Company
Vast Resources PLC
LON:VAST
Vast Resources plc is an AIM-quoted mining and exploration company dedicated to the discovery, development, and production of precious and base metals. The company has a long-standing presence on the ground in both Romania and in Zimbabwe.
593 stories · page 1 of 6
Archive
Small Cap Feast - Vast Resources and more...
14 November 2022*A corporate client of Hybridan LLP** Arranged by most recent first*** Alphabetically arrangedDish of the dayJoiners:Looking Glass Labs (NFTX) joins the Access Segment of the AQSE Growth Market. The company is engaged in dig
Vast Resources says mid-November concentrate sale from Baita Plai will be largest delivery for a single month
The mining company is planning its next concentrate sale in the first half of December
Vast Resources answers investors
The following Q&A was published by Vast Resources via press release.
Vast Resources tops up with £1.46mln placing whilst it advances new opportunities
The company said it is issuing 652mln new shares priced at 0.225p each in the placing arranged by its broker Axis Capital Markets
Vast Resources says sale of concentrate has now been confirmed to be made in October 2022
In an update made on 21 October 2022, Vast had said that the sale of concentrate expected in mid-October would occur in the first week of November
Vast Resources' production increase at the Baita Plai mine in Romania encourages Shore Capital
Vast achieved a 20% increase in overall ore production at Baita Plai during Q3 FY22 compared with Q2 FY22 and more importantly, the analysts said, a 15% rise in copper concentrate produced during the same period
Vast Resources announces 20% overall increase in Q3 production from its Baita Plai Polymetallic Mine
The AIM-listed mining company said September 2022 was the most successful month of underground production at Baita Plai with the mine producing 7,900 tons of ore, accounting for 50% of underground production in Q3 2022
Vast Resources agrees offtake with Trafigura for Takob mine
Vast will receive participation equivalent to a 12.25% royalty over all sales of non-ferrous concentrate
Vast Resources boosts production at Baita Plai, raises £656,000 in additional finance
Vast has a broad portfolio of operations in Romania and in Zimbabwe
Vast Resources set to commence production of molybdenum concentrate at Baita Plai
Vast already has a track record of base metals production in Romania
Vast Resources says Takob tie-up to start processing ore next month
An official opening ceremony for the processing plant will be held on August 15
Vast Resources boosts quarterly production at Baita Plai by 17%
Vast is building up a track record of production in Romania
Vast Resources says close to generating revenue from Takob processing plant in Tajikistan
"I am confident that our activities in Tajikistan will prove to be very rewarding for the company," said chief executive Andrew Prelea
Vast Resources boosts processing capacity at Baita Plai with deployment of second milling circuit
Vast is beginning to build a track record of production in Romania
Vast expects production boost as second Mantis drill rig arrives at Baita Plai mine
Vast is beginning to build up a significant operational track record in Romania
Vast Resources sees significant rise in output at Baita Plai mine from second quarter
Its first Mantis CMR4 production drilling rig successfully completed underground drill testing
Vast Resources signs agreement to process tailings from Takob mine in Tajikistan
The agreement is a separate and additional project to the Takob joint venture project announced by Vast on May 3
Vast Resources confirms delisting of convertible bonds linked to Atlas Special Opportunities
Vast requested the delisting of the Atlas-related bonds from The International Stock Exchange
Vast Resources refinancing is a major catalyst - broker
“We are encouraged by the ongoing mining and development work over the past few month," Shore Capital said.
Vast Resources repays outstanding bonds owed to Atlas Special Opportunities, shares soar
"The successful repayment of Atlas marks a definitive turning point for the company that the board believes should restore fair value in our share price,” said chief executive Andrew Prelea
Archive
East Start Resources wanes as it releases more drilling results
A look at some of the major movers in London on Monday
Archive
Vast Resources has sparkling week after Tajikistan team-up
A look at some of the major movers in London this week
Vast Resources joins new project in Tajikistan
Vast will receive a 12.25% royalty on all sales of non-ferrous concentrate
Vast Resources' progress in Romania encouraging says Shore Cap
External technical consultants have highlighted the potential for molybdenum (Mo) production
Vast Resources raises £420,000 to buy more mechanised equipment for Baita Plai
“The developments at Baita over the past three months have been very encouraging,” said chief executive Andrew Prelea
Vast Resources agrees to longstop date extension on Ghaghoo diamond mine
Vast announced its decision last month not to buy the mine from Botswana Diamonds but said today the parties continue working together to ensure a mutually beneficial outcome
Vast Resources decides against Ghaghoo acquisition
Vast has significant exposure to base metals and diamonds, in Romania and Zimbabwe respectively
Vast Resources issues interims, boosts production rate at Baita Plai, and reschedules debts
Vast has significant base metals assets in Romania
Vast Resources says its confident of a successful outcome to Zimbabwe talks
The company has responded to weekend media reports in Zimbabwe.
