REG-Appointment of Non-Executive Director

Vast ResourcesAnnouncement

07/05/2025 07:00

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

7 May 2025

Vast Resources plc 
(“Vast” or the “Company”)

Appointment of Non-Executive Director

Vast Resources plc, the AIM quoted mining company, is pleased to announce the
appointment of Mr James McFarlane as a Non-Executive Director with immediate
effect.

James McFarlane is a globally experienced technical mining professional, with
a strong background in UK and European mining operations. James has held
senior roles in active mining operations in England, Wales, Scotland, Ireland
and Australia, and also as a mining consultant supporting exploration and
project development studies (Mineral Resource Estimates, Ore Reserve Estimates
and Feasibility Studies), across a range of commodities worldwide including
gold, copper, and other base and critical metals.

James holds a MSc from the Camborne School of Mines in Mining Geology, is a
Chartered Geologist, Chartered Engineer and Registered Professional
Geoscientist in the fields of Mining and Mineral Exploration. He is a Fellow
of the IOM3, Geological Society of London, the Institute of Quarrying, the
North of England Institute of Mining and Mechanical Engineers and is also a
Member of the Australian Institute of Geoscientists.

Andrew Prelea, CEO of Vast, commented:
“I’m delighted to welcome James to the Vast team. His outstanding
technical credentials and wealth of experience across European and
international mining projects make him an exceptional addition to our board.
Following the release of the Historic Diamond Parcel, the Company is entering
an exciting new chapter, and we look forward to working with James as we
continue our unwavering focus on building a mid-tier mining company.”

Further information on James McFarlane’s appointment:

The following details in relation to the appointment of James McFarlane, are
disclosed in accordance with AIM Rule 17 and Schedule 2(g) of the AIM Rules:

James Andrew Stuart McFarlane (aged 40) has held the following directorships
and/or partnerships in the past five years.

 Current Directorships/Partnerships  Previous Directorships/Partnerships in the past 5 years  
 None                                R²C Mining Consultancy                                   

James McFarlane holds no shares in the Company.
There is no further information to be disclosed in relation to James
McFarlane’s appointment pursuant to AIM Rule 17 or Schedule Two, paragraph
(g) (i)-(viii) of the AIM Rules for Companies.

**ENDS**

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

 Vast Resources plc Andrew Prelea (CEO)                                                              www.vastplc.com + 44 (0) 20 7846 0974            
 Strand Hanson Limited – Nominated & Financial Adviser James Spinney / James Bellman                 www.strandhanson.co.uk +44 (0) 20 7409 3494      
 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 / Charlotte Page / Will Turner                             www.stbridespartners.co.uk +44 (0) 20 7236 1177  

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019.

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