Biddle
Brandon Hill Capital Ltd -- Joint Broker www.brandonhillcapital.com
Jonathan Evans +44 (0) 20 3463 5016
SVS Securities Plc -- Joint Broker www.svssecurities.com
Tom Curran +44 (0) 20 3700 0100
Ben Tadd
St Brides Partners Ltd www.stbridespartners.co.uk
Susie Geliher +44 (0) 20 7236 1177
Juliet Earl
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").
Notes
Vast Resources plc is an AIM listed mining and resource development
company focussed on the rapid advancement of high-quality brownfield
projects and recommencing production at previously producing mines in
Romania and Zimbabwe.
Vast Resources currently owns and operates the Manaila Polymetallic Mine
in Romania, which was commissioned in 2015, and is focussed on its
expansion through the development of a second open pit operation and new
metallurgical complex at the Carlibaba Extension Area. The Company's
Romanian portfolio also includes interests in two brownfield development
projects; the Baita Plai Polymetallic Mine (80% interest), which has a
reported 1,800,000-tonne
copper-silver-zinc-lead-gold-tungsten-molybdenum ore body at 6% copper
equivalent (Russian Reserves and Resources Reporting System) within the
mining licence area; and the Blueberry Project (29.41% interest), a
7.285km(2) brownfield area of prospectivity in the Golden Quadrilateral
of Romania located in the immediate vicinity of the now closed Baia de
Aries mine.
The Company also has interests in a number of projects in Zimbabwe
including a controlling 25 per cent. interest in the producing
Pickstone-Peerless Gold Mine, a 23.75% economic interest in the Eureka
Gold Mine, and an 86.67% interest in a SPV which has a due diligence
access agreement and pre-agreed joint venture terms on a diamond
concession within the Marange Diamond Fields, widely considered to be
one of the richest sources of alluvial diamonds globally.
(END) Dow Jones Newswires
December 14, 2018 10:30 ET (15:30 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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