The Company has several legacy interests in Zambia. As per the announcement on 16 March 2015, satisfactory due diligence has been completed by Kilimire International Limited and RGS Trading-F.Z.E. in relation to the disposal and earn-in of its non-core Zambian assets in line with Vast Resources’ strategy to focus on brownfield assets with the potential to generate revenues in the near term. Following the completion of satisfactory due diligence, the disposal of the Kalengwa mine and other copper based assets and the earn-in agreement on the Nkombwa Hills rare earths and phosphates project are now unconditional and have full effect.
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