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Vast Resources PLC (VAST)

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Monday 23 August, 2021

Vast Resources PLC

Director Appointment

RNS Number : 3916J
Vast Resources PLC
23 August 2021
 

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining

 

23 August 2021

Vast Resources plc

("Vast" or the "Company")

 

Director Appointment

 

Vast Resources plc, the AIM-listed mining company, is pleased to announce the appointment of Mr Nigel Wyatt as an independent Non-Executive Director of the Company with immediate effect.

 

Nigel Wyatt is a chartered engineer, a graduate of the Camborne School of Mines.  He has held senior positions in several mining and engineering companies primarily in Southern Africa.  These include CEO of Chromex Mining Plc, group marketing director of a De Beers subsidiary group supplying specialised, materials, engineering and technology to the mining and industrial sectors, and commercial director of Dunlop Industrial Products (Pty) Ltd, South Africa.  He has wide ranging experience in ore and diamond recovery technologies and the manufacture of electronic sorting equipment.  His experience includes the design and erection of ore sorting and treatment plants.

 

Andrew Prelea, Chief Executive Officer of the Vast Resources plc, commented:

 

"It is with great pleasure we welcome Nigel Wyatt to the Board of Directors as a Non-Executive Director.

 

"Nigel's vast experience in the sector will not only bolster the technical base of the Board in the non-ferrous business activities but will also provide the Board with a broader field of knowledge in the diamond division of the Company."

 

As required under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies, further disclosures on Mr. Wyatt are as follows:

 

Mr Nigel Patrick Gordon Wyatt, aged 74, has held the following directorships and/or partnerships in the past five years:

 

Current directorships and/or partnerships

Past directorships and/or partnerships

Goldplat PLC

Capricorn Resource PLC

Capricorn Coal Ltd

Capricorn Botswana Ltd

 

Mr Wyatt holds no ordinary shares in the Company. 

 

There is no further information on Mr Wyatt required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.

 

**ENDS**

 

For further information, visit www.vastplc.com or please contact:

 

Vast Resources plc
Andrew Prelea (CEO)

Andrew Hall (CCO)

 

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
Jerry Keen (Corporate Broking)

Toby Gibbs / James Thomas (Corporate Advisory)

 

www.shorecapmarkets.co.uk
 +44 (0) 20 7408 4050

Axis Capital Markets Limited - Joint Broker
Richard Hutchison

 

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 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 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 was commissioned in 2015, currently on care and maintenance. The Company has 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.

 

In Zimbabwe, the Company is focused on the commencement of the joint venture mining agreement on the Community Diamond Concession, Chiadzwa, in the Marange Diamond Fields.

 

In Botswana, the Company is focused on finalising the acquisition of the Ghaghoo Diamond Mine, which will be conducted through a joint venture between the Company and Botswana Diamonds plc and will provide the Company with a 90% interest in a high quality and previously producing diamond asset benefiting from world-class infrastructure and capable of generating material revenues in the near term.

 

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