Vast Resources announces a new commercial director
Hall will focus on the company’s strategic business initiatives among other things
Vast Resources completes concentrate sale from Baita Plai mine as planned
It plans to release its next quarterly production and sales volume figures in January 2022
Vast Resources answers recent shareholder questions
"The answers to these questions are intended to provide further clarity over and above the information issued in the recent annual report and announcement of 25 October 2021 regarding the company update"
Vast Resources raises £1.35mln in placing
The AIM-listed miner placed 54 million shares at a price of 2.5p each
Vast Resources says Baita Plai production increase delayed but mine on target for profit by end-2021
The AIM-listed mining company stressed that the fundamentals of the mechanised mine plan remain in place and that the ramp up of mining and production continues to advance
Vast Resources looks undervalued compared with peers, says Shore Capital
The broker has calculated a net present value of £78.4mln or 33p per share for both Baita Plai and Manaila production
Vast Resources to assess X-Ray sorting for Manaila project
"It is our preference to secure the required funding via non-equity linked sources"
Vast Resources agrees to buy Ghaghoo diamond mine from Gem Diamonds
Ghaghoo, the first underground diamond mine in Botswana, has been on care and maintenance since March 2017
Archive
Today's Market View - Adriatic Metals, Bluejay Mining, BlueRock Diamonds and more...
BlueRock Diamonds (LON:BRD) 42.5p, Mkt cap £6m – Large 21.56ct diamond of exceptional quality discovered at Kareevlei Diamond Mine BlueRock have recovered a large 21.56ct diamond of exceptional quality at their operations in South Africa Th
Vast Resources restructures convertible bonds issued to Atlas into extended loan
Vast Resources also raised £1.76mln through a placing and a subscription and provided an update on its Baita Plai polymetallic mine
Vast Resources appoints consultancy to verify increased resource at Baita Plai
Wardell Armstrong will work to verify the project's increased JORC resource which is being targeted by an upcoming exploration drilling campaign
Vast Resources concludes collective bargaining agreement with subsidiary employees
The company said negotiations have concluded without interruption to the processing plant and minimal disruption of underground mining activities at its Baita Plai mine in Romania
Vast Resources releases video of Baita Plai operations
Vast has a significant portfolio of assets spread across Romania and Zimbabwe
Vast Resources appoints Nicolae Turdean as Romanian country manager
Vast has a diverse portfolio of projects across Romania, and also in Zimbabwe
Vast Resources makes steady progress mining at Baita Plai
Vast Resources has an attractive portfolio of assets in Romania and Zimbabwe
Vast Resources plans share consolidation, calls general meeting
Vast Resources has producing base metals assets in Romania, and diamond development assets in Zimbabwe
Vast Resources hires experienced processing manager for Baita Plai
Vast Resources has a broad portfolio of assets in Romania and Zimbabwe
Vast Resources appoints new underground mine manager at Baita Plai
Fernández is part of a new full-time management team on site as the company implements a revised mine plan this year
Vast Resources reveals mechanised mine plan for Baita Plai
"The capex required for this process is fully funded from existing resources and we expect to deliver a healthy revenue and cashflow from this asset during the 12 months from 1 April 2021,” said chief executive Andrew Prelea
Vast Resources looks to accelerate mine plan development at Baita Plai
"The next two weeks should be an enormously constructive period for Vast as we physically assemble the key elements responsible for delivering on our revised and upgraded mine plan at Baita Plai," said chief executive Andrew Prelea
Proactive weekly mining round-up: Anglo American, Anglo Pacific Group, Greatland Gold ...
