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Adriatic Metals (ADT1)

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Thursday 07 May, 2020

Adriatic Metals

Statement re: Statement of CDIs in issue

RNS Number : 1747M
Adriatic Metals PLC
07 May 2020
 

 

Adriatic Metals PLC 

('Adriatic Metals' or the 'Company')

 

 

Statement of CDIs in issue

Adriatic Metals plc (ASX: ADT/ LON: ADT1) advises that, in accordance with ASX Listing Rule 4.11, an Appendix 4A statement (monthly confirmation of CDIs in issue) has been issued to the Australian Securities Exchange (ASX).

The statement is available on the Company's website:
https://www.adriaticmetals.com/investors/asx-announcements/

 

** ENDS **

 

For further information please visit  www.adriaticmetals.com ,   @AdriaticMetals on Twitter, or contact:

 

Adriatic Metals PLC

Tel: +44 (0)20 7993 0066

Paul Cronin / Emma Chetwynd Stapylton




Blytheweigh (IR/PR Contact)

Tel: +44 (0)20 7138 3204

Camilla Horsfall / Megan Ray




 

ABOUT ADRIATIC METALS

Adriatic Metals PLC is a dual listed (ASX and LSE) precious and base metals explorer and developer via its 100% interest in the world class Vares Project (the "Project") in Bosnia & Herzegovina. The Project comprises a historic open cut mine at Veovaca and brownfield exploration at Rupice, an advanced proximal deposit which exhibits exceptionally high grades of base and precious metals.

 

The Company announced the results of a Scoping Study on 19 November 2019 which indicated an NPV8 of US$917 million and IRR of 107%, following the release of a Maiden Resource Estimate earlier the year on 23 July 2019. There have been no material adverse changes in the assumptions underpinning the forecast financial information or material assumptions and technical parameters underpinning the Maiden Resource Estimate since the original relevant market announcements which continue to apply.

 

Adriatic has attracted a world class team to both expedite its exploration efforts to expand the current JORC resource at the high-grade Rupice deposit and to rapidly advance the Project into the development phase utilising its first mover advantage and strategic position in Bosnia.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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