Vast Resources plc, the AIM-listed mining company, is pleased to announce that an 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”) will take place on 15 August 2022.
The processing of fresh and stockpiled ore will commence in August 2022 following the official opening ceremony under the terms of the Master Agreement between Takob and Central Asia Minerals and Metals Ore Trading FZCO.
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. The royalty equivalent revenue from the Takob Processing Project will supplement the Company’s revenue from concentrate sales from Vast’s 100% owned Baita Plai Polymetallic Mine in Romania.
The latest photos of the Takob Processing facility with the equipment upgrades will be made available on the Company’s social media platforms.
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 at 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) |
www.vastplc.com +44 (0) 20 7846 0974 |
