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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 PLC -

Vast Resources PLC (LON:VAST) has revealed that Mark Mabhudhu, executive director of the company’s diamond division, has received an offer to join the government-owned Zimbabwe Consolidated Diamond Company as chief executive officer.

However, Vast has confirmed that its highly skilled geological and technical team remain employed and that it has identified a high level chief operating officer to manage the project. This individual will be engaged upon confirmation of the signing of the joint venture.

Vast has also confirmed that this personnel change in Zimbabwe will not pose any impediment to the finalisation of the anticipated joint venture in respect of the Chiadzwa Community Diamond Concession. they occur.

“Whilst we are of course sad to see Mark Mabhudhu leave Vast Resources PLC, we are extremely excited that we will be able to continue to work with him in his new role within the diamond mining sector in Zimbabwe,” said Vast chief executive Andrew Prelea.

“We are confident that with Mark in his new role, the diamond mining sector in Zimbabwe will be set for a new high.”

Quick facts: Vast Resources PLC

Price: 0.168 GBX

Market: AIM
Market Cap: £22.44 m

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