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Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
4 April 2025
Vast Resources plc
(‘Vast’ or the ‘Company’)
Vast Baita Plai SA
Vast Resources plc, the AIM-listed mining company, is pleased to announce that the court hearing on the Vast Baita Plai SA voluntary reorganisation scheduled for 3 April 2025 has duly taken place and proceeded without any new issues being raised.
The Judicial Administrator presented the mandatory report regarding the Company’s activity. The court took note, approved the report, and set a new hearing for continuing the observation period of 25 September 2025.
**ENDS**
For further information, visit www.vastplc.com or please contact:
| Vast Resources plc | www.vastplc.com |
| Beaumont Cornish – Financial & Nominated Advisor | www.beaumontcornish.com |
| Shore Capital Stockbrokers Limited – Joint Broker | www.shorecapmarkets.co.uk |
| Axis Capital Markets Limited – Joint Broker | www.axcap247.com |
| St Brides Partners Limited | www.stbridespartners.co.uk |
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.