Some of the mining stories out this week in snapshot
Vast Resources updates on developments at Baita Plai, revises mining plan
The company said the revised plan incorporates a move away from the traditional labour-intensive mining methods within the existing plan to a more modern mechanised mining method at the site in Romania
Vast Resources pushes towards production in Romania and Zimbabwe
Vast expects to begin extracting concentrate from Romania's Baita Plai shortly
Vast Resources well placed to tap into EV metal demand after productive first half
Underground drilling is “moving ahead” to determine the further potential of Romania’s Baita Plai polymetallic mine
Vast Resources appoints new general manager at Baita Plai
Marcus Brewster, a senior mining professional with 24 years of open pit and underground experience, will join the company on March 1
Vast Resources updates on restructuring plans
Vast Resources has a diverse portfolio of assets in Romania and Zimbabwe
Vast Resources receives payment for first delivery of concentrate from Baita Plai
The delivery was announced in November and another delivery is expected to be made before the end of this year
Vast Resources to raise £4.8mln in placing as debt financing advances
“The asset-backed debt facility is a key corporate and commercial objective for Vast," said chief executive Andrew Prelea
Vast Resources completes first commercial sale of Baita Plai concentrate
The sale was originally announced on Monday after the company received confirmation from its offtake Mercuria over the weekend
Archive
FTSE 100 finishes comfortably in the green, Dow Jones breaks 30K
The Dow Jones industrial average hit a new intra-day high today
Vast Resources takes ownership of Baita Plai to 100%, following resolution at annual meeting
Vast Resources owns significant assets in Romania and Zimbabwe
Vast Resources will complete first commercial concentrate sale on Wednesday
Vast Resources is also set to deliver significant value from a diamond project in Zimbabwe
Vast Resources on the brink of first concentrate sale
The transaction is expected to formally complete next week.
Vast Resources expands exploration target at Baita Plai
“The significant value potential of Baita Plai continues to reveal itself," said chief executive Andrew Prelea
Vast Resources could be generating more than US$70mln in revenues from Baita Plai and Chiadzwa by 2022
Vast has recently signed a non-conversion agreement with Atlas
Vast Resources publishes JORC resource for Baita Plai
The report provides a solid resource base to underpin a fair market company valuation.
Vast Resources says JORC estimate for Baita Plai will be released this month
The resource estimate will cover the first four years of production
Vast Resources expects resources report for Baita Plai by end of week, raises funds
The company said it has raised £1.7mln in a share placing to replenish its working capital and cover costs until it receives payment from its first copper concentrate sales
Vast Resources confirms flotation plant at its Baita Plai mine is now fully operational and producing concentrate
The AIM-listed company also said that it is on track to surpass its initial copper sales delivery target included in the project production and associated operational cashflow forecasts
Vast Resources confirms production has recommenced at its Baita Plai polymetallic mine, on track to meet October targets
The AIM-listed mining company said that following the recommencement of mining, daily blasting has been implemented on the mineralised horizon of the Antonio skarn between 17 level and 18 level
Vast Resources confirms that personnel changes in Zimbabwe will not affect progress on diamond joint venture
Vast Resources has a diverse portfolio of assets situated in Romania and Zimbabwe
Vast Resources to start new bridge installation at Baita Plai today
The bridge installation will allow the mine to get back on-track, after safety concerns for the old bridge caused a minor delay
Vast Resources raises £1.68mln of equity, moves closer to finalising debt financing
The funds raised will cover costs needed to seal debt financing for the Baita Plai mine
Vast Resources reveals production and cashflow forecasts for Baita Plai
Vast has base and precious metal assets in Romania and Zimbabwe
Archive
Breakfast News - Oriole Resources, Infrastructure India, Falanx and more...
Dish of the day No Joiners Today Off the menu No Leavers Today. Last week there were no Joiners but the following leavers from AIM. Columbus Energy, Safe Harbour Holdings and Cello Health. What’s cooking in the IPO kitchen?
Vast Resources’ metallurgical reports confirms confidence in Baita Plai
“These test results underpin both the near term and the future profitability of the company,” said chief executive Andrew Prelea
Vast Resources confirms highly encouraging underground drill results
Mining operations can restart and underground drilling has yielded encouraging results.
Vast Resources eyes start of underground production at Baita Plai
The last remaining shipments of equipment recently arrived on-site in Romania
Vast Resources receives licence allowing for the considerable expansion of Manaila in Romania
Vast Resources has operations in Romania and in Zimbabwe
Vast Resources tops up fundraising with subscription
The Baita Plai polymetallic mine in Romania is expected to sell its first concentrate in late August
Vast Resources raises £1.49mln
Vast Resources has projects in Romania and Zimbabwe
Vast receives further shipment of equipment for Baita Plai, ahead of production scheduled for July
Vast has extensive operations in Romania and Zimbabwe
Vast Resources showcases progress at Baita Plai mine in Romania.
All essential equipment required to start mining had arrived with further shipments scheduled through June and July
Vast Resources eyes start of production at Baita Plai polymetallic mine
The latest equipment delivery, received over the weekend, means Vast has all essential equipment need to bring the mine into production
Vast Resources raises £900,000 for Baita Plai, following successful metallurgical test results
Vast Resources is pressing ahead with development work at Baita Plai
Vast Resources extremely pleased with initial metallurgical tests on Baita Plai samples
Drilling work is underway and the company expects to report more results in the coming weeks