Vast Resources plc/ Ticker: VAST/ Index: AIM/ Sector: Mining. Atlas Special Opportunities LLC Interest Payment Election. Vast Resources plc, the AIM-listed mining company, announces that the Company has elected to pay the interest of $29,591.45 due on 29 July 2020 on the $7,101,947 Bond issued to Atlas announced on 31 January 2020 by the issue of 10,936,641 shares...
Vast Resources plc/ Ticker: VAST/ Index: AIM/ Sector: Mining. 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”.
Vast Resources plc/ Ticker: VAST/ Index: AIM/ Sector: Mining. Exercise of Warrants and Issue of Equity. Each Open Offer Warrant entitles the holder to one ordinary share of 0.1 pence each in the Company at a price of 0.5 pence per Ordinary Share.
Vast Resources plc, the AIM-listed mining company, is pleased to update the market on progress at its Baita Plai Polymetallic Mine“ Baita Plai” in Romania. 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...
Vast Resources plc/ Ticker: VAST/ Index: AIM/ Sector: Mining. Exercise of Warrants and Issue of Equity. Each Open Offer Warrant entitles the holder to one ordinary share of 0.1 pence each in the Company at a price of 0.5 pence per Ordinary Share.
Vast Resources* (#VAST LN) 0.21p, Mkt Cap £23.3m – Carlibaba licence granted The company reports that it has been granted an exploitation licence for the Carlibaba area adjacent to its Manaila polymetallic mine in Romania. Granting the additional licence is expected to allow Vast Resources ʺto re-examine the exploitation of the mineral resources within the larger Manaila Carlibaba licence area.ʺ The company reports that ʺThe Manaila Carlibaba exploitation perimeter contains a JORC 2012 compliant Measured and Indicated Mineral Resource of 3.6Mt grading 0.93% copper, 0.29% lead, 0.63% zinc, 0.23g/t gold and 24.9g/t silver with Inferred Mineral Resources of 1.0Mt grading 1.10% copper, 0.40% lead, 0.84% zinc, 0.24g/r gold and 29.2g/t silver.ʺ The additional licence expand the compnay’s ground position by over four times to 183.6 hectares which ʺcould allow for a larger mining and processing facility to be developed on site and would eliminate the need for costly road transport of mined ore to the current processing facility located at Iacobeni, approximately 30 kilometers awayʺ. The company explains that preliminary studies have indicated that the larger licence area might support a 125m deep open-pit mine while also allowing the simultaneous development of ʺa smaller higher-grade underground mine below the open pit mineral resourcesʺ. Conclusion: The additional licence area expands the range of development options available to Vast Resources at Manaila / Calibaba with the possibility of a combined open-pit and underground mining operation now under consideration. *SP Angel acts as Broker to Vast Resources
Vast Resources plc/ Ticker: VAST/ Index: AIM/ Sector: Mining. Vast Resources plc, the AIM-listed mining company, is pleased to update the market on progress at its Manaila Polymetallic Mine and the adjacent Manaila Carlibaba Extension Project in Romania“ Manaila”. The Company can confirm it has now been granted the Manaila Carlibaba Exploitation License which will...
Vast Resources plc/ Ticker: VAST/ Index: AIM/ Sector: Mining. Atlas Special Opportunities LLC Interest Payment Election. Vast Resources plc, the AIM-listed mining company, announces that the Company has elected to pay the interest of $29,591.45 due on 29 June 2020 on the $7,101,947 Bond issued to Atlas announced on 31 January 2020 by the issue of 13,915,053 shares...
Vast Resources plc/ Ticker: VAST/ Index: AIM/ Sector: Mining. Atlas Special Opportunities LLC Interest Payment Election. Vast Resources plc, the AIM-listed mining company, announces that the Company has elected to pay the interest of $29,591.45 due on 29 June 2020 on the $7,101,947 Bond issued to Atlas announced on 31 January 2020 by the issue of 13,915,053 shares...
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...
Vast Resources plc/ Ticker: VAST/ Index: AIM/ Sector: Mining. Subscription to raise £109,800 before costs. 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...
Vast Resources 0.1975p £22.3m (VAST.L) Vast has raised £1.5m at 0.18m. The cash raised from the Placing together with further subscription proceeds as referred to above will provide funds to cash settle the liability to Atlas Capital Markets at the end of July or during August 2020, should Atlas decide to exercise its conversion rights prior to the Company finalising the refinancing announced on 15 May 2020. At current share prices, the necessary sum to achieve this is estimated by the Directors to be of the order of US$780,000 As announced on 24 October 2019 under the Atlas Bond Issue Deed there is a six months non-conversion period from the drawdown date (30 January 2020) after which Atlas may convert up to 10% of the par value of the Bond each month. In addition, the funds being raised will provide the Company with funding for the first month’s production at the Baita Plai Polymetallic Mine until the first sale of concentrate expected in late August, together with some further general working capital. #VAST
Vast Resources* (#VAST LN) 0.2p, Mkt Cap £24m – £1.5m fundraising The company reports that it has raised £1,486,900 through placing approximately 826m new shares at a price of 0.18p/share. The proceeds are to be used to fund ʺthe first month’s production at the Baita Plai Polymetallic Mine until the first sale of concentrate expected in late August, together with some further general working capitalʺ. CEO, Andrew Prelea, confirmed that work at Baita Plai was on schedule saying that ʺWe are happy that the final stages of development at Baita Plai are proceeding on time and as planned and expect that the funds raised today will take us through to the anticipated date when we can achieve cash flow through the sale of concentrateʺ. Conclusion: Vast Resources has raised around £1.5m in order to fund the BAita Plai mine through to its first concentrate sales in late August. *SP Angel acts as Broker to Vast Resources
Vast Resources plc/ Ticker: VAST/ Index: AIM/ Sector: Mining. 22 June 2020 Vast Resources plc. At current share prices, the necessary sum to achieve this is estimated by the Directors to be of the order of US $780,000 As announced on 24 October 2019 under the Atlas Bond Issue Deed there is a six months non-conversion period from the drawdown date after which Atlas may...
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Company Profile

Vast Resources has transitioned from an exploration company to a mining company, with a portfolio of high quality assets. In the short-term, the Company is focused on optimising mining operations at the Manaila Polymetallic Mine in Romania and exploring and developing the proximal area with the objective of establishing a multi-pit mining operation and new metallurgical processing complex. In addition, the Company intends to commission the Baita Plai Polymetallic Mine, also in Romania, once the relevant approvals are granted. The Board sees that the Manaila and Baita Plai mines will serve as a test case for future developments in Romania, which includes pursuing the Company’s relationship with Remin SA., amongst other interesting prospects. Additionally, the Company intends to retain its interest in certain interests in Zimbabwe, including its current controlling 25% interest in the Pickstone-Peerless Gold Mine, which was commissioned in 2015, and the proximal Giant Gold Mine Project, where recommencement of operations is now being evaluated. Vast continues to actively manage its Zimbabwean gold portfolio and intends to retain its controlling interest in the Pickstone-Peerless Gold Mine. The Company also has a pipeline of additional assets at various stages in the development curve, from deposit discovery to previously producing mines; the Board aims to realise these assets within a sensible time frame. In the interim, the Company is committed to keeping a low-cost base and generating revenues.

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