Payments to Governments

Adriatic Metals PLC

28 June 2024

 

28 June 2024

Adriatic Metals PLC 

("Adriatic Metals" or the "Company")

Report on Payments to Governments for the Year Ended 31 December 2023

Adriatic Metals (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) advises, in accordance with DTR 4.3A and in compliance with The Reports on Payments to Governments Regulations 2014 as amended (the Regulations), the payments made by the Company and its subsidiaries to governments for the year ended 31 December 2023.

Beneficiary of payment	Nature of payment
(In USD'000)	Production entitlements	Taxes paid	Royalties paid	Dividends paid	Signature, discovery and production bonuses paid	Licence fees, rental fees, entry fees and other considerations for licences and/or concessions paid	Infrastructure improvements paid	Total
Bosnia and Herzegovina
Federation of Bosnia and Herzegovina	-	-	-	-	-	-	-	-
Municipality Vares						298	-	298
Ze Do Canton	-	-	-	-	-	128	-	128
Total	-	-	-	-	-	426	-	426

Basis of preparation:

a)   Payments made in currencies other than USD are translated at the average foreign exchange rate for the relevant month.

b)   Taxes paid include taxes levied on the income, production or profits of companies but excludes any taxes levied on consumption such as value added taxes, personal income taxes or sales taxes.

This report is available for download at https://www.adriaticmetals.com/investors/lse-announcements/

** ENDS **

Authorised by Paul Cronin, Managing Director & CEO

For further information please visit: www.adriaticmetals.com; email: [e-mail], @AdriaticMetals on Twitter; or contact:

Adriatic Metals PLC
Paul Cronin / Klara Kaczmarek	Via Buchanan
Buchanan	Tel: [phone]
Bobby Morse / Christopher Jones	[e-mail]
Morgans Corporate Limited
Rob Douglas / Sam Warriner / Mitch Duffy	Tel: [phone]
RBC Capital Markets
Farid Dadashev / James Agnew / Jamil Miah	Tel: [phone]
Stifel Nicolaus Europe Limited
Ashton Clanfield / Callum Stewart / Varun Talwar	Tel: [phone]
Morrow Sodali
Cameron Gilenko	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. First concentrate production took place in February 2024 and the Vares Silver Operation is fully funded to nameplate production, which is expected in Q4 2024. Concurrent with ongoing operational activities, the Company continues to explore across its highly prospective 44km² concession package.

 

END