Vast Resources Provides Settlement Discussions Update

Source: www.gulfoilandgas.com 2/6/2023, Location: Africa

Vast Resources plc, the AIM-listed mining company, wishes to announce a further update to the RNS of 2 February 2023 regarding the settlement of historic claims.

The Company advised that as at 1 February 2023 the High Court of Zimbabwe granted a default Order against the Minister of Mines & Mining Development relating to the release of the historic parcel of 129,400 carats of rough diamonds held in safe custody at the Reserve Bank of Zimbabwe.

The Company is pleased to announce that it is now in receipt of the signed and stamped High Court of Zimbabwe Order relating to the release of the historic parcel of 129,400 carats of rough diamonds held in safe custody at the Reserve Bank of Zimbabwe (‘Historic Parcel’) and will now commence the process for the initiation of a lawful and transparent process for the release of the Historic Parcel into the Company’s possession.

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.


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