Vast Resources plc, the AIM-listed mining company, is pleased to announce that the official opening ceremony for the Takob joint venture project at the Takob Mine in Tajikistan (“Takob Processing Project”) with Open Joint Stock Company Korkhanai Boygardonii Takob (“Takob”) has taken place today.
The Company was represented by Andrew Prelea, Chief Executive Officer along with other representatives of the Company’s strategic partners in Central Asia Minerals and Metals Ore Trading FZCO, including Mr Abdul Jabbar Abdullah Ali Gargash.
The opening ceremony was attended by the following distinguished guests:
Sherali Kabir, the Minister of Industry and New Technologies of the Republic of Tajikistan
Safaralizoda Sh. N., Mayor of Varzob District
Michael Cockle, the Deputy British Ambassador to Tajikistan.
Rajabzoda Najibullo, Chairman of Board of Directors of Open Joint Stock Company Talco
Jabbarov Suhrob, Director of Talco Management Limited
As previously announced, Vast will receive a participation equivalent to a 12.25 percent royalty over all sales of non-ferrous concentrate and any other metals produced from the Takob Processing Project.
Photos of the official opening ceremony for the Takob Processing Project will be made available on the Company’s social media platforms.
Andrew Prelea, Chief Executive Officer of Vast Resources PLC, commented:
“I would again like to thank the Minister of Industry and New Technologies of the Republic of Tajikistan, together with the Chairman and Executive Team of Open Joint Stock Company TALCO for their assistance in commencing the Takob Processing Project.
“I would also like to thank all the stakeholders and our strategic partners in Central Asia Minerals and Metals Ore Trading FZCO, including Mr Abdul Jabbar Abdullah Ali Gargash and Formin TJK, for giving Vast the opportunity to participate in this exciting venture that opens the door to further opportunities in Tajikistan.”
For further details on the Takob Processing and the Takob Tailings Projects, see the announcements made on 3 May, 24 May and 30 June 2022 via the Company’s website – https://www.vastplc.com/news/.
Market Abuse Regulation (MAR) Disclosure
Certain information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 (“UK MAR”) until the release of this announcement.
**ENDS**
For further information, visit www.vastplc.com or please contact:
Vast Resources plc
Andrew Prelea (CEO)
Andrew Hall (CCO)
+44 (0) 20 7846 0974
