Institutional Shareholder TR-1 Disclosure

Vast Resources

19/07/2023 08:32

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Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining

19 July 2023

Vast Resources plc
(‘Vast’ or the ‘Company’)

Institutional Shareholder TR-1 Disclosure

Vast Resources plc, the AIM-listed mining company, is pleased to announce the
Company has received the below TR-1 from Barclays Bank which indicates an
increased shareholding from an existing Institutional Shareholder.

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BMD68046

Issuer Name

VAST RESOURCES PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Barclays PLC

City of registered office (if applicable)

London

Country of registered office (if applicable)

United Kingdom

4. Details of the shareholder

 Name                                 City of registered office  Country of registered office  
 Barclays Capital Securities Limited  London                     United Kingdom                

5. Date on which the threshold was crossed or reached 
14-Jul-2023

6. Date on which Issuer notified

18-Jul-2023

7. Total positions of person(s) subject to the notification obligation

 .                                                                          % of voting rights attached to shares (total of 8.A)  % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)  Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer  
 Resulting situation on the date on which threshold was crossed or reached  8.040000                                              0.000000                                                                   8.040000                        240000033                                     
 Position of previous notification (if applicable)                          6.150000                                              0.000000                                                                   6.150000                                                                      

8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached 
8A. Voting rights attached to shares

 Class/Type of shares ISIN code( if possible)  Number of direct voting rights (DTR5.1)  Number of indirect voting rights (DTR5.2.1)  % of direct voting rights (DTR5.1)  % of indirect voting rights (DTR5.2.1)  
 GB00BMD68046                                                                           240000033                                                                        8.040000                                
 Sub Total 8.A                                 240000033                                                                             8.040000%                                                                   

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 Type of financial instrument  Expiration date  Exercise/conversion period  Number of voting rights that may be acquired if the instrument is exercised/converted  % of voting rights  
                                                                                                                                                                                       
 Sub Total 8.B1                                                                                                                                                                        

8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))

 Type of financial instrument  Expiration date  Exercise/conversion period  Physical or cash settlement  Number of voting rights  % of voting rights  
                                                                                                                                                      
 Sub Total 8.B2                                                                                                                                       

9. Information in relation to the person subject to the notification
obligation 
2. Full chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with the
ultimate controlling natural person or legal entities (please add additional
rows as necessary)

 Ultimate controlling person  Name of controlled undertaking       % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher than the notifiable threshold  Total of both if it equals or is higher than the notifiable threshold  
 Barclays PLC                 Barclays Capital Securities Limited  8.040000                                                                                                                                                                              8.040000%                                                              

10. In case of proxy voting 
Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

Barclays PLC 
Barclays Bank PLC (100%)
Barclays Capital Securities Limited (100%)

12. Date of Completion

18-Jul-2023

13. Place Of Completion

London

Market Abuse Regulation (MAR) Disclosure

Certain information contained within this announcement is deemed by the
Company to constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of
the European Union (Withdrawal) Act 2018 (“UK MAR”) until the release of
this announcement.

**ENDS**

For further information, visit www.vastplc.com or please contact:

 Vast Resources plc Andrew Prelea (CEO) Andrew Hall (CCO)                                            www.vastplc.com + 44 (0) 20 7846 0974            
 Beaumont Cornish – Financial & Nominated Advisor Roland Cornish James Biddle                        www.beaumontcornish.com +44 (0) 20 7628 3396     
 Shore Capital Stockbrokers Limited – Joint Broker Toby Gibbs / James Thomas (Corporate Advisory)    www.shorecapmarkets.co.uk +44 (0) 20 7408 4050   
 Axis Capital Markets Limited – Joint Broker Richard Hutchinson                                      www.axcap247.com +44 (0) 20 3206 0320            
 St Brides Partners Limited Susie Geliher                                                            www.stbridespartners.co.uk +44 (0) 20 7236 1177  

ABOUT VAST RESOURCES PLC

Vast Resources plc is a United Kingdom AIM listed mining company with mines
and projects in Romania, Tajikistan, and Zimbabwe.

In Romania, the Company is focused on the rapid advancement of high-quality
projects by recommencing production at previously producing mines.

The Company's Romanian portfolio includes 100% interest in Vast Baita Plai SA
which owns 100% of the producing Baita Plai Polymetallic Mine, located in the
Apuseni Mountains, Transylvania, an area which hosts Romania's largest
polymetallic mines. The mine has a JORC compliant Reserve & Resource Report
which underpins the initial mine production life of approximately 3-4 years
with an in-situ total mineral resource of 15,695 tonnes copper equivalent with
a further 1.8M-3M tonnes exploration target. The Company is now working on
confirming an enlarged exploration target of up to 5.8M tonnes.

The Company also owns the Manaila Polymetallic Mine in Romania, which the
Company is looking to bring back into production following a period of care
and maintenance. The Company has also been granted the Manaila Carlibaba
Extended Exploitation Licence that will allow the Company to re-examine the
exploitation of the mineral resources within the larger Manaila Carlibaba
licence area.

Vast has an interest in a joint venture company which provides a share of
revenue generated from the Takob Mine processing facility in Tajikistan. The
Takob Mine opportunity, which is 100% financed, will provide Vast with a 12.25
percent royalty equivalent over all sales of non-ferrous concentrate and any
other metals produced.

In Zimbabwe, the Company is preparing for the release of its diamonds
previously mined by the Company and preparing for their marketing. Upon the
finalisation of the process the Company will recommence its focus on the
finalisation of the mining agreement on the Community Diamond Concession in
the Marange Diamond Fields