Vast Resources awarded exclusive access to Tanzanian diamond concession
23rd Aug 2018 11:23
(Sharecast News) - AIM-listed explorer Botswana Diamonds revealed that Vast Resources, with which it has signed a memorandum of understanding to develop diamond resources in Zimbabwe, has been awarded exclusive access to a diamond concession in the African nation's Chiadzwa region.
Read moreVast Resources takes indirect stake in Romania's Blueberry Project
15th Aug 2018 10:05
(Sharecast News) - Mining company Vast Resources announced the acquisition of an indirect 29.41% interest in the Blueberry Project, which hosts highly prospective polymetallic mineralisation and is located in the 'Golden Quadrilateral' of Western Romania, on Wednesday.
Read moreVast Resources subsidiary submits application to mine at Baita Plai
6th Aug 2018 14:08
(Sharecast News) - Romania and Zimbabwe-focussed mining company Vast Resources announced on Monday that, following acceptance of the agreement by the Minister of Economy as announced on 22 June, the state-owned company Baita SA - the holder of the Baita Plai Head Licence - and Vast's 80% subsidiary African Consolidated Resources, had now submitted their joint formal application to Romania's National Agency for Mineral Resources.
Read moreVast Resources partially offloads Zimbabwe mines
30th Jan 2017 14:16
(ShareCast News) - Romania and Zimbabwe-focused mining company Vast Resources announced on Monday that it has secured a loan facility and signed a conditional agreement for the partial disposal of a non-controlling interest in its Pickstone-Peerless Gold Mine and Giant Gold Mine, providing gross pro
Read moreVast Resources eyes Romania as it swings to H1 pre-tax profit
20th Dec 2016 13:51
(ShareCast News) - Vast Resources has swung to a first-half pretax profit from continuing operations and says Romania represents a significant opportunity for the company. Pre-tax profit for the six-month period was $265,000, from a year-ago loss of $3.6m. Revenue came in at $14.1m, from $1.04m. Ch
Read moreVast Resources starts drilling at Faneata
2nd Nov 2016 09:40
(ShareCast News) - Romania and Zimbabwe-focused mining company Vast Resources announced on Wednesday that a drilling programme to confirm the mineral resource and provide material for metallurgical testwork has commenced at its Faneata tailings dam, located 7 kilometres from the Baita Plai Polymetal
Read moreVast Resources reports higher costs at Manaila, delays at second Romanian licence
23rd Aug 2016 09:49
(ShareCast News) - Vast Resources encountered technical difficulties at its Manaila polymetalic mine in Romania, leading to setbacks in production, while the process for securing a sub-licence for another project in the same east European country continued to face delays. The company's Zimbabwe oper
Read moreVast Resources reports positive drilling at Manaila
11th Aug 2016 15:24
(ShareCast News) - Romania and Zimbabwe-focused mining company Vast Resources announced the results of a phased drilling programme at the producing open pit operations of the Manaila Polymetallic Mine in Romania on Thursday. The AIM-traded firm said positive drilling results were achieved as part of
Read moreVast Resources raises working capital in placing
6th Jul 2016 16:06
(ShareCast News) - Romania and Zimbabwe-focused miner Vast Resources announced on Wednesday that it has raised £0.86m before costs through a placing and subscription of 300 million ordinary shares of 0.1p in the company, at a price of 0.285p per share. The AIM-traded company said that, for each shar
Read moreVast Resources completes fresh equity issue
6th Apr 2016 16:05
(ShareCast News) - Vast Resources had a bit of extra cash in its back pocket on Wednesday, having completed a fresh equity issue with a number of shareholders. The AIM-traded company said that, pursuant to an agreement entered into with a number of existing shareholders announced on 7 March, it rece
Read moreVast Resources obtains cornerstone investor
4th Jan 2016 16:38
(ShareCast News) - Vast Resources secured fresh capital from a US-based family office to help raise production at its two polymetallic mines in Romania and to help fund new projects. AIM-listed Vast Resources was set to receive up to £5m in fresh equity from Crede Capital in four equal tranches, the
Read moreVast Resources posts wider first half loss
31st Dec 2015 09:37
(ShareCast News) - AIM-listed Vast Resources said its first half pre-tax loss widened as it made the transition from a junior explorer to a mining and production company. For the six months to 30 September, it reported a pre-tax loss of $3.64m (£2.5m) compared with a loss of $2.76m last year. On
Read moreVast Resources appoints Pierre Joubert as CFO
22nd Dec 2015 12:40
(ShareCast News) - AIM-listed mining company Vast Resources announced the appointment of Pierre Joubert as chief financial officer with immediate effect. Joubert, a chartered accountant, spent seven years with Macquarie, mostly with the Macquarie Natural Resources Group in the Far East, where he wor
Read moreResults round-up
20th Aug 2015 16:23
(ShareCast News) - Polyus Gold slashed costs to improve its first half profits by 130% to $582m from $253m the year before. The strong result boosted the share price of Russia's largest gold producer by 3.19% at 1042 BST to 194p. While revenue was flat, up 1% to $1.02bn from $1.01bn, Polyus Gold wa
Read moreVast Resources surges as it commissions Zimbabwe gold mine
20th Aug 2015 09:59
(ShareCast News) - Shares in Vast Resources surged after it announced the commissioning of the ball mill and the carbon in leach plant at the Pickstone-Peerless gold mine in Zimbabwe. The AIM-listed resource and development group said this will facilitate the start of gold absorption, marking a furt
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