REG - Vast Resources PLC - Operational Update

Vast ResourcesAnnouncement

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RNS Number : 9005Q  Vast Resources PLC  14 July 2025

14 July 2025

Vast Resources plc
("Vast" or the "Company")

 

Operational Update

 

Vast Resources plc, the AIM quoted mining company, is pleased to announce that
further to the announcement of 7 May 2025, positive progress has been made in
the primary beneficiation process of preparing the diamond parcels for
tendering.

 

Over recent weeks the Company has been working with specialist consultants to
develop new cleaning and sorting processes specific to these eluvial stones,
which are unique in character and require several layers of cleaning and
preparation to maximise their value at tender.  The intention of the Company
is to be directly and indirectly involved in the entire value-chain where
possible in order to maximise returns for shareholders, as this a unique
opportunity to best capitalise on the long-awaited parcels from the historic
settlement and could open further opportunities for the Company in the future.

 

Example photos of approximately 500ct of 4-6ct mixed stones during the various
stages of the primary beneficiation process can be viewed using the following
link http://www.rns-pdf.londonstockexchange.com/rns/9005Q_1-2025-7-14.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/9005Q_1-2025-7-14.pdf)  and
will also be shared on the Company's social media, to provide a visual
representation of what has been achieved to date.

 

The Company will provide further updates to the market in due course.

 

 

**ENDS**

 

For further information, please visit the Company's website at www.vastplc.com
(http://www.vastplc.com) or contact:

 Vast Resources plc                                         +44 (0) 20 7846 0974

 Andrew Prelea (CEO)

 Strand Hanson Limited - Nominated & Financial Adviser      +44 (0) 207 409 3494

 James Spinney / James Bellman

 Shore Capital Stockbrokers Limited - Joint Broker          +44 (0) 20 7408 4050

 Toby Gibbs / James Thomas (Corporate Advisory)

 Axis Capital Markets Limited - Joint Broker                +44 (0) 20 3206 0320

 Richard Hutchinson

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

 Susie Geliher                                              +44 (0) 20 7236 1177

 

ABOUT VAST RESOURCES

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.

 

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.

 

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