Post-AGM Corporate Presentation and Investor Q&A

RNS Number : 1498Y

Adriatic Metals PLC

11 May 2021

 

Adriatic Metals PLC 

('Adriatic Metals' or the 'Company')

INVITATION TO POST-AGM CORPORATE

PRESENTATION AND INVESTOR Q&A

Adriatic Metals PLC (ASX:ADT, LSE:ADT1) ("Adriatic" or the "Company") is pleased to provide the registration details for the post-AGM virtual corporate presentation and Q&A, which will be held on 20 May 2021.

Pursuant to the notice of AGM dated 28 April 2021, the 2021 Annual General Meeting of Adriatic Metals Plc will be held at Ground Floor, Regent House, 65 Rodney Road, Cheltenham GL50 1HX, United Kingdom on Thursday, 20 May 2021 at 7.00am UK / 2:00pm Perth / 4:00pm Sydney. A copy of the AGM Notice is available on the company's website and can be viewed at https://www.adriaticmetals.com/investors/agm/.

As a result of the Coronavirus (COVID-19) pandemic, and in line with the restrictions on public gatherings imposed by the UK Government, the Board decided that this year's AGM will take place behind closed doors with the minimum attendance required to form a quorum.

However, after the AGM on Thursday, 20 May 2021 at 7.30am UK / 2:30pm Perth / 4:30pm Sydney, the Company will host a live online session to run through the AGM results, the corporate presentation as well as Q&A. Those wishing to ask questions are invited to submit their questions, by email to Thomas Horton at [e-mail], no later than 6:00pm UK time on 18 May 2021.

Click on the following link to register for the online session:

https://us02web.zoom.us/webinar/register/WN_damP6zhtQk6EFOmbOYK7Uw

Authorised by, and for further information please contact:

Paul Cronin
Managing Director & CEO
[e-mail]

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

Adriatic Metals PLC
Paul Cronin / Thomas Horton	Tel: [phone]
Canaccord Genuity Limited (Joint Corporate Broker)
Jeremy Dunlop (Australia)	Tel: [phone]
James Asensio  (UK)	Tel: [phone]
RBC Capital Markets (Joint Corporate Broker)
Marcus Jackson / Jamil Miah	Tel: [phone]
Stifel Nicolaus Europe Limited (Joint Corporate Broker)
Ashton Clanfield / Callum Stewart	Tel: [phone]
Tavistock Communications Limited
Charles Vivian	Tel: [phone]
The Capital Network
Julia Maguire / Lelde Smits	Tel: [phone]

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 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-V 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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