Last checked at 30 Aug 2022 07:00
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: | 27/02/2022 | To: | 26/08/2022 |
Balance of unallotted securities under scheme(s) from previous return: | 8,454,707 | |||
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): | Nil. | |||
Equals: Balance under scheme(s) not yet issued/allotted at end of period: | 8,454,707 | |||
Name of contact: | Jonathan Dickman |
Telephone number of contact: | +44 (0) 207 993 0066 |
(Note: Italicised terms have the same meaning as given in the Listing Rules.)
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For further information please visit www.adriaticmetals.com or @adriaticmetals visit on Twitter; or contact:
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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 42km2 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 affect 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.