Vast Resources PLC Presentation and Q&A Session
13 June 2022 - 4:00PM
RNS Non-Regulatory
TIDMVAST
Vast Resources PLC
13 June 2022
Vast Resources plc / Ticker: VAST / Index: AIM / Sector:
Mining
13 June 2022
Vast Resources plc
("Vast" or the "Company")
Presentation and Q&A Session
Vast Resources plc, the AIM-listed producing mining company, is
pleased to announce that the Company Update and Q&A session
which was recently delivered via the Investor Meet Company platform
is now available to download from the Company's website at
https://www.vastplc.com/investor-information/document-downloads/
.
The Company would also like to advise shareholders that it has
uploaded a presentation on Open Joint Stock Company "TALCO", which
wholly owns Open Joint Stock Company Korkhonai Boygardonii Takob,
the Company's joint venture partner in Tajikistan. The Open Joint
Stock Company "TALCO" presentation can be found here:
https://www.vastplc.com/investor-information/document-downloads/
.
The Company would also like to announce that work on the TAKOB
plant is progressing and commissioning is underway ahead of
commercial processing of the stockpiled ore in early Q3 2022. The
Company looks forward to updating the market on progress and the
commencement of operations.
**ENDS**
For further information, visit www.vastplc.com or please
contact:
Vast Resources plc www.vastplc.com
Andrew Prelea (CEO) +44 (0) 20 7846 0974
Andrew Hall (CCO)
Beaumont Cornish - Financial www.beaumontcornish.com
& Nominated Advisor +44 (0) 20 7628 3396
Roland Cornish
James Biddle
Shore Capital Stockbrokers www.shorecapmarkets.co.uk
Limited - Joint Broker +44 (0) 20 7408 4050
Toby Gibbs / James Thomas (Corporate
Advisory)
Axis Capital Markets Limited www.axcap247.com
- Joint Broker +44 (0) 20 3206 0320
Kamran Hussain
St Brides Partners Limited www.stbridespartners.co.uk
Susie Geliher +44 (0) 20 7236 1177
Charlotte Page
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 100% 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 Licence that will allow the Company to re-examine the
exploitation of the mineral resources within the larger Manaila
Carlibaba licence area.
The Company has also acquired an interest in a joint venture
company which provides exposure to a near term revenue opportunity
from the Takob Mine processing facility in Tajikistan. The Takob
Mine opportunity, which is 100% financed, will provide Vast with a
12.25 percent royalty over all sales of non-ferrous concentrate and
any other metals produced. Processing of stockpiled ore on site is
expected to commence in Q2 2022.
In Zimbabwe, the Company is focused on the commencement of the
joint venture mining agreement on the Community Diamond Concession,
Chiadzwa, in the Marange Diamond Fields.
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END
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