Member Info for peterobert

https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=thg.L

https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=at.L

https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=adt1.L

https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=thg.L

https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=adt1.L

Am in at 164

https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=THG.L

https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=igas.L

https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=phe.L

http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221030:nASX54CcgK

https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=adt1.L

https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=kino.L

The Vares Project 2021 Definitive Feasibility Study boasts robust economics of US$1,062 million post-tax NPV8, 134% post-tax IRR and a capex of US$168 million. Adriatic is the only publicly listed mining company in Bosnia and Herzegovina and is leveraging its first-mover advantage. The company is well-funded and concurrent with advancing the construction of the Vares Silver Project, continues to explore across its large, highly prospective 41km2 concession package.
https://www.proactiveinvestors.co.uk/LON:ADT1/Adriatic-Metals-PLC

Adriatic Metals PLC - exploration and development company with key projects in Bosnia & Herzegovina and Serbia - Says the Vares silver project in Bosnia & Herzegovina remains on schedule with the first concentrate production planned for the third quarter of 2023. Says half of the total project construction is now complete. As at November 21, completes 277 metres of Lower Decline and 177 metres of Upper Decline.

Expects final project cost estimate to remain unchanged at USD173 million. Estimated cash balance stands at USD44.4 million as at November 25. Says it retains sufficient working capital reserves and contingency of USD10 million.

Chief Executive Officer Paul Cronin says: "I am pleased to report that the Vares Project remains on schedule and on budget with first concentrate production planned for Q3 2023. Today the project passed a significant milestone with 50% of project construction now complete. In addition, with 76% of the total construction capital committed, we will continue to address any remaining inflationary and budget concerns."

I am pleased to report that the Vares Project remains on schedule and on budget with first concentrate production planned for Q3 2023. Today the Project passed a significant milestone with 50% of project construction now complete. In addition, with 76% of the total construction capital committed, we will continue to address any remaining inflationary and budget concerns.

"In addition to the successful Project development, we are also approaching completion of the year-long confirmation and definition drilling programme at Rupice with exploration drills continuing to step-out along the Rupice Northwest extension. Both programmes are anticipated to increase the life of mine, as all holes have intercepted mineable thicknesses of massive and semi-massive sulphides.

"Our aim is to build a company - and not just a project. We are focusing Adriatic's zero-harm philosophy, prioritising the health and safety of our employees, contractors and host communities. There has been an introduction of new standards, systems and processes, with a particular focus on contractor management.

50% of total Project construction complete.

• Decline development is progressing as planned, with the lower decline currently at 277m and upper decline at 177m at 21 November.

• All long lead items ordered and equipment delivery is expected on schedule, with first concentrate production anticipated in Q3 2023.

• Construction of 24.5km Haul Road is well underway and on track for completion by Q3 2023.

• Exploration and infill drilling (88% complete) at Rupice continues, with results feeding into the planned Mineral Resource Estimate update in Q1 2023.

• Staff headcount increased to 183; contractor headcount totalling 222.

issued today

https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=ttg.L

https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=thg.L

TT will not be required to make any future contributions into the Scheme regarding defined benefit liabilities and the buy-in delivers greater security to the Scheme's members. The Scheme's circa £400 million of liabilities are now matched by the insurance policy, and TT no longer bears any investment, longevity, interest rate or inflation risk in respect of the Scheme.

There will be an immediate benefit to the Group's current year cash flow of £6 million and an equivalent annual improvement to free cash flow in future years.

The pension benefits that Scheme members will receive in the future are almost entirely unaffected by this transaction.

Mark Hoad, TT Chief Financial Officer commented:

"This transaction is an excellent outcome for our defined benefit pension scheme members, TT and our shareholders. We have worked hand in hand with the Scheme's Trustee over the last few years to reach this position. Those efforts, combined with excellent stewardship by the Scheme's Trustee Directors, has meant that the Scheme can now be fully de-risked for the benefit of members and the Group.