Regulatory Application

RNS Number : 3900V

Adriatic Metals PLC

06 August 2020

 

Adriatic Metals PLC 

('Adriatic Metals' or the 'Company')

Regulatory Application

Adriatic Metals PLC (ASX:ADT, LON:ADT1) confirms that following application to the UK Financial Conduct Authority 2,375,000 Ordinary Shares will be admitted to the standard segment of the ‎Official List of the UK Financial Conduct Authority on 7 August 2020. The Company has previously announced the issue and allotment of the 2,375,000 Ordinary Shares in the form of Chess Depository Interests in the capital of the Company in connection with the exercise of unlisted options.

Authorised by, and for further information please contact:

Paul Cronin
Managing Director & CEO
[e-mail]

** ENDS **

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

Adriatic Metals PLC
Paul Cronin / Emma Chetwynd Stapylton	Tel: [phone]
Tavistock Communications Limited
Charles Vivian	Tel: [phone]
Edward Lee	Tel:  [phone]
Gareth Tredway	Tel: [phone]
The Capital Network
Julia Maguire/Lelde Smits	Tel: [phone]

About Adriatic Metals

Adriatic Metals Plc (ASX:ADT, LON:ADT1) is a precious and base metals explorer and developer that owns the world-class advanced polymetallic Vares project in Bosnia & Herzegovina.

The Vares project consists of two high-grade polymetallic deposits, located at Rupice and Veovaca. Bosnia & Herzegovina is well-positioned in central Europe and boasts a strong mining history, pro-mining environment, highly-skilled workforce as well as extensive existing infrastructure and logistics.

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 scoping study indicate an NPV8 of US$917 million and IRR of 107%. Leveraging its first-mover advantage, Adriatic is rapidly advancing the project into the development phase and through to production.

 

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