MOU regarding Aprelevka Gold Mines
07 Dezembro 2023 - 9:30AM
MOU regarding Aprelevka Gold Mines
Vast Resources plc / Ticker: VAST / Index: AIM /
Sector: Mining
7 December 2023
Vast Resources plc(‘Vast’ or the
‘Company’)
MOU regarding Aprelevka Gold
Mines
Vast Resources plc (“Vast”), the AIM-listed
mining company, is pleased to announce that it has agreed an
extension until 15 January 2024 of the time period for completion
of due diligence pursuant to the MOU regarding Aprelevka Gold Mines
that was announced on 19 October 2023.
**ENDS**
For further information, visit www.vastplc.com
or please contact:
| Vast Resources
plcAndrew Prelea (CEO) |
www.vastplc.com |
| Beaumont Cornish
– Financial & Nominated AdvisorRoland CornishJames 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 Richard Hutchinson |
www.axcap247.com +44 (0) 20 3206 0320 |
| St Brides
Partners LimitedSusie Geliher |
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 and projects in Romania,
Tajikistan, and Zimbabwe.
In Romania, the Company is focused on the rapid
advancement of high-quality projects by recommencing production at
previously producing mines.
The Company's Romanian portfolio includes 100%
interest in Vast Baita Plai SA which owns 100% of the producing
Baita Plai Polymetallic Mine, located in the Apuseni Mountains,
Transylvania, an area which hosts Romania's largest polymetallic
mines. The mine has a JORC compliant Reserve & Resource Report
which underpins the initial mine production life of approximately
3-4 years with an in-situ total mineral resource of 15,695 tonnes
copper equivalent with a further 1.8M-3M tonnes exploration target.
The Company is now working on confirming an enlarged exploration
target of up to 5.8M tonnes.
The Company also owns the Manaila Polymetallic
Mine in Romania, which the Company is looking to bring back into
production following a period of care and maintenance. The Company
has also been granted the Manaila Carlibaba Extended Exploitation
Licence that will allow the Company to re-examine the exploitation
of the mineral resources within the larger Manaila Carlibaba
licence area.
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 Tajikistan. The Takob Mine
opportunity, which is 100% financed, will provide Vast with a 12.25
percent royalty on overall sales of non-ferrous concentrate and any
other metals produced.
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