REG-Update on Baita Plai Licence to Mine <Origin Href="QuoteRef">VAST.L</Origin>

Vast ResourcesAnnouncement

30/08/2017 07:15

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

30 August 2017
Vast Resources plc
("Vast" or "the Company")

Update on Baita Plai Licence to Mine

Vast Resources plc, the AIM-listed mining company, is pleased to announce that
the Company's subsidiary, African Consolidated Resources SRL ("AFCR"), has
been selected by Baita SA, the holder of the head-licence at the Baita Plai
Polymetallic Mine in Romania ("Baita Plai"), to be granted the right to mine
polymetallic ore from Baita Plai under mining licence 999/1999.

The Company's subsidiary was chosen to be granted the right to mine at Baita
Plai as part of a competitive selection process, implemented in line with the
previously announced step plan to expedite the grant of the association on the
mining licence 999/1999.

The Company now awaits execution of the final association licence which is
subject to the normal due process which includes a Ministerial Agreement,
regulatory approvals from Romania's National Agency for Mineral Resources
(ANRM) and the final negotiations of the terms and conditions of the
association licence.  These steps are intended to be implemented in the
shortest possible time to allow the Company to commence operations at Baita
Plai before the end of 2017.

Vast will advise the market as soon as the regulatory steps mentioned above
have been completed.

**ENDS**

For further information, visit www.vastresourcesplc.com or please contact:

 Vast Resources plc Roy Pitchford (Chief Executive Officer)                    www.vastresourcesplc.com +44 (0) 20 7236 1177    
 Beaumont Cornish - Financial & Nominated Adviser Roland Cornish James Biddle  www.beaumontcornish.com                          
                                                                               +44 (0) 020 7628 3396                            
 Brandon Hill Capital Ltd - Joint Broker Jonathan Evans                        www.brandonhillcapital.com +44 (0) 20 3463 5016  
 Peterhouse Corporate Finance Ltd - Joint Broker Duncan Vasey                  www.pcorpfin.com +44 (0) 20 7469 0936            
 St Brides Partners Ltd Susie Geliher Charlotte Page                           www.stbridespartners.co.uk                       
                                                                               +44 (0) 20 7236 1177                             

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").
This announcement is distributed by Nasdaq Corporate Solutions on behalf of
Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: Vast Resources plc via Globenewswire