| Market cap (m) | £4.5 |
| Enterprise value (m) | £13.5 |
Vast Resources PLC is focused on key mining opportunities in Romania, Zimbabwe and Tajikistan. The Group operates in one business segment, the development and mining of mineral assets. It is a resource development company producing copper concentrate, zinc concentrate and gold and silver concentrate from Manaila Polymetallic Mine based at Romania. It has interest in the underground mine, Baita Plai, which is a skarn deposit comprising veins in calcareous sediments in approximately eight distinct pipes. The geographical segments of the company includes Europe and Central Asia and Southern Africa. It has earned revenue from Europe and Central Asia.
Vast Resources PLC reported completion of an initial diamond tender involving lower-value stones, which were sold at an average price per carat. A separate parcel of gem-quality stones was retained and was not included in this initial tender.
The company stated that the tender process establishes a basis for future tenders and its capability to market its diamonds, including higher-value stones. It also noted that references to the quality of stones are indicative only.