TIDMADT1

RNS Number : 4163Q

Adriatic Metals PLC

26 February 2021

Adriatic Metals PLC

('Adriatic Metals' or the 'Company')

(ASX:ADT, LSE:ADT1)

BLOCK LISTING SIX MONTHLY RETURN

 
 Name of applicant:                                                     Adriatic Metals PLC 
 Name of scheme:                                                        Employees' and Consultants' Incentive Plan 
                                                                       ----------------------------------------------- 
 Period of return:                             From:                    27/08/2020         To:      26/02/2021 
                                              -----------------------  -----------------  -------  ------------------- 
 Balance of unallotted securities under scheme(s) from previous 
  return:                                                               17,500,000 
                                                                       ----------------------------------------------- 
 Plus: The amount by which the block scheme(s) has been increased       n/a 
 since the date of the last 
 return (if any increase has been applied for): 
                                                                       ----------------------------------------------- 
 Less: Number of securities issued/allotted under scheme(s) during 
  period (see LR3.5.7G):                                                2,050,000 
                                                                       ----------------------------------------------- 
 Equals: Balance under scheme(s) not yet issued/allotted at end of 
  period:                                                               15,450,000 
                                                                       ----------------------------------------------- 
 
 
 
 Name of contact:                Geoffrey Eyre 
 Telephone number of contact:    +44 (0) 207 993 0066 
                                --------------------- 
 

Note: Italicised terms have the same meaning as given in the Listing Rules.)

** 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 
 Edward Lee                              Tel: +44 (0) 7736 220565 
 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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February 26, 2021 02:00 ET (07:00 GMT)