RCS - Vast Resources PLC - Investor Update and Q&A Session

Vast ResourcesAnnouncement

31/05/2022 07:00

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RNS Number : 3124N  Vast Resources PLC  31 May 2022

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining

 

31 May 2022

Vast Resources plc

("Vast" or the "Company")

 

Investor Update and Q&A Session

 

Vast Resources plc, the AIM-listed producing mining company, is pleased to
announce that Andrew Prelea (CEO) and Andrew Hall (CCO) will provide a live
investor update and Q&A session via the Investor Meet Company platform on
Monday 6 June 2022 at 2:00pm BST.

 

The presentation is open to all existing and potential shareholders. Questions
can be submitted pre-event via your Investor Meet Company dashboard up until
9am the day before the meeting or at any time during the live presentation.

 

Investors can sign up to Investor Meet Company for free and add to meet Vast
via:

 

https://www.investormeetcompany.com/vast-resources-plc/register-investor

 

Investors who already follow Vast on the Investor Meet Company platform will
automatically be invited.

 

**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 & Nominated Advisor      www.beaumontcornish.com (http://www.beaumontcornish.com)

 Roland Cornish                                        +44 (0) 20 7628 3396

 James Biddle

 Shore Capital Stockbrokers Limited  - Joint Broker    www.shorecapmarkets.co.uk

                                                      +44 (0) 20 7408 4050
 Toby Gibbs / James Thomas (Corporate Advisory)

 Axis Capital Markets Limited - Joint Broker           www.axcap247.com
 Kamran Hussain                                         +44 (0) 20 3206 0320

 St Brides Partners Limited                            www.stbridespartners.co.uk (http://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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