Adriatic Metals PLC Launch of Vocational Training Programme
May 19 2021 - 3:30AM
RNS Non-Regulatory
TIDMADT1
Adriatic Metals PLC
19 May 2021
Adriatic Metals PLC
('Adriatic Metals' or the 'Company')
ADRIATIC METALS & EBRD LAUNCH
VOCATIONAL TRAINING PROGRAMME
Adriatic Metals PLC (ASX:ADT, LSE:ADT1) and its subsidiary
Eastern Mining d.o.o. recently announced the launch of a new
educational course at Nordbat 2 Secondary Mixed School in Vares,
Bosnia, dedicated to new techniques in mining.
The course, which will be offered to all children over the age
of 14 in the Vares and Breza municipalities, will focus on latest
technology and advancements in the mining sector, ensuring that the
students receive a mining education that encompasses all the sector
has to offer.
Paul Cronin, CEO of Adriatic Metals, commented:
"Investing in the future of mining does not mean investing only
in technology and machinery but in the people, who are at, the core
of any mining operation. The Vares and Breza municipalities have a
long history with mining. This course aims to revive the local
community's idea of mining and educate young people on the recent
advances in mining.
"As in some other regions and countries, the mining industry has
had negative aspects to its reputation, however we aim to highlight
the differences between the historic styles of mining and new
projects improved methods and standards.
"Our key aim with the vocational mining course is to try to keep
young people in Vares and provide long term opportunities for this
generation. Adriatic Metals is a company that thrives only as much
as the community within which it operates, thrives."
The course will span 3 years as part of the regular curriculum
at Nordbat 2, focusing on providing the necessary baseline skills
and knowledge required to work within the mining industry,
particularly underground metalliferous (hard rock) mining.
Adriatic will offer 10 scholarships to the top students,
following which they will be offered a 12-month internship once
completing the course and graduating from Nordbat 2. The best
performing student will receive a scholarship from Adriatic Metals
to see them through their University career.
Eastern Mining, along with Nordbat 2, the Ministry of Education,
Science, Culture and Sport of Zenica-Doboj Canton, will ensure that
all interested parties receive the necessary information and
details about this new course and the enrollment process in the
next few weeks. It is of the upmost importance to Adriatic Metals
and Eastern Mining that this course is available to all students.
The project was also supported by EBRD Technical Cooperation Fund
and the Centre for The Development of Children and Youth
(CRDM).
Mirnes Hrvat, director of NORDBAT-2 Mixed High School in Vareš
said: " We are especially proud of the fact that the introduction
of this course is a response to the real needs of the labour
market, which is not a common occurrence here or in the region.
Eastern Mining's decision to invest in this direction shows their
commitment to educating high-quality staff. The practical part of
this course will take place in the facilities of Eastern Mining,
where students will not be mere observers, but will participate,
fully, in all phases of modern mining production."
** ENDS **
For further information please visit www.adriaticmetals.com ;
@AdriaticMetals on Twitter; or contact:
Adriatic Metals PLC
Paul Cronin / Emma Chetwynd Stapylton Tel: +44 (0) 7515 357842
Tavistock Communications Limited
Charles Vivian Tel: +44 (0) 7977 297903
Annabel de Morgan Tel: +44 (0) 7715 164296
Gareth Tredway Tel: +44 (0) 7785 974264
The Capital Network
Julia Maguire/Lelde Smits Tel: +61 2 8999 3699
ABOUT ADRIATIC METALS
Adriatic Metals Plc (ASX:ADT, LSE:ADT1) is a precious and base
metals explorer and developer that owns the world-class Vares
Silver Project in Bosnia & Herzegovina and holds licences
across the Raska District in Serbia.
The Vares project's captivating economics and impressive
resource inventory have attracted Adriatic's highly experienced
team, which is expediting exploration efforts to expand the current
JORC resource. Results of a recent pre-feasibility study announced
on 15 October 2020 indicate a post-tax NPV(8) % of US$1,040 million
and IRR of 113%. Leveraging its first-mover advantage, Adriatic is
rapidly advancing the project into the development phase and
through to production with significant cornerstone investment of
US$28 million from Queen's Road Capital Investment and EBRD.
There have been no material changes to the assumptions
underpinning the forecast financial information derived from the
production target in the 15 October 2020 announcement and these
assumptions continue to apply. There have been no material changes
to the assumptions and technical parameters on the updated Mineral
Resource Estimate announced on 1 September 2020 and these
assumptions continue to apply.
Adriatic Metals acquired TSX-listed Tethyan Resource Corp in
2020, to advance the former Kizevak and Sastavci polymetallic mines
in the Raska District, southern Serbia.
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