REG-Update on Historic Parcel

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”)

Update on Historic Parcel

Vast Resources plc, the AIM quoted mining company, is pleased to announce that
further to the announcement of 25 April 2025, regarding the successful release
of the Historic Parcel, the Company is now in receipt of the final packing
list post the Kimberly Process inspection.

The Company is pleased to report that the sorting process has revealed an
additional quantity of stones in the sealed historic parcels, the existence of
which was previously unknown to the board of directors of Vast (the
“Board”) (the “Additional Parcel”). This Additional Parcel contains
6,055.35 carats of gem quality stones, which, together with the rest of the
consignment, are currently in Dubai for final sorting in preparation for
cleaning and further preparation for their sale.

The total quantity of diamonds included in the Historic Parcel is now
estimated to be 135,139.47 carats, of which an aggregate 36,475.26 carats have
already been identified to be gem quality.

The Company is in process of selecting the first stones for cleaning and
estimates that initial results will be available in the coming weeks. The
Board currently anticipates that the selling process will be conducted in a
phased manner in order to maximise value for the Company and its shareholders.

We look forward to updating the market as progress continues.

**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