VAST Vast Resources Plc

 
TIDMVAST 
 
 
   Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 
 
   24 July 2020 
 
   Vast Resources plc 
 
   ("Vast" or the "Company") 
 
   Baita Plai Polymetallic Mine Update 
 
   Vast Resources plc, the AIM-listed mining company, is pleased to update 
the market on progress at its Baita Plai Polymetallic Mine in Romania 
"Baita Plai". 
 
   Final Shipping Update 
 
   Following the previous announcement regarding shipping updates made on 
13(th) July 2020, the Company can confirm that the remaining containers 
of equipment, referred to in previous annoucements, have all arrived on 
site at Baita Plai. 
 
   Metallurgical Test Work Update 
 
   Following the previous announcements made on 12(th) & 15(th) May 2020 
regarding the Baita Plai Metallurgical Test Work, the Company can 
confirm that the testing of Copper & Zinc has been finalised and the 
results are encouraging. The testing of the Lead and Molybdenum are 
ongoing. The Company will receive the Final Metallurgical Report from 
Grinding Solutions Ltd in August 2020. 
 
 
 
   The Company can also confirm it is now in receipt of the first batch of 
underground drill hole assays from ALS and the results are equally 
encouraging. Further batches of data are expected over the coming weeks. 
The Company will have a complete set of Assay results ready for 
publication in August 2020. 
 
   Commencement of Production Update 
 
   The Company can confirm that the commencement of underground production 
will go ahead, in line with previous annoucements, during the week 
commencing 27(th) July 2020. First concentrate will be produced in 
August 2020 in preparation for sale to Mercuria. 
 
   The Company will continue to update shareholders via social media. 
 
   **ENDS** 
 
   For further information, visit www.vastplc.com or please contact: 
 
 
 
 
Vast Resources plc               www.vastplc.com 
 Andrew Prelea (Chief Executive   +44 (0) 20 7846 0974 
 Officer) 
 Andrew Hall 
Beaumont Cornish - Financial &   www.beaumontcornish.com 
 Nominated Adviser                +44 (0) 20 7628 3396 
 Roland Cornish 
 James Biddle 
SP Angel Corporate Finance LLP   www.spangel.co.uk 
 -- Joint Broker                  +44 (0) 20 3470 0470 
 Richard Morrison 
 Caroline Rowe 
Axis Capital Markets Limited --  www.axcap247.com 
 Joint Broker                     +44 (0) 20 3206 0320 
 Richard Hutchison 
Blytheweigh                      www.blytheweigh.com 
 Tim Blythe                       +44 (0) 20 7138 3204 
 Megan Ray 
 
 
   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"). 
 
   ABOUT VAST RESOURCES PLC 
 
   Vast Resources plc, is a United Kingdom AIM listed mining company with 
mines and projects in Romania and Zimbabwe - focused on the rapid 
advancement of high quality projects by recommencing production at 
previously producing mines in Romania and the commencement of the joint 
venture mining agreement on the Chiadzwa Community Concession Block of 
the Chiadzwa Diamond Fields in Zimbabwe. 
 
   The Company's portfolio includes an 80% interest in the Baita Plai 
Polymetallic Mine in Romania, where work is now currently underway 
towards developing and recommissioning the mine and the Community 
Concession Block in Chiadzwa, Zimbabwe. 
 
   Vast Resources owns the Manaila Polymetallic Mine in Romania, which was 
commissioned in 2015, currently on care and maintenance. With the 
granting of  the new extended Manaila/Carlibaba Exploitation License it 
will allow the Company to re-examine the exploitation of the mineral 
resources within the larger Carlibaba license area 
 
   Attachment 
 
 
   -- Baita Plai Polymetallic Mine Update 
      https://ml-eu.globenewswire.com/Resource/Download/77419347-839c-40ad-a12d-a32b385a2cbc 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

July 24, 2020 02:00 ET (06:00 GMT)

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