REG-Baita Plai Miners Protest <Origin Href="QuoteRef">VAST.L</Origin>

Vast ResourcesAnnouncement

26/08/2015 16:20

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
26 August 2015
Vast Resources plc
("Vast" or "the Company")
Baita Plai Miners Protest
Vast Resources plc, the AIM-listed resource and development company, notes that miners at its 80 per cent owned Baita Plai Polymetallic Mine in Romania have started a sit-in demonstration underground at the mine in strong support of Vast and in protest at the delay in the mining licence being transferred from the state owned company Baita SA to Vast's Romanian subsidiary. 
The Company is aware of an English press report which has cited a comment by the Economy Minister of Romania, Mihai Tudose, stating that authorities were investigating suspected cases of illegal mining at the mine. Vast wishes to state that the English translation of what was said by the Economy Minister is inaccurate and highly misleading and wishes to make clear that, whilst other mining operations continue to be undertaken within the larger perimeter, these are in no way connected either with Vast or with the Baita Plai Polymetallic Mine. Vast has to date not carried out any mining activity at the Baita Plai Polymetallic Mine as it awaits the transfer of the mining licence to it. 
Vast remains confident that the mining licence will be transferred and continues to develop its Manaila Polymetallic Mine in Romania and Pickstone-Peerless Gold Mine in Zimbabwe in conjunction with the Baita Plai Polymetallic Mine, all of which offer near term revenue potential. 
** ENDS **
For further information visit www.vastresourcesplc.com or please contact:


Vast Resources plc
Roy Tucker (Finance Director)

 

 

 +44 (0) 1622 816918
+44 (0) 7920 189012 
 

 Roy Pitchford (Chief Executive Officer) 
 

 +263 (0) 7721 69833
+40 (0) 7411 11900 
+44 (0) 7793 909985 


Strand Hanson Limited - Financial & Nominated Adviser
James Spinney
James Bellman  


www.strandhanson.co.uk
+44 (0) 20 7409 3494 


Daniel Stewart and Company plc - Joint Broker
Martin Lampshire
David Coffman  


www.danielstewart.co.uk
+44 (0) 20 7776 6550 


Dowgate Capital Stockbrokers Ltd - Joint Broker
Jason Robertson
Neil Badger   


www.dowgatecapitalstockbrokers.co.uk
+44 (0)1293 517744



St Brides Partners Ltd
Charlotte Heap
Hugo de Salis 


www.stbridespartners.co.uk
+44 (0) 20 7236 1177 


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Source: Vast Resources plc via Globenewswire
HUG#1947726