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: +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

 

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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