Baita Plai Update
Vast Resources plc, the AIM-listed mining company, is pleased to announce that the decline project to Level 19 is progressing on schedule and the Company has commenced mining fresh higher grade ore at its
Baita Plai Polymetallic Mine Baita Plai in
Romania, in accordance with the revised mechanised mine plan as announcened on 30
th
Mining and concentrate production has and will continue uninterrupted during this development phase at Baita Plai, with underground production currently focused on Levels 17 & 18 in addition to the new mining area on Level 19. Exploration drilling targeting the downdip extension of the Antonio skarn from 19 level to 22 level is expected to commence in
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Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
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Mkango’s corporate strategy is to develop new sustainable primary and secondary sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean technologies. This integrated ‘mine, refine, recycle’ strategy differentiates Mkango from its peers, uniquely positioning the Company in the rare earths sector.
Mkango is developing the 51% owned Songwe Hill rare earths project (the “Project”) in Malawi with the ongoing Feasibility Study funded through a £12 million investment by strategic partner Talaxis Limited. Malawi is known as “The Warm Heart of Africa”, a stable democracy with existing road, rail and power infrastructure, and new infrastructure developments underway. Following completion of the Feasibility Study, Talaxis has an option to acquire a further 26% interest in Songwe by arranging financing for project development including funding the equity component thereof.
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Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Notice of
General Meeting
Vast Resources plc, the AIM listed mining company, is pleased to announce that a General Meeting of the Company will be held at
11.00 a.m. on Wednesday
5 May 2021. The purpose of the meeting will be to effect a reorganisation of the Company’s share capital.
Subject to shareholder approval, the overall effect of the capital reorganisation will be that the number of Ordinary Shares in issue will be reduced by a factor of 100, so that by way of example a holder of 100 existing ordinary shares of £0.001 (0.1p) each will hold 1 new Ordinary Share of £0.001 (0.1p) each.