StockMarketWire.com - Vast Resources said it had signed an agreement with Red Mercury to gain exclusive access to a diamond concession area in Zimbabwe.

Vast said it would conduct initial due diligence on the area, in the Marange diamond fields in the country's Chiadzwa region, with a view to concluding a mining joint venture agreement.

The 15 square kilometer concession was close to an area of Vasts historic Marange diamond fields claim and was understood to be an extension of the same geological system, the company said.

Red Mercury was owned by the Marange-Zimunya Community Share Ownership Trust.


At 1:37pm: [LON:VAST] Vast Resources PLC share price was +0.06p at 0.65p



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