News Articles for Adriatic Metals

Adriatic Metals boss Laura Tyler said the company is keen to further build on its performance, despite achieving a series of notable outcomes in recent months.

Bosnia and Herzegovina-focused Adriatic Metals has announced plans to raise $80 million, in order to accelerate operations at its flagship Vares silver operation.

Our weekly appointments wrap includes Sean Marriott, Melissa Lithgow, Jemma Hutchinson, Kate Holsgrove and Laura Tyler.

Adriatic Metals has appointed Laura Tyler as its full-time managing director and chief executive, following a brief interim stint.

Production at Adriatic Metals’ flagship Vares silver project in Bosnia and Herzgovina has been unaffected by serious storms in the country.

Europe-focused zinc-silver play Adriatic Metals has sold the first shipment of concentrate from its Vares silver operation in Bosnia & Herzegovina and launched a $75.8 million capital raise.

Every cloud has a silver lining and Dollar Bill reckons silver IS that silver lining right now. Once considered a poor man's gold, silver is poised to take its place in the sun, having quietly tracked the gold price skywards. Sun Silver provided a poignant example last week when its 20c IPO hit the boards at 50c before marching to a 75c high.

Adriatic Metals is continuing to score goals at its Vares silver project, extending known mineralisation whilst pressing to identify more resources from its prospective tenements in Bosnia and Herzegovina.

Budding silver miner Adriatic Metals has drawn down its second $30m tranche, along with accessing an additional $22.5m from a $142.5m debt package to steer development of its high-grade Vares silver mine in Bosnia and Herzegovina. It is all systems go as the company passes the halfway mark of construction with production of the first concentrate slated for the third quarter of 2023.

Adriatic Metals has unearthed another batch of thick, high-grade massive sulphide mineralisation at its Rupice Northwest orebody - an extension of its Rupice multi-commodity deposit in Bosnia and Herzegovina. Diamond drilling at the site returned a broad 45.9 metre hit going 701 grams per tonne silver equivalent about 225m north-west of the company's 12 million tonne resource grading 149 g/t silver, 1.4 g/t gold and 4.1 per cent zinc.

Adriatic Metals has drawn down the first $30m tranche from a $142.5m debt package to keep the wheels spinning on its Vares silver mine development in central Bosnia and Herzegovina. The project has passed the halfway mark of construction, is fully-funded and is on track to begin processing by September 2023. The company is also committing to legacy projects in a once-thriving nearby community.

Construction at Adriatic Metals' Vares high-grade silver project in Bosnia and Herzegovina is picking up speed as the company prepares to bring the project's namesake underground mine and processing facility online next year. Adriatic says the project is now at the mid-way point and importantly remains on schedule and budget to deliver the first concentrate around September 2023.

Balkans-focused mineral explorer Adriatic Metals has delivered another swag of high-grade base metal intercepts from an ongoing extensional drilling campaign at the company's Vares silver operation in Bosnia and Herzegovina. The current campaign is designed to confirm whether high-grade mineralisation at the project's existing resource, Rupice, continues along strike to the north-west in an area recently predictably coined Rupice Northwest.

Mineral developer Adriatic Metals is ramping up construction at its Vares high-grade silver project in Bosnia and Herzegovina as it moves towards opening its namesake underground mine and processing plant next year. The company says the project is now 45 per cent complete and has used the European summer to accelerate the development of the site's surface infrastructure, process plant and haul road.

Adriatic Metals has unveiled more high-grade silver and zinc intercepts at its Rupice Northwest extension in Bosnia and Herzegovina that continues to expand the larger multi-commodity deposit's mineralisation. One of the diamond holes returned a broad 30.9m section going 851 grams per tonne silver equivalent about 90 metres northwest of the company's existing 12 million tonne resource going 149 g/t silver and 1.4 g/t gold.

Adriatic Metals has its foot down on construction of its Vares high-grade zinc-silver project in Bosnia and Herzegovina as it works towards opening its namesake mine and processing plant next year. The company says a newly appointed drilling contractor has delivered a dramatic increase in productivity in converting the Rupice ore body, increasing confidence in its mineral resource.

