Response to ASX Price Query

RNS Number : 6623S

Adriatic Metals PLC

10 July 2020

 

Adriatic Metals PLC 

('Adriatic Metals' or the 'Company')

Response to ASX Price Query

Adriatic Metals plc (ASX: ADT/ LON: ADT1) advises that the Company received a share price query letter from the Australian Securities Exchange (ASX) on 10 July 2020 following the a significant increase in the Company's share price on both the ASX and LSE.

Adriatic's response to the ASX price query is avaialble on the Company's website:
https://www.investi.com.au/api/announcements/adt/3869ea7b-f21.pdf

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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]

ABOUT ADRIATIC METALS

Adriatic Metals Plc (ASX:ADT, LSE: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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