Vast Resources plc

Director Share Purchase

Director Share Purchase

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

7 July 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 7 July 2021 that Mr Brian Moritz, Chairman of the Company, purchased 200,000 ordinary shares of 0.1 pence each in the share capital of the Company (“Ordinary Shares”) at a price of 7.75 pence per Ordinary Share on the Secondary Market.

Following this purchase, Mr Moritz’s total beneficial ownership in the Company is 450,000 Ordinary Shares, which represents approximately 0.21% 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.


For further information, visit or please contact:

Vast Resources plc
Andrew Prelea (CEO)
Andrew Hall (CCO)
+44 (0) 20 7846 0974
Beaumont Cornish – Financial & Nominated Advisor
Roland Cornish
James Biddle
+44 (0) 20 7628 3396
Shore Capital Stockbrokers Limited Joint Broker
Jerry Keen (Corporate Broking)
Toby Gibbs / James Thomas (Corporate Advisory)

www. shorecapmarkets .co .uk
 +44 (0) 20 7408 4050
Axis Capital Markets Limited Joint Broker
Richard Hutchison

www. axcap247 .co m
 +44 (0) 20 3 206 0320


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.


Details of the person discharging managerial responsibilities/person closely associated



Brian Moritz


Reason for the notification





Initial notification/Amendment:

Initial notification


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor



Vast Resources Plc





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


Description of the financial instrument, type of instrument:

Identification code:

Ordinary shares of £0.1 each

 ISIN: GB00BMD68046


Nature of the transaction:

Share purchase


Price(s) and volume(s):

Price(s) Volume(s)
£0.0775 200,000


Aggregated information:

Aggregated volume:


Price(s) Volume(s)
£0.0775 200,000


Date of the transaction:

7 July 2021


Place of the transaction:

AIM, London Stock Exchange