Adriatic Metals Plc is the owner of the high-grade Vares poly-metallic project in Bosnia & Herzegovina and the Raska zinc deposit in Serbia. $ADT.AX $ADT1.L
We have achieved the final permitting hurdle and are delighted to say that today we received our Exploitation Permit for Rupice! To read the release in full
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We are pleased to announce a proposed project finance package of US$244.5 million of debt and equity, with Orion Resource Partners (UK) LLP and supportive institutional funds globally. To read the release in full .
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We are pleased to announce the completion of US$142.5 million debt financing package with Orion Resource Partners. To read the release in full
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We are delighted to announce that we have received the Exploitation Permit for Veovaca. Image shows Nermin Džindić, Minister of Energy, Mining and Industry of the Federation of Bosnia & Herzegovina and Paul Cronin at the signing of the permit.
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We are very pleased to announce our new concession area exploration permit as well as our project-wide geophysical survey results. To read the release in full
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Our DFS has been released - here is Paul talking through the key points on how we have de-risked the project. To read the release in full
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Adriatic Metals PLC is pleased to announce the GRAND OPENING of the Vares Project in Bosnia and Herzegovina!
We are honoured to celebrate this monumental milestone with ministerial delegates, our employees and the people of Vares.
Read in full:
We are pleased to announce that we have received the Urban Planning Permit for the Veovaca project area from the Federal Ministry of Spatial Planning. The approval reflects the strong support from government and commercial stakeholders.
We are pleased to announce that the Federal Ministry of Environment and Tourism has issued a positive Record of Decision to our subsidiary, Eastern Mining, for the Rupice Environmental Permit.
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We are pleased to announce that we have entered into binding agreements for a US$28 million financing with Queen's Road Capital and EBRD. For details of the terms, please read here
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21m of High-Grade Mineralisation intercepted 80m northwest of the Rupice Orebody. To read the release in full, please click here:
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We are pleased to announce that we have outstanding preliminary metallurgical results at Kizevak and have continued to intercept near surface mineralisation. To read the release in full
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Adriatic Metals PLC is pleased to announce it has agreed heads of terms with four international commodities trading and smelting companies for the purchase of concentrate production from the Vares Silver Project.
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Halfway through!
Our Vares Project just passed a significant milestone, with 50% of project construction now complete.
Find all the good news and details in our latest Project update:
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We are pleased to publish our initial production guidance and provide an update to the commissioning of our Vares Silver Project in Bosnia and Herzegovina! Read in full:
We are very pleased to announce that Tethyan Resource Corp. has received Shareholder Approval for Plan of Arrangement with our company - Adriatic Metals plc
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Pre-Feasibility Study results for the Vares Silver Project are now out, including US$1,040 million post-tax NPV8 and 113% IRR. $ADT.AX $ADT To read the release in full
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Exciting new results! 2023 exploration drilling across the Rupice Northwest (‘RNW’) deposit has been successfully completed, marking an outstanding year of rapid resource growth.
Read in full:
A first ore mined, a railway refurbished and reopened, a team stronger than ever… and 2023 other reasons to be proud and grateful!
Thanks to our team and community for the support!
Let's make 2024 even greater!
The acquisition of Tethyan Resource Corp is now complete so we would like to welcome the Tethyan team on board and look forward to advancing both the Vares Silver and Raska projects.
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With 78% of the total Project construction completed and on schedule to deliver our first concentrates in November 2023 - a very satisfying Project Update here!
Read in full:
Adriatic Metals to acquire Tethyan Resource Corp - consolidating our position as leading Balkan Polymetallic Explorer and Developer. To read the release in full
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We would like to thank Marinko Cavara, President of the Federation of Bosnia and Herzegovina for his quote during a recent visit to our project.
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Our Environmental permit has been issued by Federal Ministry of Environment & Tourism, one of the key approvals required for the issue of the Exploitation Permit. To read the release in full
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So the snow has melted and we have had glorious weather this week. The Geophysical Survey helicopter has been flying over Vares East
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From small wins to big milestones, 2022 was definitely a big one.
Here's to a major year in development, to all the efforts and achievements of our workforce, and to an even greater 2023.
Today we received a visit from the President of the Federation of Bosnia and Herzegovina, Marinko Čavara, Minister of Physical Planning , Josip Martić, Deputy Minister of Foreign Trade and Economic Affairs, Ljiljana Lovrić and the Mayor of Vareš, Zdravko Marošević.
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We have completed our equity fundraise for US$102m and secondary share sale of Sandfire’s entire 16.1% holding in the Company. To read the release in full
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From the buzz of the town square to the roar of progress, our mine's inauguration was a tale of unity. Together, we are not just mining resources, but fostering sustainable growth for generations to come.
