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Vast Resources PLC

Vast Resources PLC - Manaila Extension Drilling Results Update

RNS Number : 2573S
Vast Resources PLC
29 September 2017
 

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining

 

29 September 2017

Vast Resources plc

("Vast" or "the Company")

 

Manaila Extension (Carlibaba) Drilling Results Update

 

Vast Resources plc, the AIM-listed mining company with operations in Romania and Zimbabwe, is pleased to announce that further to the announcement on 8 June 2017, the analysis for the first 1,000m of the 2,200m drilling programme for Carlibaba, the proposed location of a second open pit mining operation at the Manaila Polymetallic Mine in Romania, is completed.

Preliminary results are in line with management expectations however the Company will provide full details in the coming week once the analysis has been reviewed and prepared in a presentation format.

In addition, the Company is pleased to report that progress is being made in the process of agreeing the contractual terms of the association on the licence granting the right to mine polymetallic ore at the Baita Plai mine in Romania ("Baita Plai"), in accordance with previous announcements and further updates will be made as soon as appropriate.

 

**ENDS**

 

 

For further information, visit www.vastresourcesplc.com or please contact:

 

Vast Resources plc
Roy Pitchford (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

Peterhouse Corporate Finance Ltd - Joint Broker 
Duncan Vasey

www.pcorpfin.com

 +44 (0) 20 7469 0936

 

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").


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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