TIDMVAST

RNS Number : 1645I

Vast Resources PLC

10 August 2021

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

10 August 2021

Vast Resources plc

("Vast" or the "Company")

Director Share Purchase

Vast Resources plc, the AIM-listed mining company, announces that it was notified on 10 August 2021 that on that date Mr Paul Fletcher, Finance Director of the Company, purchased 365,000 ordinary shares of 0.1 pence each in the share capital of the Company ("Ordinary Shares") at a price of 6.875 pence per Ordinary Share on the Secondary Market.

Following this purchase, Mr Fletcher's total beneficial ownership in the Company is 705,481 Ordinary Shares, which represents approximately 0.33% of the Company's issued share capital.

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.

The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail on the directors' dealing in the Ordinary Shares.

**ENDS**

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

 
 Vast Resources plc                      www.vastplc.com 
  Andrew Prelea (CEO)                     +44 (0) 20 7846 0974 
  Andrew Hall (CCO) 
 Beaumont Cornish - Financial            www.beaumontcornish.com 
  & Nominated Advisor                     +44 (0) 20 7628 3396 
  Roland Cornish 
  James Biddle 
 Shore Capital Stockbrokers              www.shorecapmarkets.co.uk 
  Limited - Joint Broker                  +44 (0) 20 7408 4050 
  Jerry Keen (Corporate Broking) 
  Toby Gibbs / James Thomas (Corporate 
  Advisory) 
 Axis Capital Markets Limited            www.axcap247.com 
  - Joint Broker                          +44 (0) 20 3206 0320 
  Richard Hutchison

ABOUT VAST RESOURCES PLC

Vast Resources plc is a United Kingdom AIM listed mining company with mines and projects in Romania 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 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 was commissioned in 2015, currently on care and maintenance. The Company has 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.

In Zimbabwe, the Company is focused on the commencement of the joint venture mining agreement on the Community Diamond Concession, Chiadzwa, in the Marange Diamond Fields.

 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                   Paul Fletcher 
     --------------------------------------  ------------------------------- 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status:                        Finance Director 
     --------------------------------------  ------------------------------- 
 b)   Initial notification/Amendment:         Initial notification 
     --------------------------------------  ------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name:                                   Vast Resources Plc 
     --------------------------------------  ------------------------------- 
 b)   LEI:                                    213800QXLO766CMGCQ60 
     --------------------------------------  ------------------------------- 
 4.   Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ----------------------------------------------------------------------- 
 a)   Description of the financial            Ordinary shares of 
       instrument, type of instrument:         GBP0.1 each 
       Identification code: 
     --------------------------------------  ------------------------------- 
 b)   Nature of the transaction:              Share purchase 
     --------------------------------------  ------------------------------- 
 c)   Price(s) and volume(s):                   Price(s)      Volume(s) 
                                                 GBP0.06875    365,000 
                                                              ---------- 
     --------------------------------------  ------------------------------- 
 d)   Aggregated information:                   Price(s)      Volume(s) 
       Aggregated volume:                        GBP0.06875    365,000 
       Price:                                                 ---------- 
     --------------------------------------  ------------------------------- 
 e)   Date of the transaction:                10 August 2021 
     --------------------------------------  ------------------------------- 
 f)   Place of the transaction:               AIM, London Stock 
                                               Exchange 
     --------------------------------------  -------------------------------

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END

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August 10, 2021 06:00 ET (10:00 GMT)

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