Vast
Resources plc / Ticker: VAST / Index: AIM / Sector:
Mining
27 November 2024
Vast Resources
plc
('Vast'
or the 'Company')
Notice of Annual General
Meeting
Vast Resources plc, the AIM-listed
mining company, is pleased to announce that the Annual General
Meeting ('AGM') of the Company will be held at the
offices of Shakespeare Martineau LLP, 6th Floor, 60 Gracechurch
Street, London EC3V 0HR at 10:45 on 20 December 2024. A copy of the
Notice of AGM and associated proxy form will be posted to
shareholders today , and copies can be found on the Company's
website at www.vastplc.com.
For
further information, visit www.vastplc.com or please
contact:
|
Vast Resources plc
Andrew Prelea (CEO)
|
www.vastplc.com
+44 (0) 20 7846
0974
|
|
Beaumont Cornish - Financial & Nominated
Advisor
Roland Cornish
James Biddle
|
www.beaumontcornish.com
+44 (0) 20 7628 3396
|
|
Shore Capital Stockbrokers Limited - Joint
Broker
Toby Gibbs / James Thomas (Corporate
Advisory)
|
www.shorecapmarkets.co.uk
+44 (0) 20 7408 4050
|
|
Axis Capital Markets Limited - Joint Broker
Richard
Hutchinson
|
www.axcap247.com
+44
(0) 20 3206 0320
|
|
St
Brides Partners Limited
Susie Geliher
|
www.stbridespartners.co.uk
+44 (0) 20 7236 1177
|
ABOUT VAST RESOURCES PLC
Vast Resources plc is a United
Kingdom AIM listed mining company with mines and projects in
Romania, Tajikistan, and Zimbabwe.
In Romania, the Company is focused
on the rapid advancement of high-quality projects by recommencing
production at previously producing mines.
The Company's Romanian portfolio
includes 100% interest in Vast Baita Plai SA which owns 100% of the
producing Baita Plai Polymetallic Mine, located in the Apuseni
Mountains, Transylvania, an area which hosts Romania's largest
polymetallic mines. The mine has a JORC compliant Reserve &
Resource Report which underpins the initial mine production life of
approximately 3-4 years with an in-situ total mineral resource of
15,695 tonnes copper equivalent with a further 1.8M-3M tonnes
exploration target. The Company is now working on confirming an
enlarged exploration target of up to 5.8M tonnes.
The Company also owns the Manaila
Polymetallic Mine in Romania, which the Company is looking to bring
back into production following a period of care and maintenance.
The Company has also been granted the Manaila Carlibaba Extended
Exploitation Licence that will allow the Company to re-examine the
exploitation of the mineral resources within the larger Manaila
Carlibaba licence area.
Vast has an interest in a joint
venture company which provides exposure to a near term revenue
opportunity from the Takob Mine processing facility in Tajikistan.
The Takob Mine opportunity, which is 100% financed, will provide
Vast with a 12.25 percent royalty over all sales of non-ferrous
concentrate and any other metals produced. Processing of stockpiled
ore on site is expected to commence in mid-2022.
Nominated Adviser Statement
Beaumont Cornish Limited ("Beaumont
Cornish"), is the Company's Nominated Adviser and is authorised and
regulated in the United Kingdom by the Financial Conduct Authority.
Beaumont Cornish's responsibilities as the Company's Nominated
Adviser, including a responsibility to advise and guide the Company
on its responsibilities under the AIM Rules for Companies and AIM
Rules for Nominated Advisers, are owed solely to the London Stock
Exchange. Beaumont Cornish is not acting for and will not be
responsible to any other persons for providing protections afforded
to customers of Beaumont Cornish nor for advising them in relation
to the proposed arrangements described in the announcement or any
matter referred to in it.
