REG-Exercise of Warrants

Vast ResourcesAnnouncement

Tue 13:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250429:nGNE51vYy1&default-theme=true


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

29 April 2025

(“Vast” or the “Company”)

Exercise of Warrants

Vast Resources plc, the AIM quoted mining company, announces that it has
received notice to exercise warrants over a total of 195,000,000 new ordinary
shares of 0.1 pence each in the Company ("Warrant Shares") at an exercise
price of 0.4p per Warrant Share, raising £780,000 for the Company.

Application has been made to the London Stock Exchange for 195,000,000 new
Ordinary Shares to be admitted to trading on the AIM market with admission
expected to occur on or around 1 May 2025 (“Admission”). The issued new
Ordinary Shares will rank pari passu in all respects with the existing
Ordinary Shares.

Following Admission of the new Ordinary Shares, the issued ordinary share
capital of Vast will consist of 2,803,607,357 Ordinary Shares. There are no
Ordinary Shares held in treasury. 2,803,607,357 represents the total number of
voting rights in the Company and may be used by shareholders as the
denominator for the calculations by which they can determine if they are
required to notify their interest in, or a change to their interest in the
Company under the Financial Conduct Authority's Disclosure and Transparency
Rules.

**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            
 Beaumont Cornish – Financial & Nominated Adviser 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.

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.

Nominated Adviser 
Beaumont Cornish Limited (“Beaumont Cornish”) is the Company’s Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish’s
responsibilities as the Company’s Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it