Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
28 July 2022
Vast Resources plc
(‘Vast’ or the ‘Company’)
Takob Processing Project Update
Vast Resources plc, the AIM-listed mining company, is pleased to announce that an official opening ceremony for the Takob joint venture project at the Takob Mine in
As previously announced, Vast will receive a participation equivalent to a 12.25 percent royalty over all sales of non-ferrous concentrate and any other metals produced from the Takob Processing Project. The royalty equivalent revenue from the Takob Processing Project will supplement the Company’s revenue from concentrate sales from Vast’s 100% owned Baita Plai Polymetallic Mine in
The latest photos of the Takob Processing facility with the equipment upgrades will be made available on the Company’s social media platforms.
For further details on the Takob Processing and the Takob Tailings Projects, see the announcements made on 3 May, 24 May and 30 June 2022 via the Company’s website at www.vastplc.com/news/.
Market Abuse Regulation (MAR) Disclosure
Certain 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 as it forms part of
**ENDS**
For further information, visit www.vastplc.com or please contact:
Vast Resources plc Andrew Prelea (CEO) Andrew Hall (CCO) | www.vastplc.com +44 (0) 20 7846 0974 |
Beaumont Cornish – Financial & Nominated Advisor Roland Cornish James Biddle | www.beaumontcornish.com +44 (0) 20 7628 3396 |
Shore Capital Stockbrokers Limited – Joint Broker Toby Gibbs / James Thomas (Corporate Advisory) | www.shorecapmarkets.co.uk +44 (0) 20 7408 4050 |
Axis Capital Markets Limited – Joint Broker Kamran Hussain | www.axcap247.com +44 (0) 20 3206 0320 |
St Brides Partners Limited Susie Geliher / Charlotte Page | www.stbridespartners.co.uk +44 (0) 20 7236 1177 |
ABOUT VAST RESOURCES PLC
Vast Resources plc is a United Kingdom AIM listed mining company with mines, development projects and mining interests in
In
The Company's Romanian portfolio includes 100% interest in Vast Baita Plai SA’s producing Polymetallic Mine, located in the Apuseni Mountains, Transylvania, an area which hosts
The Company also owns the Manaila Polymetallic Mine in
Vast has an interest in a joint venture company which provides exposure to a near term revenue opportunity from the Takob Mine processing facility in
In