The board of AIM-listed mining company Vast Resources was seeking the approval of its shareholders to issue new equity share capital, up to an undisclosed limit, and to disapply statutory pre-emption rights.
Mining and resource development firm Vast Resources announced on Wednesday that it has taken steps to gain the right to mine at the Baita Plai Polymetallic Mine in Romania.
Romania and Zimbabwe-focussed mining company Vast Resources updated the market on its operations and production for the three months ended 31 March on Tuesday, reporting another record quarter for the Pickstone-Peerless Gold Mine in Zimbabwe.
African-focused explorer Botswana Diamonds on Tuesday said it had signed a memorandum of understanding with fellow AIM-quoted miner Vast Resources.
(WebFG News) - AIM-listed mining company Vast Resources announced on Friday that it has acquired a 23.75% economic interest in the Eureka gold mine in Zimbabwe through an acquisition made by a subsidiary.
Romania and Zimbabwe-focussed mining company Vast Resources announced on Thursday that, as part of the arrangements towards finalisation of the proposed $9.5m pre-payment offtake agreement with Mercuria Energy Trading, it has issued 565 million warrants in terms of the authority from shareholders granted at the general meeting on 14 February.
Mining company Vast Resources' shares dropped over 7% Friday after announcing that it will give Mercuria Energy Group a further two weeks to finalise its pre-payment offtake.
Mining production company Vast Resources saw revenue from its two operational mines grow 5% over the six months leading to 30 September but a number of factors, including the increased cost of sales, swung the group to a loss.
Results from Vast Resources' drilling programme in Romania seemed to support the development of a second open pit mine within its wholly owned Manaila licence area.
Romania and Zimbabwe-focussed mining company Vast Resources advised shareholders on Friday that, as a result of the "consistently positive" results delivered from the drilling and development programme at the Carlibaba Deposit located next to its producing Manaila Polymetallic Mine in Romania, coupled with the 2018 off-take bidding process for the concentrate production, it has been presented with a number of potential non-dilutionary financing options to advance its Romanian interests.
Vast Resources, the AIM-listed company with operations in Romania and Zimbabwe confirmed on Wednesday the Carlibaba prospect's suitability as a second open pit mine within the Manaila licence area in Romania.
Shares in Vast Resources improved almost 7% after the Reserve Bank of Zimbabwe allowed the company to dispose of a non-controlling interest in its Pickstone-Peerless Gold Mine and Giant Gold Project in that country.
Shares in Vast Resources rose as the explorer announced that it has made "significant progress" with the expansion of the Pickstone-Peerless gold mine in Zimbabwe.
AIM-listed miner Vast Resources has promoted chief geologist Craig Harvey to chief operating officer.
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 proceeds of $8m, primarily to advance the company's core activities in Romania.
Vast Resources has swung to a first-half pretax profit from continuing operations and says Romania represents a significant opportunity for the company.
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 Polymetallic Mine in western Romania.
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.
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.
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.