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Mining

Vast bolsters board with new finance chief and mining veteran

Vast Resources has bolstered its board with a new finance chief and non-executive director.

---ADDS BROKER COMMENT AND SHARE PRICE---

Vast Resources (LON:VAST) has bolstered its board with a new finance chief and non-executive director.

Pierre Joubert becomes the chief financial officer with immediate effect, while Graham Briggs, formerly chief executive at Harmony Gold, becomes a director.

Accountant Joubert, already a part-time consultant for Vast, spent seven years with Macquarie, mostly with the Macquarie Natural Resources Group in the Far East where he worked on a variety of cross border merger and acquisition transactions and capital raisings.

For eight years Briggs held the position of chief executive and board member at Harmony Gold, which was last year the third largest gold producer in South Africa.

He brings extensive operational experience to the board as it develops its mining properties.

Vast's chief executive, Roy Pitchford, told investors today, "These appointments add greatly to the company's strengths. Graham's extensive mining experience will add substantial weight to the non-executive board and Pierre is a valuable addition to the senior executive team."

House broker Daniel Stewart rates the shares a 'buy' and targets 3.7p.

"We believe the appointment of these two gentlemen will add huge value to Vast Resources."

Shares added 8.33% to 0.975p.

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