VAST Vast Resources Plc

 
TIDMVAST 
 
 
   Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 
 
   22 October 2019 
 
   Vast Resources plc 
 
   ("Vast" or the "Company") 
 
   Update 
 
   Vast Resources plc, the AIM-listed mining company, notes that both the 
agreement on the Chiadzwa Community diamond project with Katanga Mining 
(Pvt) Ltd, ZCDC and the expected finance facility for US$13,500,000 
(net) were not signed last week as anticipated. 
 
   The delay in signing the diamond agreement is purely a matter of 
availability due to international travel commitments of the relevant 
stakeholders.  Discussions in line with previous expectations, save on 
timing, continue with both parties and the Company looks forward to 
updating the market as and when there is anything further to report. 
 
   **ENDS** 
 
   For further information, visit www.vastplc.com or please contact: 
 
 
 
 
Vast Resources plc               www.vastplc.com 
 Andrew Prelea (Chief Executive   +44 (0) 1491 615 232 
 Officer) 
 Andrew Hall 
Beaumont Cornish - Financial &   www.beaumontcornish.com 
 Nominated Adviser                +44 (0) 020 7628 3396 
 Roland Cornish 
 James Biddle 
SP Angel Corporate Finance LLP   www.spangel.co.uk 
 -- Broker                        +44 (0) 20 3470 0470 
 Richard Morrison 
 Caroline Rowe 
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 an AIM listed mining company with mines in 
Romania and Zimbabwe focused on the rapid advancement of high quality 
brownfield projects by recommencing production at previously producing 
mines in Romania and commencement of the joint venture mining agreement 
on the 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 currently underway towards 
developing and recommissioning the mine on completion of funding and the 
commencement of the of 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, and is focused 
on its expansion through the development of a second open pit operation 
and new metallurgical complex at the Carlibaba Extension Area. 
 
   Attachment 
 
 
   -- Update 
      https://ml-eu.globenewswire.com/Resource/Download/e80f038d-e736-4da6-bb15-821d4598bf31 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

October 22, 2019 09:26 ET (13:26 GMT)

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