Vast Resources plc announced that it has executed a three-year marketing agreement with a Swiss investment company for the exclusive distribution of high grade PGM concentrates produced within the EU. Vast will receive a 2.5% commission based on the sales value of the concentrates distributed under this agreement. This agreement complements the Company?s existing metal trading activities and is expected to provide a significant additional revenue stream for Vast alongside its operations at the Baita Plai Mine in Romania, and its recently expanded interests in Tajikistan.

As part of this arrangement, and on behalf of the Swiss investment company, Vast has received an offer from the Nikash Group to purchase PGM concentrate containing on average 15% platinum plus other payable materials and which is being marketed as a platinum concentrate. Under the offer, Vast will arrange the sale and delivery of, on average, two tonnes of high-grade platinum concentrate per month over a period of up to one year. Independent assays have been performed by the seller corroborating the grade of the platinum concentrate at 15% and execution of the final sales contract with the Nikash Group will be dependent, amongst other matters, on the buyer concluding its internal assays and inspection of the product.

The estimated sales value, based on seller assays, is expected to exceed $100 million. This transaction will represent the first sale of product on behalf of the Swiss investment company. The Company is also currently working on the marketing of other similar high value products originated from the same Swiss investment company to expand Vast?s trading desk.

These activities naturally complement Vast?s operations and interests in Baita Plai, Zimbabwe and Tajikistan. The Company?s expectations regarding these business areas remain positive and the management team remain fully committed to their successful development.