Adriatic Metals has agreed ‘heads of terms' with four international commodities trading and smelting companies for the purchase of zinc and silver-lead concentrate from its Vares silver project in Bosnia. The company says its aim is to maximise revenues whilst reducing the ongoing risk associated with turbulent freight markets and the impact of the evolving European energy crisis amidst the conflict in Ukraine.

Development of ASX-listed Adriatic Metals' Vares high-grade silver project in Bosnia is accelerating with construction starting on time as the company firmly eyes production by the second quarter of 2023. Adriatic is in the throes of appointing mining contractors, engineering consultants and key personnel as it finalises test work and orders mechanical equipment.

Aspiring silver and base metals producer Adriatic Metals has completed the finance for its Vares silver project in Bosnia and Herzegovina, bedding down US$142.5 million of debt finance and putting it in line to be Europe's next miner. Last month Adriatic reported more high-grade silver and zinc hits from step-out holes near its cornerstone Rupice multi-commodity deposit, part of the larger Vares project.

Adriatic Metals has unearthed more high-grade silver and zinc from three step-out holes near its cornerstone Rupice multi-commodity deposit in Bosnia and Herzegovina. One diamond hole returned a broad 24.7 metre hit going 514 grams per tonne silver equivalent about 145m north-west of the company's 12 million tonne resource grading 149 g/t silver, 1.4 g/t gold and 4.1 per cent zinc.

Sandfire Resources is selling its entire stake in London-listed Adriatic Metals as construction of its $504 million copper mine in Botswana continues.

Aspiring miner Adriatic Metals has sealed a US$245 million finance package to fund the construction of its flagship Vares silver project in Bosnia and Herzegovina. The deal, which includes an equity raising of US$100 million, signals a major step in the advancement of the project which is still subject to delivery of a definitive feasibility study.

Aspiring Balkans precious and base metals developer Adriatic Metals has produced a humdinger of a definitive feasibility study that is knee deep in “exceptional” key financial metrics. The study points to a potentially lucrative mining operation at its advancing Vares silver-zinc-lead project in Bosnia and Herzegovina. The London-based, multi-listed company's latest study improves on what was already a cracking pre-feasibility study on the project.

Adriatic Metals has chalked up a high-grade, multi-metals hit from step-out diamond drilling at its proposed Vares silver-zinc-lead project development in Bosnia and Herzegovina. The company produced a cracking intersection near its keystone Rupice underground deposit at Vares of 21.1m at 296 g/t silver, 5.46 per cent zinc, 3.7 per cent lead, 1.22 g/t gold and 0.18 per cent copper from 338.6m depth.

Aspiring London-based Balkans precious and base metals producer Adriatic Metals has been given the nod to start trading on OTC Markets Group's premier “OTCQX Best Market”. Adriatic management says upgrading to the OTCQX offers its existing and prospective US shareholders improved market visibility, increased trading liquidity and the most up-to-date information otherwise not found on the Pink market.

Adriatic Metals has successfully cleared the final major regulatory approval hurdle that now opens the way for it to start construction of its proposed Vares silver-zinc-lead mining and processing operation in Bosnia and Herzegovina later in the year. The company says it clinched the exploitation, or mining, permit for the project's keystone Rupice underground deposit from the country's Federal Ministry for Energy, Mining and Industry.

Adriatic Metals has secured an exploration permit for additional mineral concession areas at its developing Vares silver-zinc-lead project in Bosnia and Herzegovina. The dual ASX and London-listed company was awarded the concession areas covering 32 square kilometres last year and has already completed an initial heliborne magnetics and radiometric geophysical survey across the new ground-holdings.

Aspiring Balkans polymetallic project developer, Adriatic Metals has locked in another of the key regulatory approvals for its significant new Vares silver-zinc-lead project in Bosnia and Herzegovina that puts it on the verge of a mining permit all-clear. The company says it has just been granted an urban planning permit for the cornerstone Rupice underground deposit from the country's Federal Ministry of Spatial Planning.

