Last checked at 18 Jul 2022 07:00
Adriatic Metals PLC
("Adriatic Metals" or the "Company")
Publication of Corporate Presentation
Adriatic Metals (ASX:ADT, LSE:ADT1) announces that its latest presentation, with an updated estimated cash balance as at 30 June 2022, has been published. It is available to view on the Company's website: https://www.adriaticmetals.com/investors/corporate-presentations/
Authorised by, and for further information please contact: Paul CroninManaging Director & CEO info@adriaticmetals.com
** ENDS **
For further information please visit www.adriaticmetals.com; @AdriaticMetals on Twitter; or contact:
Adriatic Metals PLC | |
Paul Cronin | |
Canaccord Genuity Limited (Joint Corporate Broker) |
|
Jeremy Dunlop (Australia) | Tel: +61 2 9263 2700 |
James Asensio (UK) | Tel: +44 (0) 207 523 8000 |
RBC Capital Markets (Joint Corporate Broker) |
|
Marcus Jackson / Jamil Miah | Tel: +44 (0) 20 7653 4000 |
Stifel Nicolaus Europe Limited (Joint Corporate Broker) | |
Ashton Clanfield / Callum Stewart | Tel: +44 (0) 20 7710 7600 |
Buchanan | |
Bobby Morse / Ariadna Peretz | Tel: +44 (0) 207 466 5000 adriatic@buchanan.uk.com |
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.