Vast Resources PLC Vast Resources wins "Best Mining Development"
22 10월 2018 - 7:00PM
RNS Non-Regulatory
TIDMVAST
Vast Resources PLC
22 October 2018
Vast Resources plc / Ticker: VAST / Index: AIM / Sector:
Mining
22 October 2018
Vast Resources plc
("Vast" or the "Company")
Vast Resources wins "Best Mining Development"
at the Balkan Enterprise Awards 2018
Vast Resources plc, the AIM-listed mining company with operating
mines in Romania and Zimbabwe, is pleased to announce that it has
been recognised as the winner of the 'Best Mining Development'
category at the Balkan Enterprise Awards 2018 and featured in EU
Business News magazine.
The Balkan Enterprise Awards 2018 recognises all business
sectors, from industry, computer services, accounting, renewable
energy, business communications, financial services and
tourism.
Andrew Prelea CEO commented:
"I am delighted that Vast has been recognised for this award
having developed a strong Romanian identity over the past five
years of the Company operating in the region.
"We have developed a multi-dimensional portfolio in Romania,
currently focussed on two production / pre-production mines, a
development asset and a number of appraisal opportunities. With
these assets at the core of our business, we are focussed on
establishing ourselves as a new mid-tier mining company in the
Balkans region."
**ENDS**
For further information, visit www.vastresourcesplc.com or
please contact:
Vast Resources plc www.vastresourcesplc.com
Andrew Prelea (Chief Executive Officer) +44 (0) 20 7236 1177
Beaumont Cornish - Financial & Nominated Adviser www.beaumontcornish.com
Roland Cornish +44 (0) 020 7628 3396
James Biddle
Brandon Hill Capital Ltd - Joint Broker www.brandonhillcapital.com
Jonathan Evans +44 (0) 20 3463 5016
SVS Securities Plc - Joint Broker www.svssecurities.com
Tom Curran +44 (0) 20 3700 0100
Ben Tadd
St Brides Partners Ltd www.stbridespartners.co.uk
Susie Geliher +44 (0) 20 7236 1177
Juliet Earl
Notes
Vast Resources plc is an AIM listed mining and resource
development company focussed on the rapid advancement of
high-quality brownfield projects and recommencing production at
previously producing mines in Romania and Zimbabwe.
Vast Resources currently owns and operates the Manaila
Polymetallic Mine in Romania, which was commissioned in 2015, and
is focussed on its expansion through the development of a second
open pit operation and new metallurgical complex at the Carlibaba
Extension Area. The Company's Romanian portfolio also includes
interests in two brownfield development projects; the Baita Plai
Polymetallic Mine (80% interest), which has a reported
1,800,000-tonne copper-silver-zinc-lead-gold-tungsten-molybdenum
ore body at 6% copper equivalent (Russian Reserves and Resources
Reporting System) within the mining licence area; and the Blueberry
Project (29.41% interest), a 7.285km(2) brownfield area of
prospectivity in the Golden Quadrilateral of Romania located in the
immediate vicinity of the now closed Baia de Aries mine.
The Company also has interests in a number of projects in
Zimbabwe including a controlling 25 per cent. interest in the
producing Pickstone-Peerless Gold Mine, a 23.75% economic interest
in the Eureka Gold Mine, and an 86.67% interest in a SPV which has
a due diligence access agreement and pre-agreed joint venture terms
on a diamond concession within the Marange Diamond Fields, widely
considered to be one of the richest sources of alluvial diamonds
globally.
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END
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