RCS - Vast Resources PLC - Presentation and Q&A Session

Vast ResourcesAnnouncement

13/06/2022 07:00

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RNS Number : 5621O  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/
(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/
(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 & 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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