AI assistant
ADRIATIC METALS PLC Share Issue/Capital Change 2020
5033_sha_2020-08-26_02e9f508-058b-460d-96cf-5b0e0c00269e.html
Share Issue/Capital Change
Open in viewerOpens in your device viewer
National Storage Mechanism | Additional information 
RNS Number : 1151X
Adriatic Metals PLC
26 August 2020
Adriatic Metals PLC
('Adriatic Metals' or the 'Company')
CLEANSING NOTICE AND APPENDIX 2A
Adriatic Metals PLC (ASX:ADT, LON:ADT1) advises that a cleansing notice and Appendix 2A (Application for quotation of securities) has today been filed with the Australian Securities Exchange (ASX) and is available on the Company's website:
https://www.adriaticmetals.com/investors/asx-announcements/
Authorised by, and for further information please contact:
Paul Cronin
Managing Director & CEO
** ENDS **
For further information please visit www.adriaticmetals.com; @AdriaticMetals on Twitter; or contact:
| Adriatic Metals PLC | |
| Paul Cronin / Emma Chetwynd Stapylton | Tel: +44 (0) 203 950 9138 |
| Tavistock Communications Limited | |
| Charles Vivian | Tel: +44 (0) 7977 297903 |
| Edward Lee | Tel: +44 (0) 7736 220565 |
| Gareth Tredway | Tel: +44 (0) 7785 974264 |
| The Capital Network | |
| Julia Maguire/Lelde Smits | Tel: +61 2 8999 3699 |
About Adriatic Metals
Adriatic Metals Plc (ASX:ADT, LON:ADT1) is a precious and base metals explorer and developer that owns the world-class advanced polymetallic Vares project in Bosnia & Herzegovina.
The Vares project consists of two high-grade polymetallic deposits, located at Rupice and Veovaca. Bosnia & Herzegovina is well-positioned in central Europe and boasts a strong mining history, pro-mining environment, highly-skilled workforce as well as extensive existing infrastructure and logistics.
The Vares project's captivating economics and impressive resource inventory have attracted Adriatic's highly experienced team, which is expediting exploration efforts to expand the current JORC resource. Results of a recent scoping study indicate an NPV8 of US$917 million and IRR of 107%. Leveraging its first-mover advantage, Adriatic is rapidly advancing the project into the development phase and through to production.
There have been no material adverse changes in the assumptions underpinning the forecast financial information or material assumptions and technical parameters underpinning the Maiden Resource Estimate since the original relevant market announcements which continue to apply.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
STRDZGZRMKVGGZM