Holding(s) in Company

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining16 June 2023 Vast Resources plc('Vast' or the 'Company') Institutional Shareholder TR-1 DisclosureVast Resources plc, the AIM-listed mining company, is pleased to announce that further to the announcement made today regarding Capstone Investment Advisors LLC (“Capstone”) submitting a TR-1 disclosure regarding its increased shareholding, the Company has received the below TR-1 from Barclays Bank which was holding...

Maidstone, 16/06/2023 (informazione.news - comunicati stampa - industria)

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

16 June 2023

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

Institutional Shareholder TR-1 Disclosure

Vast Resources plc, the AIM-listed mining company, is pleased to announce that further to the announcement made today regarding Capstone Investment Advisors LLC (“Capstone”) submitting a TR-1 disclosure regarding its increased shareholding, the Company has received the below TR-1 from Barclays Bank which was holding Capstone's interest via a swap financial instrument. Capstone is now holding its interest directly via an outright equity holding which is the reason for Barclays Bank reducing its holding to zero percent.

TR-1: S tandard form for notification of major holdings

Market Abuse Regulation (MAR) Disclosure

Certain information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 (“UK MAR”) until the release of this announcement.

**ENDS**

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

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.

Vast has an interest in a joint venture company which provides a share of revenue generated 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 equivalent over all sales of non-ferrous concentrate and any other metals produced.

In Zimbabwe, the Company is preparing for the release of its diamonds previously mined by the Company and preparing for their marketing. Upon the finalisation of the process the Company will recommence its focus on the finalisation of the mining agreement on the Community Diamond Concession in the Marange Diamond Fields.