VAST Vast Resources Plc

 
TIDMVAST 
 
 
   Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 
 
   3 March 2020 
 
   Vast Resources plc 
 
   ("Vast" or the "Company") 
 
   Chiadzwa Community Diamond Project Update 
 
   Vast Resources plc, the AIM-listed mining company, is pleased to update 
the market on progress on the anticipated Joint Venture Agreement 
between the Company's majority owned Katanga Mining Pvt Ltd (a joint 
venture company between the Company and the Chiadzwa Community 
Development Trust (CCDT)) and Zimbabwe Consolidated Diamond Company 
(Pvt) Ltd (wholly owned by the Government of Zimbabwe) concerning the 
Chiadzwa Community Diamond Project. 
 
   The Company has received  official communication from the Ministry of 
Mines and Mining Development to the effect that all internal processes 
leading to the conclusion of the Joint Venture are expected to  be 
finalised during the month of March 2020. 
 
   Further details pertaining to this key process will be communicated to 
the market as and when they occur. 
 
   **ENDS** 
 
   For further information, visit www.vastplc.com or please contact: 
 
 
 
 
Vast Resources plc                                www.vastplc.com 
 Andrew Prelea (Chief Executive Officer)           +44 (0) 1491 615 232 
 Andrew Hall 
Beaumont Cornish - Financial & Nominated Adviser  www.beaumontcornish.com 
 Roland Cornish                                    +44 (0) 020 7628 3396 
 James Biddle 
SP Angel Corporate Finance LLP -- Broker          www.spangel.co.uk 
 Richard Morrison                                  +44 (0) 20 3470 0470 
 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 mining and 
exploration interests 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 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. 
 
 
 
 
 
 

(END) Dow Jones Newswires

March 03, 2020 09:19 ET (14:19 GMT)

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