Statement re Appendix 3Z

RNS Number : 2813Q

Adriatic Metals PLC

18 June 2020

 

Adriatic Metals PLC

('Adriatic Metals' or the 'Company')

Appendix 3Z

Adriatic Metals plc (ASX: ADT/ LON: ADT1) advises that an Appendix 3Z Statement (Final Director's Interest Notice) 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 **

This announcement is authorised for release by Paul Cronin, Managing Director & CEO.

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, Edward Lee and 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.

 

END

 

 

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