(Sharecast News) - Mining company Vast Resources updated the market on the announcement it made on 7 August on Monday regarding the recovery of the historic parcel.

The AIM-traded firm said that, due to the recent election process over the past month, it had been unable to progress the settlement of the historic parcel as expected.

"However, the company remains confident of finalising the process, and it will report further progress to the market," the board said in its short statement.

At 1104 BST, shares in Vast Resources were down 10.8% at 0.22p.

Reporting by Josh White for Sharecast.com.