Block Listing Six Monthly Return

RNS Number : 1685D

Adriatic Metals PLC

01 March 2022

 

Adriatic Metals PLC 

("Adriatic Metals" or "Company")

(ASX:ADT, LSE:ADT1, OTCQX:ADMLF )

BLOCK LISTING SIX MONTHLY RETURN

Name of applicant:		Adriatic Metals PLC
Name of scheme:		Employees' and Consultants' Incentive Plan
Period of return:	From:	27/08/2021	To:	26/02/2022
Balance of unallotted securities under scheme(s) from previous return:		10,933,065
Plus:   The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for):		n/a
Less:   Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G):		2,478,358
Equals:   Balance under scheme(s) not yet issued/allotted at end of period:		8,454,707

Name of contact:	Geoffrey Eyre
Telephone number of contact:	[phone]

(Note: Italicised terms have the same meaning as given in the Listing Rules.)

** ENDS **

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

Adriatic Metals PLC
Paul Cronin / Thomas Horton	Tel: [phone]
Canaccord Genuity Limited (Joint Corporate Broker)
Jeremy Dunlop (Australia)	Tel: [phone]
James Asensio  (UK)	Tel: [phone]
RBC Capital Markets (Joint Corporate Broker)
Marcus Jackson / Jamil Miah	Tel: [phone]
Stifel Nicolaus Europe Limited (Joint Corporate Broker)
Ashton Clanfield / Callum Stewart	Tel: [phone]
Buchanan
Bobby Morse / Ariadna Peretz	Tel: [phone]
The Capital Network
Julia Maguire / Lelde Smits	Tel: [phone]

ABOUT ADRIATIC METALS

Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) is a precious and base metals developer that is advancing the world-class Vares Silver Project in Bosnia & Herzegovina, as well as the Raska Zinc-Silver Project in Serbia.

The Vares Silver Project is fully-funded to production, which is expected in Q2 2023. The 2021 Project Definitive Feasibility Study boasts robust economics of US$1,062 million post-tax NPV8, 134% IRR and a capex of US$168 million. Concurrent with ongoing construction activities, the Company continues to explore across its highly prospective 41km² concession package.

There have been no material changes to the assumptions underpinning the forecast financial information derived from the production target in the 19 August 2021 DFS announcement and these assumptions continue to apply and have not materially changed. Adriatic Metals is not aware of any new information or data that materially affects the information included in the announcement of the updated Mineral Resource Estimate announced on 1 September 2020 and all material assumptions and technical parameters underpinning the Mineral Resource Estimate continue to apply and have not materially changed.

 

END

 

 

BLRUPUGCWUPPUQG