Vast Resources appoints Andrew Hall to board as commercial director

Vast Resources announced the formal appointment of Andrew Hall to the board as commercial director on Tuesday, with immediate effect.

The AIM-traded mining company said that in addition to his existing responsibilities, he was now leading the company's external and investor communications.

It said Hall’s role was focussed on the firm’s strategic business initiatives, capital raising, managing offtake relationships, and leading its external and investor communications.

He had spent the last 14 years working in natural resources and finance-linked businesses, and before joining Vast in December 2018, he worked at a natural resources-focussed merchant bank where he established and managed the alternative finance distribution business.

That business covered asset managers, private equity, investment banks, family offices and trading houses.

Hall’s appointment to the board was designed to formalise the communication channel between the board, and investors and other stakeholders.

The board said his assumption of the responsibility would allow chief executive officer Andrew Prelea to concentrate on his key role of running the company’s operations, developing and progressing existing initiatives, and evaluating new opportunities as well as expanding on his existing key strategic relationships in the jurisdictions in which it operates.

At the same time, Roy Tucker had relinquished his executive functions, but remained a non-executive director at the request of the board to make available his in-depth knowledge and understanding of the company.

“I am delighted to announce Andrew Hall’s formal appointment to the board, and I am confident that his experience in the equity capital and finance markets generally will prove valuable in his expanded role as the company’s spokesperson, leading investor communications,” said chairman Brian Moritz.

“I would also like to thank Roy for his continued and consistent support of Vast, and I am grateful for the guidance he will continue to provide.”

At 1034 GMT, shares in Vast Resources were down 8.52% at 2.1p.