VAST Vast Resources Plc

 
TIDMVAST 
 
 
   Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 
 
   22 October 2020 
 
   Vast Resources plc 
 
   ("Vast" or the "Company") 
 
   Confirmation of Copper Concentrate Production at Baita Plai 
 
   Vast Resources plc, the AIM-listed mining company, is pleased to confirm 
that following the announcement of 7 October 2020 the flotation plant is 
now fully operational and producing concentrate. 
 
   The Company also wishes to update the market that it is on track to 
surpass its initial copper sales delivery target included in the project 
production and associated operational cashflow forecasts announced on 7 
September 2020 and expects to complete the initial production of copper 
concentrate by the end of October 2020, and  deliver between 350-400 
tonnes of copper concentrate to Mercuria as soon as possible thereafter. 
 
   The Company looks forward to updating the market upon successful 
completion of this concentrate sale to Mercuria. 
 
   **ENDS** 
 
   For further information, visit 
https://www.globenewswire.com/Tracker?data=4vs9wug3vRhs8NoDR2HwjIHyt9A91a32sqE7JkRhdokMZt3vU--iDH9XvhXfVOzXHIJ2lSsnEmyQqAlMef1U8A== 
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 Limted                         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 Baita 
Plai Polymetallic Mine. Baita Plai is located in the Apuseni Mountains, 
Transylvania, an area which hosts Romania's largest polymetallic mines. 
Work is now currently underway towards first concentrate production as 
well as efforts in place to establish a maiden Resource under the JORC 
code. 
 
   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 license 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

October 22, 2020 02:00 ET (06:00 GMT)

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