Adriatic Metals PLC PROJECT VIDEO UPDATE
November 10 2023 - 1:00AM
RNS Non-Regulatory
TIDMADT1
Adriatic Metals PLC
10 November 2023
10 November 2023
Adriatic Metals PLC
("Adriatic Metals" or the "Company")
PROJECT VIDEO UPDATE
Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF ) , has
produced an updated project video on the ongoing construction and
development of the Vares Silver Project in Bosnia &
Herzegovina.
To view the video, please look at our website:
https://www.adriaticmetals.com/news/project-update-october-2023/
*ends*
MARKET ABUSE REGULATION DISCLOSURE
The information contained within this announcement is deemed by
the Company (LEI: 549300OHAH2GL1DP0L61) to constitute inside
information for the purposes of Article 7 of the Market Abuse
Regulation (EU) No 596/2014 as it forms part of UK domestic law by
virtue of the European Union (Withdrawal) Act 2018 as amended ("UK
MAR"), and Article 7 of the Market Abuse Regulation (EU) No.
596/2014 ("EU MAR").
The person responsible for arranging and authorising the release
of this announcement on behalf of the Company is Paul Cronin,
Managing Director and CEO.
For further information please visit: www.adriaticmetals.com ;
email: info@adriaticmetals.com , @AdriaticMetals on Twitter; or
contact:
Adriatic Metals PLC
Paul Cronin / Klara Kaczmarek Via Buchanan
Buchanan Tel: +44 (0) 20 7466
5000
Bobby Morse / Oonagh Reidy adriatic@buchanan.uk.com
Morgans Corporate Limited
Rob Douglas / Sam Warriner / Mitch Duffy Tel: +61 7 3334 4888
RBC Capital Markets
James Agnew / Jamil Miah Tel: +44 (0) 20 7653
4000
Stifel Nicolaus Europe Limited
Ashton Clanfield / Callum Stewart / Varun Tel: +44 (0) 20 7710
Talwar 7600
Citadel Magnus
Cameron Gilenko Tel: +61 2 8234 0100
ABOUT ADRIATIC METALS
Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) is a
precious and base metals developer that is advancing the
world-class Vares Silver Project in Bosnia & Herzegovina, as
well as the Raska Zinc-Silver Project in Serbia.
The Vares Silver Project is fully-funded to production, which is
expected in January 2024. The 2021 Project Definitive Feasibility
Study boasts robust economics of US$1,062 million post-tax NPV8,
134% IRR and a capex of US$168 million. Concurrent with ongoing
construction activities, the Company continues to explore across
its highly prospective 44km(2) concession package.
The Mineral Resource estimate for the Rupice underground deposit
comprising part of the Vares Silver Project was updated in
accordance with ASX Listing Rule 5.8 on 27 July 2023. The Company
confirms that it is not aware of any new information or data that
materially affects the information included in the previous
announcement and that all material assumptions and technical
parameters underpinning the estimate in the previous announcement
continue to apply and have not materially changed.
The Ore Reserve estimate for the Rupice deposit comprising part
of the Vares Silver Project was announced in accordance with ASX
Listing Rule 5.9 on 19 August 2021. The Company confirms that it is
not aware of any new information or data that materially affects
the information included in the previous announcement and that all
material assumptions and technical parameters underpinning the
estimate in the previous announcement continue to apply and have
not materially changed.
In accordance with ASX Listing Rule 5.19, the Company confirms
that the production targets and forecast financial information for
the Vares Project were first disclosed in accordance with ASX
Listing Rules 5.16 and 5.17 in the Company's announcement dated 19
August 2021. The Company confirms that all the material assumptions
underpinning the production target and the forecast financial
information in the previous announcement continue to apply and have
not materially changed.
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END
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