Vast Resources plc Warrants 30/06/19 (To Sub For ORD)

Company Overview

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.

With this strategy, Vast Resources commissioned the Manaila polymetallic mine in Romania in 2015 and is currently producing a copper concentrate and zinc concentrate from this operation.  The Board also anticipates commissioning a second mine, the Baita Plai polymetallic mine in Romania, in the near term, with work under way towards obtaining the relevant permissions to start developing and ultimately commissioning the mine.

The Company has a broad portfolio of additional exploration and development projects in Romania and additional interests in Southern Africa, including a controlling interest in the producing 3.56 million ounce Pickstone-Peerless Gold Mine in Zimbabwe.

The trading warrants are exercisable at any time until 30 June 2019 at a price of 0.5p per share.

There are currently 556,605,567 trading warrants in issue.

  • Statistics
  • Company Updates
  • Management
Symbol VASTW
Indicative price 0.05
Change on price 0.00
Currency GBp

Company Updates

Warrants to trade on J P Jenkins & Appointment of Capita as Registrar for the Warrants

Company Directors

Brian Moritz

Chairman

Brian is a Chartered Accountant and former Senior Partner of Grant Thornton UK LLP, London; he formed Grant Thornton's Capital Markets Team which floated over 100 companies on AIM under his chairmanship. In December 2004, he retired from Grant Thornton UK LLP to concentrate on bringing new companies to the market. He specialises in natural resources companies, primarily in Africa, and was formerly chairman of Metal Bulletin plc, African Platinum plc and Chromex Mining plc as well as currently being chairman of several junior mining companies.

Roy Pitchford

Chief Executive Officer (Group)

Roy is a Chartered Accountant and past President of the Chamber of Mines in Zimbabwe. His track record in Zimbabwe includes Cluff Resources, where he managed the Freda Rebecca Mine, the largest gold mine in the country, as well as a number of smaller mines. He also oversaw the development of the Ngezi Opencast Platinum Mine into production, the re-commission of the Selous Metallurgical Complex in 2011, and created a company with a platinum-group metals resource base in excess of 300 million ounces whilst at Zimplats, which was acquired by Implats, the world’s second largest producer of PGMs. As Chairman of Lesego Platinum, the company has completed a bankable feasibility study on a 39Moz PGM mine on the eastern limb of the Bushveld Complex. Lesego is now part of the Village Main Reef group where he was the former chairman. He remains a non-executive director of public and private mining companies.

Roy Tucker

Finance Director & Company Secretary

Roy is a Chartered Accountant with 43 years of high level and broad spectrum professional and business experience. He has been the founder of a London banking group, served on bank boards and had a position as a major shareholder of a substantial London commodity house. He is also the founder of Legend Golf and Safari Resort in South Africa. He has substantial investment in the Romanian property sector.

Eric Diack

Non-Executive Officer

Eric is a Chartered Accountant with many years’ experience in the mining and industrial landscape. Eric is the former CEO of Anglo American Ferrous Metals Divisions, and has served on numerous major listed and unlisted company boards, mainly associated with Anglo American. He is currently a member of the Bidvest Group and Aveng boards which are large South African listed companies with extensive international operations

Company Information

ISIN GB00BD4H6F46
Company number 5414325
Par value 0.00 GBP
Class of security Warrant
Settlement type CREST
Dealing restrictions
Country of incorporation N/A
Status Live

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