Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
10 October 2018
Vast Resources plc
(“Vast” or the “Company”)
Approval by ANRM for Baita Plai Association Licence Granted
Vast Resources plc, the AIM listed mining company with operating mines in
Andrew Prelea CEO commented:
“After a long and difficult process, we are delighted to now be in a position to work towards the re-opening of the Baita Plai polymetallic mine.
“This historic event marks the granting of an Association Licence of a polymetallic mine in
“Our patience and determination have won out, and we now look forward to implementing our development strategy to recommence production at Baita Plai in as short timeframe as practicable. We will provide regular updates of the progress of works at this mine, which we believe will transform our overall production profile in
**ENDS**
For further information, visit www.vastresourcesplc.com or please contact:
Vast Resources plc Andrew Prelea (Chief Executive Officer) | www.vastresourcesplc.com +44 (0) 20 7236 1177 |
Beaumont Cornish - Financial & Nominated Adviser Roland Cornish James Biddle | www.beaumontcornish.com +44 (0) 020 7628 3396 |
Brandon Hill Capital Ltd – Joint Broker Jonathan Evans | www.brandonhillcapital.com +44 (0) 20 3463 5016 |
SVS Securities Plc – Joint Broker Tom Curran Ben Tadd | www.svssecurities.com +44 (0) 20 3700 0100 |
St Brides Partners Ltd Susie Geliher Charlotte Page | www.stbridespartners.co.uk +44 (0) 20 7236 1177 |
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”).
Notes
Vast Resources plc is an AIM listed mining and resource development company focussed on the rapid advancement of high-quality brownfield projects and recommencing production at previously producing mines in
Vast has previously reported (see website: http://www.vastresourcesplc.com/operation/baita-plai-polymetallic-mine/) at Baita Plai a 1,800,000-tonne copper-silver-zinc-lead- gold-tungsten-molybdenum ore body at 6% copper equivalent (Russian Reserves and Resources Reporting System) within the mining licence area. This does not accord with an AIM Standard for reporting Minerals Resources and should therefore be treated with caution until the Company is in a position to report AIM compliant resources.
Vast Resources currently owns and operates the Manaila Polymetallic Mine in
The Company also has interests in a number of projects in