Result of the Ordinary General Assembly Meeting

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

December 20, 2024

Broad Resources plc
(“Broad” or “Company”)

Annual General Assembly Results

AIM-listed mining company Vast Resources plc is pleased to announce that all of the resolutions proposed at the Company’s Annual General Meeting held earlier today have been duly adopted by proxy vote as follows:

Resolution 1: 96.49%
Resolution 2: 86.72%
Resolution 3: 84.38%
Resolution 4: 92.18%
Resolution 5: 87.29%
Resolution 6: 84.37%
Resolution 7: 84.29%
Resolution 8: 84.29%
Resolution 9: 84.30%
Resolution 10: 84.30%

**FINISHED**

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

Broad Resources plc Andrew Prelea (CEO)	www.vastplc.com +44 (0) 20 7846 0974
Beaumont Cornish – Financial and Prospective Advisor Roland Cornish James Biddle	www.beaumontcornish.com +44 (0) 20 7628 3396
Shore Capital Stockbrokers Limited – Partner Broker Toby Gibbs / James Thomas (Corporate Consulting)	www.shorecapmarkets.co.uk +44 (0) 20 7408 4050
Axis Capital Markets Limited – Partner Broker Richard Hutchinson	www.axcap247.com +44 (0) 20 3206 0320
St Brides Partners Limited Susie Geliher	www.stbridespartners.co.uk +44 (0) 20 7236 1177

ABOUT Vast Resources PLC

Vast Resources plc is a UK AIM-listed mining company with mines and projects in Romania, Tajikistan and Zimbabwe.

The company focuses on the rapid progress of high-quality projects by restarting production in previously producing mines in Romania.

The company’s Romanian portfolio includes a 100% stake in Vast Baita Plai SA, which owns 100% of the producing Baita Plai Polymetallic Mine, located in the Apuseni Mountains in Transylvania, home to Romania’s largest polymetallic mines. The mine has a JORC compliant Reserve and Resource Report supporting an initial mine production life of approximately 3-4 years with an in-place total mineral resource of 15,695 tonnes copper equivalent and an exploration target of an additional 1.8 million tonnes. The company is currently working to confirm an expanded exploration target of up to 5.8 million tonnes.

The company also owns the Manaila Polymetallic Mine in Romania, which the company plans to return to production after a period of maintenance and repair. The Company has also been granted the Manaila Carlibaba Expanded Exploitation License which will enable the Company to re-examine the exploitation of mineral resources within the larger Manaila Carlibaba license area.

Vast has an interest in a joint venture company that provides a near-term revenue opportunity from the Takob Mine processing facility in Tajikistan. The 100% financed Takob Mine opportunity will provide Vast with a 12.25 percent royalty on all sales of non-ferrous concentrate and other metals produced.

Vast was also contractually appointed to manage and develop the Aprelevka Gold Mines, located along the Tien Shan Belt across Central Asia, which at the time of its appointment were producing approximately 11,600 ounces of gold and 116,000 ounces of silver annually. The aim is to bring production closer to the historical peak of 27,000 ounces of gold and 250,000 ounces of silver. Vast has the right to acquire a 4.9% effective interest in the mines, with an option to purchase shares in the future.

The Company maintains a presence in Zimbabwe regarding the Historical claims.

Nominated Advisor Statement

Beaumont Cornish Limited (“Beaumont Cornish”) is the Appointed Adviser to the Company and is authorized and regulated in the United Kingdom by the Financial Conduct Authority. Beaumont Cornish’s responsibilities as the Company’s Appointed Adviser, including its responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and the AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting on behalf of, and will not be liable to, any other person to provide the protections afforded to Beaumont Cornish customers or to advise them in relation to the proposed regulations described in the announcement or any matters referred to in the announcement.