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RNS Number : 3079F

Adriatic Metals PLC

06 March 2020

 

06 March 2020

Adriatic Metals PLC 

('Adriatic Metals' or the 'Company')

Total Voting Rights

In accordance with the FCA's Disclosure and Transparency Rule 5.6.1(R), Adriatic Metals plc (ASX: ADT/ LON: ADT1) (Adriatic, or the Company) advises that, the Company's issued share capital comprises 179,640,987 ordinary shares with a par value of £0.013355 per share. Each ordinary share carries the right to one vote. Adriatic does not hold any ordinary shares in treasury.

The above figure of 179,640,987 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or of a change to their interest in Adriatic under the FCA's Disclosure and Transparency Rules.

The Company has also, in accordance with ASX Listing Rule 4.11, issued an Appendix 4A statement (monthly confirmation of CDIs in issue) to the Australian Securities Exchange (ASX).

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

Adriatic Metals PLC	Tel: [phone]
Paul Cronin / Emma Chetwynd Stapylton
Blytheweigh (IR/PR Contact)	Tel: [phone]
Camilla Horsfall / Megan Ray

ABOUT ADRIATIC METALS

Adriatic Metals PLC (ASX:ADT, LON:ADT1) ("Adriatic" or the "Company") is a dual listed (ASX and LSE) precious and base metals explorer and developer via its 100% interest in the world class Vares Project (the "Project") in Bosnia & Herzegovina. The Project comprises a historic open cut mine at Veovaca and brownfield exploration at Rupice, an advanced proximal deposit which exhibits exceptionally high grades of base and precious metals.

The Company announced the results of a Scoping Study on 19 November 2019 which indicated an NPV₈ of US$917 million and IRR of 107%, following the release of a Maiden Resource Estimate earlier the year on 23 July 2019. There have been no material adverse changes in the assumptions underpinning the forecast financial information or material assumptions and technical parameters underpinning the Maiden Resource Estimate since the original relevant market announcements which continue to apply.

Adriatic has attracted a world class team to both expedite its exploration efforts to expand the current JORC resource at the high-grade Rupice deposit and to rapidly advance the Project into the development phase utilising its first mover advantage and strategic position in Bosnia.

 

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