Tectonic Gold acquired VAST JV.

Tectonic Gold restructured the diamond mining joint venture VAST and took full operating control and a 100% economic interest in the company. Financial terms were not disclosed. Mr. Brett Boynton, Managing Director – Tectonic Gold Plc said : "This transaction gives us full control over a considerable and readily accessible diamond resource. We have been very encouraged by the grade and stone size coming from our initial bulk testing. In order to maximise the opportunity, we have worked with VAST to restructure our original deal and take full control over the operations. This has enabled us to advance equipment-financing discussions and more confidently plan the mine development, leading to increased production and revenues."