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RNS Number : 0176H
Adriatic Metals PLC
01 December 2020
 

Adriatic Metals PLC 

("Adriatic Metals" or the "Company")

 

Total Voting Rights
 

In accordance with the FCA's Disclosure and Transparency Rule 5.6.1(R), Adriatic Metals plc (ASX:ADT, LON:ADT1) confirms that as at 30 November 2020, the Company's issued share capital comprises 202,096,519 ordinary shares of 0.013355 par value per share, with each share carrying the right to one vote. The Company does not hold any ordinary shares in treasury.

The above figure of 202,096,519 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or of a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

 

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MARKET ABUSE REGULATION DISCLOSURE

The information contained within this announcement is deemed by the Company (LEI: 549300OHAH2GL1DP0L61) to constitute inside ‎information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. 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 ,   @AdriaticMetals on Twitter, or contact:

Adriatic Metals PLC

 

Paul Cronin / Emma Chetwynd Stapylton

Tel: +44 (0) 203 950 9138

 

 

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 NPV8 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 European Bank for Reconstruction and Development .

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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