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Vast Resources PLC

Update on Baita Plai Licence to Mine

/ Ticker: VAST / Index: AIM / Sector: MiningVast Resources plc

("Vast" or "the Company")30 August 2017

Vast Resources plc

Update on Baita Plai Licence to Mine

, the AIM-listed mining company, is pleased to announce that the Company's subsidiary, African Consolidated Resources SRL ("AFCR"), has been selected by , the holder of the head-licence at the in ("Baita Plai"), to be granted the right to mine polymetallic ore from Baita Plai under mining licence 999/1999.Vast Resources plcBaita SABaita Plai Polymetallic MineRomania

The Company's subsidiary was chosen to be granted the right to mine at Baita Plai as part of a competitive selection process, implemented in line with the previously announced step plan to expedite the grant of the association on the mining licence 999/1999.

The Company now awaits execution of the final association licence which is subject to the normal due process which includes a Ministerial Agreement, regulatory approvals from (ANRM) and the final negotiations of the terms and conditions of the association licence.  These steps are intended to be implemented in the shortest possible time to allow the Company to commence operations at Baita Plai before the end of 2017.Romania'sNational Agency for Mineral Resources

Vast will advise the market as soon as the regulatory steps mentioned above have been completed.

**ENDS**

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

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").

(Chief Executive Officer)Vast Resources plc
Roy Pitchford
www.vastresourcesplc.com+44 (0) 20 7236 1177 


Roland Cornish   - Financial & Nominated Adviser Beaumont Cornish



James Biddle
+44 (0) 020 7628 3396www.beaumontcornish.com
 - Joint BrokerBrandon Hill Capital Ltd


Jonathan Evans
www.brandonhillcapital.com+44 (0) 20 3463 5016
- Joint Broker Peterhouse Corporate Finance Ltd
Duncan Vasey
www.pcorpfin.com +44 (0)20 7469 0936 


Susie GeliherSt Brides Partners Ltd

Charlotte Page
www.stbridespartners.co.uk  +44 (0) 20 7236 1177
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.Source: via Globenewswire

Vast Resources plc




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