Our weekly appointments wrap includes Wayne Zekulich, Danielle Lee and Thomas Horton.

Ongoing DFS works at Adriatic Metals' Rupice and Veovaca deposits in Bosnia are accelerating and the company says results are anticipated for the third quarter this year. This week, the multi-metals developer tweaked its Rupice underground mine plan to squeeze out 26 per cent more silver in the first two years by attacking the high-grade core earlier in the plan.

Adriatic Metals continues to deliver the goods at the Raska project in Serbia with more wide shallow zinc hits including 36m at 3.7 per cent zinc, 1.4 per cent lead, 21 g/t silver and 0.2 g/t gold from surface. A third rig is due on site next month as the company targets a maiden JORC resource this year.

Aspiring Balkans multi-metals project developer, Adriatic Metals has secured a key regulatory approval for its Vares silver-zinc-lead project in Bosnia and Herzegovina that nudges it further along the pathway towards production start-up, expected to be later this year. The Bosnia and Herzegovina Government approved Adriatic's application for an environmental permit covering the project's Rupice deposit following an environmental impact assessment.

Dual ASX and London-listed aspiring Balkans polymetallic project developer, Adriatic Metals has cleared one of the final major regulatory approval hurdles taking it a step closer to starting construction at its advancing Vares silver-zinc-lead project in Bosnia and Herzegovina. Receipt of the project's Veovaca exploitation permit now paves the way for the company to crank up development at Vares later this year.

Adriatic Metals has piled on the polymetallic drill hits at its historic Raska project in Serbia, with both the Kizevak and Sastavci deposits continuing to cough up broad intersections of near-surface, high-grade polymetallic mineralisation. One of the stand-out assay results at Kizevak was 38m at 2.7 per cent zinc, 2.2 per cent lead, 30 g/t silver and 0.6 g/t gold from 100m.

ASX and London-listed precious and base metals hopeful, Adriatic Metals, has discovered gold mineralisation at depth in the course of peeling off more cracking high-grade base metals drill hits at its recently acquired brownfields Raska polymetallic project in Serbia. The newly discovered gold-bearing vein zone at the Sastavci prospect returned an assay of 31m grading 1.3 grams per tonne gold from 279m including 1m at 13.6 g/t.

ASX and London-listed aspiring Balkans polymetallic project developer, Adriatic Metals, has nailed down a US$20 million capital raise from the private placement of 8.5 per cent unsecured convertible debentures to TSX-V-listed Queen's Road Capital Investment. Adriatic says Queen's Road, a resources-focused investment group, is backed by a number of significant investors including Australian entrepreneurs Andrew Forrest and Jack Cowin.

Adriatic Metals continues to successfully navigate penultimate regulatory approvals on the pathway to development of its flagship Vares silver-lead-zinc project in Bosnia and Herzegovina. The company secured an urban planning permit that now paves the way for it to seek the final approvals needed to allow it to proceed with construction of the proposed Vares project, which has a forecast CAPEX of US$173 million.

Shares in Sandfire Resources were down by as much as 9 per cent today, following reports of China considering a ban on copper imports from Australia.

Adriatic Metals has been buoyed by early diamond drill hits from a 10,000m confirmation drilling program at its historic Kizevak silver-lead-zinc deposit, part of the recently acquired Raska project in Serbia. The new asset in the company's project portfolio, courtesy of an all-scrip acquisition of fellow Balkans precious and base metals play, Tethyan Resource Corp, is located approximately 200km from its advancing flagship Vares silver-lead-zinc project in neighbouring Bosnia and Herzegovina.

Adriatic Metals has rattled the tin for US$28 million across two capital raises as it cashes up to fund an imminent definitive feasibility study on its Vares silver-lead-zinc project in Bosnia and Herzegovina. The company has entered binding agreements to raise US$20 million from a private placement of unsecured convertible debentures to Queen's Road Capital Investment and US$8 million from a share placement to the European Bank for Reconstruction and Development.