Vast Resources plc Update On Baita Plai Licence To Mine
August 30 2017 - 1:10AM
UK Regulatory
TIDMVAST
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
30 August 2017
Vast Resources plc
("Vast" or "the Company")
Update on Baita Plai Licence to Mine
Vast Resources plc, the AIM-listed mining company, is pleased to
announce that the Company's subsidiary, African Consolidated Resources
SRL ("AFCR"), has been selected by Baita SA, the holder of the
head-licence at the Baita Plai Polymetallic Mine in Romania ("Baita
Plai"), to be granted the right to mine polymetallic ore from Baita Plai
under mining licence 999/1999.
The Company's subsidiary was chosen to be granted the right to mine at
Baita Plai as part of a competitive selection process, implemented in
line with the previously announced step plan to expedite the grant of
the association on the mining licence 999/1999.
The Company now awaits execution of the final association licence which
is subject to the normal due process which includes a Ministerial
Agreement, regulatory approvals from Romania's National Agency for
Mineral Resources (ANRM) and the final negotiations of the terms and
conditions of the association licence. These steps are intended to be
implemented in the shortest possible time to allow the Company to
commence operations at Baita Plai before the end of 2017.
Vast will advise the market as soon as the regulatory steps mentioned
above have been completed.
**ENDS**
For further information, visit www.vastresourcesplc.com or please
contact:
Vast Resources plc www.vastresourcesplc.com
Roy Pitchford (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
Peterhouse Corporate Finance Ltd - Joint Broker www.pcorpfin.com
Duncan Vasey +44 (0) 20 7469 0936
St Brides Partners Ltd www.stbridespartners.co.uk
Susie Geliher +44 (0) 20 7236 1177
Charlotte Page
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").
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Vast Resources plc via Globenewswire
http://www.acrplc.com/
(END) Dow Jones Newswires
August 30, 2017 02:10 ET (06:10 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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