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Pin to quick picksAdriatic Metal. Share News (ADT1)

Share Price Information for Adriatic Metal. (ADT1)

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Share Price: 234.50
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Change: -5.50 (-2.29%)
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Open: 233.00
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Low: 231.00
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Adriatic Metals Poaches Avesoro Resources Finance Chief Geoff Eyre

Mon, 06th Jan 2020 10:53

(Alliance News) - Adriatic Metals PLC said Monday it has made two new management appointments, including Geoff Eyre as chief financial officer.

Eyre will replace Sean Duffy, who will be stepping down with effect on March 6 after three years in the role since 2017.

Eyre is currently chief financial officer of African gold producer Avesoro Resources PLC since 2016.

Adriatic Metals - a mining company which operates the Vares project in Bosnia & Herzegovina - also announced the appointment of Philip Cox as chief geologist.

He will be replacing Bob Arnett, who retired in 2019. Fox's most recent role was as project manager at Canada-based Toachi Mining Inc, which operates on the La Mina volcanogenic massive sulfide ore deposit in Ecuador.

"The addition of both Geoff and Phil to the senior management team at Adriatic clearly shows our intent to develop our existing assets into production, and expand our known resource base in this prolific district. I would personally like to thank Bob and Sean for their service to Adriatic, both joining the company early in its life and making a valuable contribution to its success," said Chief Executive Officer Paul Cronin.

Shares in Adriatic Metals - which is headquartered in Cheltenham - were down 1.7% at 91.00 pence on Monday in London.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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21 Jun 2023 09:51

Adriatic Metals says close to completion at Vares silver project

(Alliance News) - Adriatic Metals PLC said on Wednesday that construction at the Vares silver project in Bosnia and Herzegovina was near complete and that it will reach ore in the next two weeks.

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15 Jun 2023 10:07

IN BRIEF: Adriatic Metals reports high-grade mineralisation at Rupice

Adriatic Metals PLC - operator of Vares silver project in Bosnia & Herzegovina - Exceeds exploration objectives at the Rupice Northwest mineral deposit in the Vares project. Reconfirms Rupice Northwest lower zone as a copper and gold rich body. Notes mineralisation extension achieved to the west and south-west towards Rupice. Says infill drilling in the second quarter of 2023 showed continuity in high grades and mineralisation thickness between previously drilled holes, de-risking Rupice Northwest to an indicated resource level of confidence. Says advancement of regional exploration programme continues, having started the drilling of a fourth diamond drill rig at Rupice West this month. Adds drilling results will be included in an updated mineral resource estimate for Rupice in July.

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15 Jun 2023 09:12

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15 Jun 2023 07:55

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
25 Apr 2023 14:14

Adriatic Metals draws down third tranche of debt financing from Orion

(Alliance News) - Adriatic Metals PLC said on Tuesday it has drawn down the third USD30 million tranche of senior secured debt from Orion Mine Finance.

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20 Apr 2023 10:34

Adriatic Metals reports high-grade mineralisation at Rupice Northwest

(Alliance News) - Adriatic Metals PLC on Thursday said that a new elevated base and precious metals zone has been identified below the footwall of the Rupice Northwest deposit.

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17 Apr 2023 10:49

Adriatic Metals Vares project 70% complete, delayed until November

(Alliance News) - Adriatic Metals PLC said on Monday its Vares project will begin production later this year and drew down the second tranche of senior secure debt.

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31 Mar 2023 12:10

Adriatic Metals loss widens as Vares project construction continues

(Alliance News) - Adriatic Metals PLC said on Friday its loss in 2022 widened amid an increase in expenses

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27 Feb 2023 10:34

Adriatic Metals drilling at Rupice demonstrates sulphide deposits

(Alliance News) - Adriatic Metals PLC on Monday said its exploration drilling at the Rupice Northwest project in 2022 was successful, showing that a trend of "thick, high-grade massive" sulphide mineralisation continuing.

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13 Feb 2023 07:54

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(Alliance News) - Stocks in London were set to open slightly higher on Monday, though held back from bigger gains by hawkish comments from central bankers about interest rates.

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13 Feb 2023 07:48

Adriatic Metals draws down second tranche of debt financing for Vares

(Alliance News) - Adriatic Metals PLC on Monday said it has drawn down on the second tranche of its senior secured debt in order to continue constructing the Vares project in Bosnia & Herzegovina.

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31 Jan 2023 12:01

Adriatic Metals hails potential of flagship asset on drilling progress

(Alliance News) - Adriatic Metals PLC on Tuesday said it remains on track to deliver progress at its flagship project, as it nears production at the asset.

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12 Jan 2023 12:45

Adriatic Metals says Rupice NW test still showing high-grade sulphide

(Alliance News) - Adriatic Metals PLC on Thursday said its drilling campaign at the Rupice Northwest section of the Vares silver project is still indicating high-grade sulphide mineralisation.

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30 Dec 2022 09:50

Adriatic Metals draws down first USD30 million tranche of debt package

(Alliance News) - Adriatic Metals PLC on Friday said it made the first drawdown of its USD142.5 million debt packages with asset management firm Orion Resource Partners LLP.

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