Aim-listed mining company Vast Resources has concluded a conditional sale contract for the proposed disposal, to Southern African Trade Finance (SATF), of its noncore 50.01% interest in Ronquil Enterprises – the holder of its Zimbabwe gold assets; and the remaining 25.01% economic interest in the Pickstone Peerless gold mine and associated assets, principally the Eureka gold mine. The consideration from SATF is $2.5-million, payable outside Zimbabwe, plus RTGS$2.5-million (Zimbabwe’s new local currency), equating to $1-million payable in Zimbabwe.
