Total Voting Rights

RNS Number : 5384X

Adriatic Metals PLC

01 September 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) confirms that as at 31 August 2020, the Company's issued share capital comprises 182,340,987 ordinary shares of £0.013355 par value per share, with each share carrying the right to one vote. The Company does not hold any ordinary shares in treasury.

The above figure of 182,340,987 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 the Company under the FCA's Disclosure and Transparency Rules."

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

The statement is available on the Company's website:
https://www.adriaticmetals.com/investors/asx-announcements/

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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]
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.

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.

 

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