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Adriatic Metals is the largest foreign direct investor in Bosnia and Herzegovina we took the opportunity to update the Prime Minister of the Federation of BiH about the project, with representatives of EBRD Eric Rasmussen, Director and Head of Natural Resources
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The Premier of the Zenica-Doboj Canton has approved our application for a significant land extension to our current Concession Agreement. This expansion amounts to some 32.12㎢, adding a significant footprint to our Vares Silver Project.
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Following a recent visit to our Vares site by Edita Djapo, the Minister of Environment and Tourism - it is great to see the hard work our team has been doing recognised at this level.
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We are pleased to announce the launch of our independent charitable foundation in Bosnia and the provision of the initial seed funding. To read the release in full
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Adriatic Metals set to shine as it brings Bosnian Silver Project on line – to read the full article in Shares Magazine
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We are pleased to report that we have received a positive Record of Decision for the Environmental Permit from the Federal Ministry of Environment & Tourism. To read the release in full
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Adriatic is pleased to report on significant advancements across all areas of operations prior to the commencement of first concentrate production in Q1 2024. Read our Quarterly report in full:
The updated Rupice Mineral Resource Estimate represents a 32% increase in tonnes compared to the 2019 Rupice MRE. 79% of the updated MRE is classified as Indicated with an average grade of 495 g/t AgEq. To read the release in full
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We are pleased to announce that Sanela Karic has joined our Board. Ms Karic, brings a wealth of experience, with over 15 years’ experience as a lawyer and a career spanning corporate affairs, mergers & acquisitions and human resources.
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We have released our Environmental & Social Impact Assessment for public review. To read the release or to view the documentation, please visit our website.
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We have released our Quarterly Activities Report summarising our progress made and reported during the three months ended 31 March 2021.
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Very proud of our team in Bosnia who spent the weekend working with the local Scouts Association & World Vision. This was a community wide effort to pick up litter in the town and rivers and distribute leaflets on the importance of looking after the environment.
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Yesterday, Edita Dapo, The Minister of Environment and Tourism for the Federation of BiH, visited our offices in Vares.
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We have released our Definitive Feasibility Study for the Vares project. Watch this video to hear Paul talk through the DFS highlights. Read the release here
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Additional exploration drilling, new geology, more tonnes at higher grades to the west of the current Rupice Northwest resource are adding significantly to the growth of Rupice.
Check our latest exploration results:
We are pleased to announce that we have qualified to upgrade onto the OTCQX® Best Market – the OTC Markets Group’s premier market for established international companies – and will commence trading today on the OTCQX under the symbol ‘ADMLF’.
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We are pleased to announce that Tethyan Resource Corp has obtained an interim order for Plan of Arrangement. This order provides for the holding of an annual general and special meeting. The next step towards Serbia... $TETH.CA $ADT.AX
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Rick Rule speaks to The Capital Network's Lelde Smits about Sprott's investment in Adriatic Metals and what attracted him to this company
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Kizevak and Sastavci continue to deliver thick intercepts of mineralisation near surface. To read the release in full click here $ADT.AX $ADT
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Metallurgical Testwork update: Early results from Phase 2 metallurgical test work produce a Copper concentrate grading 25.1% Copper and containing 9,550 g/t Silver and 20.9 g/t gold
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Explore the future of Europe's mining industry with Adriatic Metals CEO, Paul Cronin, as he shares insights on Sky News about the grand opening of Europe's first metals mine in Bosnia and Herzegovina.
Watch the interview:
"First concentrate produced this week at the Vares silver project Bosnia and Herzegovina marks a great operational and market performance to date by Adriatic Metals."
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High Grade intercept extends known Mineralisation to South at Rupice - BR-49-19 intersected exceptionally high-grade mineralisation. A great start to 2020 - to read the release in full
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Adriatic Metals joined a panel of leading Bosnian businesses to brief the UK’s Foreign Affairs Select Committee. This was an excellent opportunity to impress the potential of Bosnia & Herzegovina and its educated, motivated and talented young workforce.
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“It will be one of the few major sites on the Continent developing metals crucial to the green revolution.”
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visited our Vares
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Mine in Bosnia - one of Europe’s biggest new mining projects, going into production in Q3’23. Full story:
So we have been named in the Mining Journal's big (drilling) hits of 2019! Not bad for a Junior Mining Exploration Company - nice end to a great year
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Adriatic Metals Plc sits on the cusp of revitalising a relic of Bosnia's mining history with plans to start construction of the Vares silver project by the end of this year. Paydirt Media reports | $ADT