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Friday, 9 March 2018

Update on proposed $9.5 million Pre-Payment Off-take with Mercuria Energy Group


Published: 17:00 CET 09-03-2018 /GlobeNewswire /Source: Vast Resources plc / : VAST /ISIN: GB00B142P698

Update on proposed $9.5 million Pre-Payment Off-take with Mercuria Energy Group


Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining


9 March 2018

Vast Resources plc

("Vast" or the "Company")


Update on proposed $9.5 million Pre-Payment Off-take with Mercuria Energy Group


Vast Resources plc, the AIM-listed mining company with operating mines in Romania and Zimbabwe, announces updates as follows:


Sub-Sahara Goldia Investments

The Company wishes to confirm that it has received written confirmation from Sub-Sahara Goldia Investments ('SSGI') with regard to the US$1.68 million bridging loan due for repayment on 9 March 2018 to be made on or before 21 March 2018.  SSGI has reserved all its rights should the payment not happen by this date.




For further information, visit www.vastresourcesplc.com or please contact:


Vast Resources plc
Andrew Prelea (Chief Executive Officer)


+44 (0) 20 7236 1177


Beaumont Cornish - Financial & Nominated Adviser 
Roland Cornish 

James Biddle


+44 (0) 020 7628 3396

Brandon Hill Capital Ltd - Joint Broker

Jonathan Evans



+44 (0) 20 3463 5016

SVS Securities Plc - Joint Broker 
Tom Curran

Ben Tadd


 +44 (0) 20 3700 0100



St Brides Partners Ltd
Susie Geliher
Charlotte Page


+44 (0) 20 7236 1177



The 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 ("MAR").




Vast Resources plc is an AIM listed mining and resource development company focussed on the rapid advancement of high quality brownfield projects and recommencing production at previously producing mines in Romania.


Vast Resources currently owns and operates the Manaila Polymetallic Mine in Romania, which was commissioned in 2015 and is focussed on its expansion through the development of a second open pit operation and new metallurgical complex at the Carlibaba Extension Area.  The Company's portfolio also includes an 80% interest in the Baita Plai Polymetallic Mine in Romania, where work is currently underway towards obtaining the relevant permissions to start developing and ultimately commissioning the mine.


The Company also has interests in a number of projects in Southern Africa including a controlling 25% interest in the producing Pickstone-Peerless Gold Mine in Zimbabwe.

This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Vast Resources plc, Nettlestead Place, Maidstone Road, Nettlestead,, MAIDSTONE, ME18 5HA,, United Kingdom
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