RCS - Vast Resources PLC - Tajikistan Mining Forum & Non-Binding MOU Signed

Vast ResourcesAnnouncement

Tue 07:00

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RNS Number : 3054J  Vast Resources PLC  20 May 2025

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

 

20 May 2025

 

Vast Resources plc

("Vast" or the "Company")

 

Vast Attends Tajikistan Mining Forum

and Signing of Non-Binding MOU

 

Vast Resources plc, the AIM quoted mining company, was delighted to sponsor
and present at the Tajikistan-UK Mining Forum at the London Stock Exchange
yesterday. The event marked a significant opportunity to strengthen the
relationship between UK and Tajikistan and to showcase investment potential in
Tajikistan's mining sector.

 

The Company also notes that, at the event, it signed a non-binding Memorandum
of Understanding with the Ministry of Industry and New Technologies of the
Republic of Tajikistan (the "Ministry") (the "MoU"). The purpose of the MoU is
to provide a framework of cooperation and facilitate collaboration between the
two parties in respect of identifying new exploration and exploitation targets
for non-ferrous and strategic mineral deposits for exploitation from
historical databases, as well as identifying new exploration targets from
greenfield areas, and work jointly towards developing a "Tajik Mineral
Investment Fund' for the purpose of developing Tajikistan's mining industry.

 

The MoU will be valid until 19 May 2026, and any material developments in
respect of Vast relating to the objectives of the MOU outlined above will be
announced in due course.

 

**ENDS**

 

For further information, visit www.vastplc.com (http://www.vastplc.com) or
please contact:

 

 Vast Resources plc                                         www.vastplc.com (http://www.vastplc.com)

 Andrew Prelea (CEO)                                        +44 (0) 20 7846 0974

 Strand Hanson Limited - Nominated & Financial Adviser      www.strandhanson.co.uk

 James Spinney / James Bellman                              +44 (0) 20 7409 3494

 Shore Capital Stockbrokers Limited - Joint Broker          www.shorecapmarkets.co.uk (http://www.shorecapmarkets.co.uk)

 Toby Gibbs / James Thomas (Corporate Advisory)             +44 (0) 20 7408 4050

 Axis Capital Markets Limited - Joint Broker                www.axcap247.com (http://www.axcap247.com)
 Richard Hutchinson

                                                          +44 (0) 20 3206 0320

 St Brides Partners Limited                                 www.stbridespartners.co.uk (http://www.stbridespartners.co.uk)

 Susie Geliher / Charlotte Page / Will Turner               +44 (0) 20 7236 1177

 

 

ABOUT VAST RESOURCES PLC

 

Vast Resources plc is a United Kingdom AIM quoted 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.

 

The Company retains a continued presence in Zimbabwe. The Company is
re-engaging its future investment strategy in Zimbabwe and has commenced
discussions with further mining concessions in-country alongside its wider
portfolio.

 

Vast has an interest in a joint venture company which provides exposure to a
near term revenue opportunity 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 over all sales of non-ferrous concentrate
and any other metals produced.

 

Also in Tajikistan, Vast has been contracted to develop and manage the
Aprelevka gold mines on behalf of its owner Gulf International Minerals Ltd
("Gulf") under which Vast is entitled, inter alia, to 10% of the earnings that
Gulf receives from its 49% interest in Aprelevka in joint venture with the
government of Tajikistan.  Aprelevka holds four active operational mining
licences located along the Tien Shan Belt that extends through Central Asia,
currently producing approximately 11,600oz of gold and 116,000 oz of silver
per annum.  It is the intention of the Company to assist in increasing
Aprelevka's production from these four mines closer to the historical peak
production rates of approximately 27,000oz of gold and 250,000oz of silver per
year from the operational mines.

 

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