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Baita Plai Project update

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

27 April 2020


Vast Resources plc
(“Vast” or the “Company”)

Baita Plai Project update

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.

Following the previous announcements regarding shipping updates made on 16th, 18th, 20th & 23rd March and 16th April 2020, the Company can confirm that the first shipment of equipment has arrived at the Port of Constanta in Romania. The equipment, which includes railways tracks and locomotives, is currently being loaded onto trucks for  transport to Baita Plai, which is located circa 500 miles from the Port of Constanta. The shipping schedules of the remaining containers of equipment remain on track. The first two shipments contain the integral equipment required to commence production at Baita Plai.

The Company will keep the market informed as the remaining shipments progress and when the equipment arrives at the mine site over the coming days.

**ENDS**

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

Vast Resources plc
Andrew Prelea (Chief Executive Officer)
Andrew Hall

 

 
www.vastplc.com
+44 (0) 1491 615 232
Beaumont Cornish - Financial & Nominated Adviser 
Roland Cornish 
James Biddle

 
www.beaumontcornish.com
+44 (0) 020 7628 3396
SP Angel Corporate Finance LLP – Joint Broker
Richard Morrison
Caroline Rowe

 
www.spangel.co.uk
 +44 (0) 20 3470 0470

Axis Capital Markets Limited – Joint Broker
Richard Hutchison

 
www.axcap247.com
 +44 (0) 20 3206 0320
Blytheweigh
Tim Blythe
Megan Ray

 
www.blytheweigh.com 
+44 (0) 20 7138 3204

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”).

ABOUT VAST RESOURCES PLC

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 in Zimbabwe.

The Company’s portfolio includes an 80% interest in the Baita Plai Polymetallic Mine in Romania, where work is now currently underway towards developing and recommissioning the mine and the Community Concession Block in Chiadzwa, Zimbabwe.

Vast Resources owns the Manaila Polymetallic Mine in Romania, which was commissioned in 2015, currently on care and maintenance.

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Quick facts: Vast Resources PLC

Price: 0.255

Market: AIM
Market Cap: £31.15 m
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