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Vast Resources PLC Ord 0.1P (VAST)

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03-May-2022 11:40 AM

Vast Resources soars on jump in quarterly revenue and higher output

Vast Resources PLC's shares surged on Tuesday after the firm reported that revenue more than tripled in its first quarter on a contribution from Tajikistan and higher production. Shares were up 46% at 0.50 pence each on Tuesday morning in
27-Apr-2021 01:42 PM

Vast Resources updates on Baita Plai as decline project progresses

Vast Resources has announced that the decline project to Level 19 is progressing on schedule and it has commenced mining fresh higher grade ore at its Baita Plai Polymetallic Mine 'Baita Plai' in Romania. This is in accordance with the revised
08-Apr-2021 09:57 AM

Vast Resources appoints underground manager for Baita Plai Polymetallic Mine

Mining firm Vast Resources has appointed Rub?n Fern?ndez as underground mine manager at its Baita Plai Polymetallic Mine in Romania. Rub?n, who starts his role today, is a highly experienced mining professional who has specialised in supervising undergro
10-Dec-2020 07:39 AM

Vast Resources receives cash from first Baita Plai concentrate sale

UK mining company Vast Resources has received cash proceeds from the first commercial sale of concentrate produced at its Baita Plai polymetallic mine in Romania, which are "in accordance with expectations". The AIM-listed producer and developm
29-Oct-2020 08:53 AM

Vast Resources hit by lockdown in Zimbabwe

Mining company Vast Resources reported a loss before tax of $8.3 million for the 12 months to the end of April 2020, amid COVID-19 related lockdowns in its key markets. The result compared to a loss before tax of nearly $10 million in the 13 months to 30
04-May-2020 09:21 AM

Vast Resources says Zimbabwe diamond JV to continue despite Covid-19 disruptions

Vast Resources said it expected its diamond joint venture to be continued, despite disruption caused by the Covid-19 crisis. The company said it was responding to press articles in the Zimbabwean press about the future of the project, which it is develop
02-Jan-2018 02:07 PM

Vast CEO sets out stall for 2018

Vast Resources' new Chief Executive Officer, Andrew Prelea, has set out his strategy for the Romanian and Zimbabwean miner. Highlights: - implement a wide-ranging cost cutting and saving programme at the corporate level - focus on core assets in R
13-Dec-2017 02:35 PM

Vast issues shares

Vast Resources has announced that it issued 123,553 new shares in connection with the exercise of warrants. At 2:35pm: (LON:VAST) Vast Resources PLC share price was +0.01p at 0.6p Story provided by
30-Nov-2017 09:58 AM

Vast Resources eyes second open pit at Manaila

Vast Resources has completed a 2,150m drilling programme at its 100% owned Carlibaba prospect, the proposed location of a second open pit mining operation at the Manaila Polymetallic Mine in Romania. It said the drilling results appear to support the dev
21-Nov-2017 01:53 PM

Vast raises £1m via placing, appoints joint broker

Vast Resources has confirmed that the Company raised £1,000,000 before costs through a placing of 190,476,190 shares of at 0.525p apiece. Vast also said shareholders will be invited to participate on the same terms through a proposed open offer to
26-Oct-2017 09:33 AM

Vast Resources to present at the Shares Spotlight Evening in London on 16 November 2017

Looking for new investment ideas and want to meet senior directors of listed UK companies? Come along and join Shares and AJ Bell Media at one of their evening events in London on Thursday 16 November 2017 and meet Ariana Resources, Phoenix Global Mining
25-Sep-2017 02:59 PM

Vast updates on possible $10m strategic investment

Vast Resources has confirmed that, following discussions with its potential strategic investors, any forthcoming investment will now be solely at project level, on a basis to be agreed. In addition, there is no longer any intention to offer a subscriptio
08-Jun-2017 09:39 AM

Vast Res. says drilling has begun at Carlibaba

Vast Resources said drilling has begun at Carlibaba, the proposed location of a second open pit mining operation at the Manaila Polymetallic Mine in Romania. This supported the company's plans to establish an enlarged Manaila mining complex. Furt
26-May-2017 02:29 PM

Vast updates on financing arrangements with SSCG Africa

Vast Resources has provided an update in respect of the financing arrangement with SSCG Africa under which the Company was to receive gross proceeds of $8m to advance the Company's core activities in Romania. The Company reaffirmed that this compris
08-May-2017 01:01 PM

VAST company secretary retires

VAST Resources has announced that Roy Tucker has retired as Company Secretary with immediate effect and Ben Harber of Shakespeare Martineau LLP has been appointed in his place. As a consequence of Mr. Tucker's retirement, the Company's register
28-Apr-2017 01:58 PM

VAST updates on SSCG strategic investment

VAST Resources has confirmed that, in respect of the $8m SSCG Africa financing arrangement, it expects the relevant approval of the assignment of 49.99% of Vast's loan account with Canape by the Reserve Bank of Zimbabwe to be forthcoming shortly.
25-Apr-2017 01:07 PM

Vast's test production at Manaila mine starts ahead of schedule

Vast Resources has confirmed that gold and silver test production has commenced ahead of schedule at its Manaila Polymetallic Mine in Romania. The Company said this will provide a third revenue stream, in addition to the existing copper and zinc concentr
07-Apr-2017 01:03 PM

Vast updates on SSA financing arrangements

Vast Resources has provided an update regarding its financing arrangements with SSCG Africa (SSA), whereby the transaction completion date has been extended to 28 April to provide sufficient time for all regulatory approvals to be received. The Company s
22-Mar-2017 01:34 PM

Vast acquires remaining shares in Sinarom

Vast Resources has acquired the remaining 49.9% of Sinarom Mining Group, which operates the Manaila Polymetallic Mine in Romania The acquisition from Mr Ni Jin Ming increases Vast's ownership of the producing mine to 100% and follows the settlement
14-Mar-2017 01:45 PM

Vast updates on financing arrangements

Vast Resources has announced that conditions regarding the $8m financing arrangements with SSCG Africa Holdings (SSA), to advance the Company's core activities in Romania, have mostly been met. The only condition now outstanding for the compl
06-Mar-2017 09:10 AM

Vast Res. reports higher metals grades at Faneata

Vast Resources said significantly higher grades of silver, copper, lead and zinc have been confirmed at the 4.6Mt Faneata Tailings Dam, located near the Baita Plai Polymetallic Mine in Romania. This followed analysis of the initial drill work announced N
20-Dec-2016 07:43 AM

Vast Res. swings to H1 pretax profit

Vast Resources has swung to an H1 pretax profit from continuing operations of $265,000, from a year-earlier loss of $3.6m. Revenue was $14.1m, from $1.04m. "As Vast's production profile continues to expand and improve, our investment proposit
02-Nov-2016 07:31 AM

Vast Res. begins Baita Plai tailings dam drilling

Vast Resources said a drilling programme to confirm the mineral resource and provide material for metallurgical testwork has commenced at its Faneata tailings dam located 7km from the Baita Plai Polymetallic Mine in Romania. HIGHLIGHTS: - Drilling comme
25-Oct-2016 07:38 AM

Vast Res. outlines board changes

VAST Resources said that at its AGM on Nov. 16 incumbent chairman William Battershill will be retiring as a director of the company by rotation and will not be offering himself for re-election. Brian Moritz, who was appointed to the Board on Oct. 3 and
05-May-2015 12:22 PM

Vast Resources progresses Pickstone-Peerless

Vast Resources has reported that progress in developing Pickstone-Peerless towards commercial production continues and the Board looks forward to producing maiden revenues from the mine in the latter half of 2015. The company also highlighted that the eq

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