VAST Vast Resources Plc

 
TIDMVAST 
 
 
   Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 
 
   01 April 2020 
 
   Vast Resources plc 
 
   ("Vast" or the "Company") 
 
   Chiadzwa Community Diamond Project Update 
 
   Vast Resources plc, the AIM-listed mining company, notes that its 
announcement of 3 March 2020 confirmed that it had received official 
communication that all internal processes leading to the conclusion to 
the Chiadzwa Community Joint Venture were expected to be finalised 
during March, and the Company's announcement of 23 March 2020 confirmed 
this expectation. 
 
   Following the 23 March 2020 announcement the Zimbabwe Government 
declared a 21 day lockdown in response to the Covid-19 Pandemic 
commencing on 30 March 2020. As a result of this the finalisation 
process was not completed in March, but finalisation remains expected to 
complete shortly. 
 
   Further announcements will be made as the situation develops. 
 
   **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 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. 
 
   Attachment 
 
 
   -- Chiadzwa Community Diamond Project Update 01.04.2020 
      https://ml-eu.globenewswire.com/Resource/Download/8f5efc2a-95fe-47c0-a5c4-81a3cba93d15 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

April 01, 2020 04:02 ET (08:02 GMT)

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