Vast Resources PLC Director Appointment (3916J)
23 Agosto 2021 - 1:01AM
UK Regulatory
TIDMVAST
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 Past directorships and/or partnerships
partnerships
Goldplat PLC Capricorn Botswana Ltd
Capricorn Resource PLC
Capricorn Coal 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 www.vastplc.com
Andrew Prelea (CEO) +44 (0) 20 7846 0974
Andrew Hall (CCO)
Beaumont Cornish - Financial www.beaumontcornish.com
& Nominated Advisor +44 (0) 20 7628 3396
Roland Cornish
James Biddle
Shore Capital Stockbrokers www.shorecapmarkets.co.uk
Limited - Joint Broker +44 (0) 20 7408 4050
Jerry Keen (Corporate Broking)
Toby Gibbs / James Thomas (Corporate
Advisory)
Axis Capital Markets Limited www.axcap247.com
- Joint Broker +44 (0) 20 3206 0320
Richard Hutchison
St Brides Partners Limited www.stbridespartners.co.uk
Susie Geliher +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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END
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