Vast Resources Changes Registered Office to Huckletree Bishopsgate

Vast Resources plc, a mining company listed on the AIM, has changed its registered office to Huckletree Bishopsgate, London EC2N 4BQ. The company has mines and projects in Romania, Tajikistan, and Zimbabwe. Its Romanian portfolio includes the Baita Plai Polymetallic Mine and the Manaila Polymetallic Mine, while its interest in a joint venture in Tajikistan provides exposure to a near-term revenue opportunity from the Takob Mine processing facility.

Vast Resources plc, a mining company listed on the AIM, has announced a change in its registered office. Effective immediately, the company's registered office has been moved from 60 Gracechurch Street, London EC3V 0HR, to c/o Arch Law Limited, Huckletree Bishopsgate, 8 Bishopsgate, London EC2N 4BQ [1].

Registered Office Change

The change in registered office is a procedural adjustment that does not impact the company's operations or financial standing. Vast Resources continues to operate with its existing mines and projects in Romania, Tajikistan, and Zimbabwe.

Romanian Operations

Vast Resources' Romanian portfolio includes significant assets. The Baita Plai Polymetallic Mine, located in the Apuseni Mountains, Transylvania, has a JORC compliant Reserve & Resource Report, which underpins an initial mine production life of approximately 3-4 years. The mine has an in-situ total mineral resource of 15,695 tonnes copper equivalent, with a further 1.8M-3M tonnes exploration target. The company is working to confirm an enlarged exploration target of up to 5.8M tonnes [1].

Additionally, Vast Resources 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 been granted the Manaila Carlibaba Extended Exploitation Licence, allowing it to re-examine the exploitation of mineral resources within the larger Manaila Carlibaba licence area [1].

Tajikistan Operations

In Tajikistan, Vast Resources has an interest in a joint venture company that provides exposure to a near-term revenue opportunity from the Takob Mine processing facility. The company is entitled to a 12.25 percent royalty over all sales of non-ferrous concentrate and any other metals produced [1].

Furthermore, Vast Resources has been contracted to develop and manage the Aprelevka gold mines on behalf of Gulf International Minerals Ltd. Under this agreement, the company is entitled to 10% of the earnings that Gulf receives from its 49% interest in Aprelevka in a joint venture with the government of Tajikistan. Aprelevka holds four active operational mining licences, currently producing approximately 11,600oz of gold and 116,000 oz of silver per annum. The company aims to increase Aprelevka’s production closer to its historical peak production rates [1].

Recent Developments

Vast Resources has also announced the exercise of warrants over a total of 202,000,000 new ordinary shares at an exercise price of 0.4p per Warrant Share, raising £808,000 for the company [2]. The application for the admission of these Warrant Shares to trading on AIM has been made, and it is expected that dealings will commence on or around 13 May 2024. Following admission, the enlarged issued ordinary share capital of Vast will consist of 3,005,607,357 Ordinary Shares with one voting right per Ordinary Share [2].

Conclusion

The change in registered office and recent developments demonstrate Vast Resources' ongoing commitment to its mining operations and exploration activities. The company's strategic focus on high-quality projects and exploration targets positions it for future growth and potential returns for investors.

References

[1] https://www.globenewswire.com/news-release/2025/05/15/3082024/0/en/Change-of-Registered-Office.html
[2] https://www.globenewswire.com/news-release/2025/05/12/3079281/0/en/Exercise-of-Warrants.html