VAST Vast Resources Plc

 
TIDMVAST 
 
 
   Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 
 
   4 May 2020 
 
   Vast Resources plc 
 
   ("Vast" or the "Company") 
 
   Response to articles published by the Press in Zimbabwe last week 
 
   Vast Resources plc, the 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 - wishes to comment on the 
articles published in the Zimbabwean online press during the course of 
the week commencing 27 April 2020 by way of providing an update on the 
anticipated Joint Venture between the Company's subsidiary Katanga 
Mining Pvt Ltd and the Zimbabwe Consolidated Diamond Company Pvt Ltd 
(the Joint Venture) in light of the said articles. 
 
   As the Company awaits finalisation of the Joint Venture in the post 
Covid-19 lockdown period, the Company continues to engage with the 
Zimbabwe Government,  which has warmly welcomed the investment, and 
expects the project to play its part and be a contributor to the 
country's economic recovery programme post the pandemic in line with the 
Governments USD 12Bil Mining Road Map. 
 
   Vast Resources PLC and its subsidiaries have, throughout the Joint 
Venture process, maintained constant dialog and interaction with the 
Community and all stakeholders who have formally written to the Company 
maintaining their support. 
 
   The Company continues to act in good faith to the benefit of the 
Republic of Zimbabwe and the entire community, and always in accordance 
with the instructions and direction of the relevant governmental 
authorities. 
 
   The Company has always provided updates to the market based on 
information provided by the relevant Government bodies and backed by 
documentation, the most recent being the announcement made by the 
Company on 3(rd) March 2020. 
 
   The Company remains confident that despite the recent COVID19 lockdown 
and other delays that have arisen in recent months due to matters 
unrelated to the relationship between the Zimbabwean Government and Vast 
Resources PLC, the project will be continued to the benefit of all 
stakeholders 
 
   We look forward to providing further updates as we receive official 
communication from the authorised bodies in Zimbabwe. 
 
   **ENDS** 
 
   For further information, visit www.vastplc.com or please contact: 
 
 
 
 
Vast Resources plc               www.vastplc.com 
 Andrew Prelea (Chief Executive   +44 (0) 207 846 0974 
 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 
 -- 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 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 
 
 
   -- Response to articles published by the Press in Zimbabwe last week 
      https://ml-eu.globenewswire.com/Resource/Download/983be832-0411-4d6c-a7c6-6f064d6f61b5 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

May 04, 2020 02:00 ET (06:00 GMT)

Grafico Azioni Vast Resources (LSE:VAST)
Storico
Da Mar 2024 a Apr 2024

Grafico Azioni Vast Resources (LSE:VAST)
Storico
Da Apr 2023 a Apr 2024