Vast Resources hires manager for Baita Plai mine
Adrian Badita starts as general manager at the mine on May 18
Company
Vast Resources PLC
LON:VAST
Vast Resources plc is an AIM-quoted mining and exploration company dedicated to the discovery, development, and production of precious and base metals. The company has a long-standing presence on the ground in both Romania and in Zimbabwe.
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It was a fairly quiet week for London-listed small cap miners
Vast Resources takes delivery of first equipment shipment at Baita Plai
Drilling and metallurgical work continue to deliver positive results
Vast Resources comments on articles published in the Zimbabwean press
Vast Resources has a diverse portfolio of assets in Romania and Zimbabwe
Vast Resources receives first of several scheduled shipments of equipment from China
Vast Resources has projects in Romania and Zimbabwe.
Vast Resources raises £600,000 to bolster working capital
The miner also reconfirmed that equipment shipping from China remained on track and all equipment critical for the start of production at its Baita Plai project was now on the water
Vast Resources says community joint venture agreement at Chiadzwa diamond project will be delayed
Vast Resources has gold and base metals assets in Zimbabwe and Romania
Vast Resources eyes Baita Plai start-up
The company updated on the progress of its key projects.
Vast Resources expects further equipment to depart China next week
Equipment for the Baita Plai polymetallic mine is in the process of being mobilised from China.
Vast Resources confirms equipment shipment has left Chinese port
The shipment is anticipated to reach a Romanian port by 23 April, and, more shipments of equipment are expected later this week.
Vast Resources responds to coronavirus in Romania, attempting to ensure “minimal disruption”
Vast Resources is operating in Romania and in Zimbabwe
Vast Resources expecting equipment shipments for Baita Plai to run on schedule
Vast Resources has several years' worth of experience working in Rumania
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It was a quieter week for company news in the junior mining sector
Vast Resources advances as Chiadzwa joint venture nears finish line
State-owned Zimbabwe Consolidated Diamond Company (ZDC) will work with Katanga Mining - a joint venture between Vast and the Chiadzwa Community Development Trust – to develop the diamond deposit.
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Vast Resources draws down first tranche from Atlas
Chief executive Andrew Prelea said reaching this point "gives the company a clear path to production at the Baita Plai polymetallic mine"
Vast Resources releases interim results for ‘critical period’
For the six months to 31 October, the mining firm reported a loss after tax of US$3.5mln, 36% less than a year ago
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Aura Energy* (LON:AURA) – New shares in respect of a Lind convertible facility Rambler Metals & Mining* (LON:RMM) – Convertible loan note update Vast Resources* (LON:VAST) – Start of drilling at Baita Plai
Vast Resources kicks off new drill programme at the Baita Plai
The aim is to prove up and confirm a JORC-compliant resource statement
Vast Resources set to draw down first bond cash by year end
In October, Vast said that the first tranche of payments would comprise some US$7.1mln of bonds
Vast Resources announces cold commissioning of Baita Plai
An initial trial production run is due to start soon, Vast Resources said
Vast Resources sets up SPV for Zimbabwe diamond project
Consultancy partner Botswana Diamonds will now have a 2.5% stake
Vast Resources welcomes Paul Fletcher to the board as finance director
Fletcher has 25 years’ experience working in the commodity and financial services industries
Vast Resources inks bond deal to fund Romania and Zimbabwe mine projects
"The bonds provide the required capital to enable the company to bring its two core assets, Baita Plai in Romania and the diamond concession in Zimbabwe, into production."
Vast Resources expecting Chiadzwa diamond deal to be signed next week
The mining group owns diamond, copper, silver, and lead assets in Zimbabwe and Romania
Vast Resources secures finance to take Zimbabwe and Romania projects to production
“The company is now in the healthiest position it has ever been in,” its chief executive said
Vast Resources “near” to finalising funding process for both key projects
Vast has begun preparations so that the Baita Plai polymetallic mine in Romania can be commissioned within three months of the drawdown of finance
Vast boosted by joint venture with ZCDC on Chiadzwa diamond concession in Zimbabwe
Zimbabwe's alluvial diamond fields have already yielded significant riches
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Vast Resources moves significantly closer to commencing mining at the Heritage diamond concession
Vast will now work directly with the state-owned diamond company ZCDC
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FTSE 100 closes higher Monday, just, as traders sit on hands
Footsie closed around 11 points higher at 7,357 at the start of the week, while mid-cap cousin FTSE 250 gained over 39 points
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Vast Resources raises £900,000 to start pre-production work in Romania
As efforts to conclude a larger financing continue, Vast will be able to cover certain pre-production spending to cut lead times to the Baita Plai project start
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FTSE 100 regains ground at the close
The FTSE 100 closed 32.86 points higher at 7,218.16 on Thursday, just easing off its late afternoon high of 7,235
Vast Resources highlights progress in Romania as financing efforts continue
It is working to upgrade and advance the assets in Romania.
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Vast Resources says receives draft indicative term sheet from a Swiss bank for loan finance of up to US$10mln
Andrew Prelea, Vast’s chief executive said "management has been working hard to enable the Company to react as quickly as possible now that we have the possibility to obtain more traditional lending”
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Vast Resources raises £600,000 in placing to fund Baita Plai and Heritage projects
The mining firm said it had raised the funds through a placing of around 444mln shares at a price of 0.135p each, a 10% discount to its last close price of 0.15p
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Vast Resources surges after update on financing discussions
The mining firm said it was expecting term sheets from financial institutions for loan finance to bring its Baita Plai metal mine in Romania into production, as well as being in “advanced discussions” with a potential cornerstone equity inv
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Vast Resources to exit gold production with sale of Pickstone Peerless in Zimbabwe
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Vast Resources to keep Manaila mine on care and maintenance until restructuring completes
Vast is restructuring its debt and asset portfolio with the aim of securing longer-term funding to support its operations
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Vast raises £852,000 from placing and subscription
Vast's fundraising follows the withdrawal of funding by erstwhile backers
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Vast Resources submits paperwork for Romanian prospecting licences
Vast Resources 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 Carlibab
FTSE 100 finishes lower as global markets hit by geopolitical worries
The UK's blue chip index closed down nearly 44 points at 7,107. Meanwhile, mid-cap cousin FTSE 250 fell more than 116 at 19,513
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Vast announces new general meeting to address funding issues
Vast believes it has two assets that could transform the prospects of the company, at Baita Plai and at Marange in Zimbabwe
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FTSE 100 closes higher but only just as sentiment boosted by trade progress
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Vast Resources says appointed joint venture partner for Heritage Concession on the Marange Diamond Fields
The AIM-listed firm pointed out that it is aware that the Chiadzwa Community Development Trust is associated with the Marange-Zimunya Community Share Ownership Trust
Vast Resources raises £896,000 via a placing and subscription to pay off Bergen convertible security
The company said the funds will be applied both in repayment of US$675,000, the amount currently outstanding on the Bergen convertible security, and also for general corporate purposes
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Vast Resources updates on financing discussions following non-payment of Tranch B from Mercuria prepayment facility
The mining firm said it remains in discussions with potential investors in two areas: replacement offtake finance to bring the Baita Plai project into production, and discussions with a potential “cornerstone” investor to cover the expendit
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Vast Resources appoints Paul Fletcher as new chief financial officer
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“I am highly encouraged by this next set of assay results from Blueberry which highlight the positive progress being made towards defining our target maiden resource estimate by end July 2019"
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Vast Resources enters off-take discussions with potential new partners, following the departure of Mercuria
Vast is continuing discussions with Mercuria at the same time