News Articles for Adriatic Metals

Adriatic Metals has produced a cracking pre-feasibility study on its Vares silver-lead-zinc project in Bosnia and Herzegovina that envisages US$251 million average EBITDA per annum in the first five years of production operations. In addition, the PFS has placed a spectacular after-tax net present value of US$1.04 billion and an internal rate of return of 113 per cent on the project.

ASX and London-listed aspiring project developer, Adriatic Metals, has completed an all-scrip acquisition to the value of approximately C$15 million of fellow Balkans precious and base metals player Tethyan Resource Corp. The merged group will subsequently have an expanded footprint in two mining-friendly jurisdictions in the region as it looks to step up exploration and feasibility study activities.

After successfully identifying and drilling a number of extraordinary, multi-commodity mineral deposits in Bosnia, Adriatic Metals has moved to lock up the wider mineral province around its key project areas. The company has now more than quadrupled the size of its ground holdings in the region and locked up most of the 25km long metal rich terrane.

Adriatic Metals continues to rattle the cage in the Balkans, posting a 32 per cent increase in the tonnage of its emerging world-class Rupice silver deposit in Bosnia and Herzegovina. The resource for Rupice weighs in at an impressive 12 million tonnes with 149 g/t silver, 1.4 g/t gold, 4.1 per cent zinc, 2.6 per cent lead, 0.5 per cent copper and 25 per cent barite.

Our board moves wrap includes Sanela Karic, Michael Rawlinson, Peter Bilbe, David Salisbury, Roy Shipes, Luke Watson, Simon Robertson, Neil Gregson, Paul Donaldson, Andre Liebenberg, Kate Vale, Karen Wellman, Stephen Harrison, Anthony Hamilton, Michael Sandy, Peter Muccilli, David Frances, Brandon Munro, and David Minchin.

Our board moves wrap includes John Richards and Evan Cranston.

Our board moves wrap includes Dominic Roberts, Milos Bosnjakovic, Mark Clements, Ross Williams, Maree Arnason, Carol Marinkovich, and Daryl Henthorn.

ASX-listed Adriatic Metals can now move on to the urban planning permit phase of the approvals process for its Veovaca precious and base metals deposit after Bosnia's Federal Government signed off on the environmental permit, removing a key hurdle on the pathway to production. The permit covers the Veovaca mine, plant and tailings facility.

Adriatic Metals has expanded its footprint in the Balkans by moving to acquire TSX-listed Tethyan Resource Corp and its basket of in-country poly metallic assets ranging from historical mines and established resources to some very compelling exploration ground in Serbia. The deal will expand Adriatic's land holdings in Europe to over 301km2 across Bosnia and Serbia.

Adriatic Metals has signed a binding agreement to purchase Toronto-listed Tethyan Resource Corp for around $16 million.

Adriatic Metals has extended its Rupice high-grade poly metallic deposit in Bosnia another 20 metres at depth with a stellar intercept over nearly 9 metres running at 2.4g/t gold, 398g/t silver, 1.79% zinc, 3.16% lead, 0.35% copper and 45% barite from 368.5m down hole. The company said that this is the deepest massive sulphide intercept at the southern end of Rupice.

After navigating a plethora of Bosnian statutory approval labyrinths, Adriatic Metals is nearing the end of the maze after receiving a coveted and positive “record of decision”, or “RoD” from the Federal Ministry of Environment and Tourism for its Veovaca Environmental Permit which is one of the key approvals required for an Exploitation Permit to be finally issued. The company said the RoD is final and cannot be challenged, which means that the Exploitation Permit theoretically should be forthcoming soon.

Adriatic Metals has systems kept its foot on the gas at its remarkable poly-metallic Vareš project in Bosnia with the ASX listed company continuing to successfully manage the global coronavirus pandemic right across its operational areas and only experiencing minor delays as a result of some border closures. Adriatic has already drilled 2,800 metres this year of a planned 20,000m program between an impressive five drill rigs.

Adriatic Metals has identified a number of new multi-metal exploration drill targets after modelling historical gravity data over its Bosnian license that includes its Rupice and Jurasevac-Brestic prospects. Some of the geophysical anomalies are adjacent to known discoveries and are ready for immediate drilling with a total of 29 drill pads approved for action to further define the extraordinary multi-metal deposits within its project area.

Our daily board moves wrap includes Geoff Eyre, Steven Wood, Mathew Whyte, Peter Ravenscroft, Troy Hayden, Anna MacKintosh, Judith Uren, Russell Barwick, Peretz Schapiro, Angus Middleton, Richard Mehan, Paul Summers, Jason Peacock, and Troy Brice.

Adriatic Metals has secured full clarity on its mineral rights and royalty arrangements at the massive Vares polymetallic project in Bosnia & Herzegovina by successfully negotiating for the inclusion of gold, silver and copper in an update to its concession agreement. Whilst not entirely clear, the original concession agreement only referred to lead, zinc and barite. The requirement to commence mining by May 2020 has also been removed.

Dual-listed Adriatic Metals was always going to have a problem at its Vares multi-metals project in Bosnia – but it is a nice problem to have. With such a smorgasbord of different high-grade minerals present at Vares, Adriatic's biggest problem is working out which metals will lead the project economics, which will be mere credits and which ones will gel together well metallurgically to produce highly payable concentrates.

Our weekly appointments wrap includes Nicola Watts, David MacLean, Charlotte Wallace, Robert Kaplan, Geoff Eyre, Phillip Fox, Dave Kelly, Peter Tinley and Chris Tallentire.

Adriatic Metals' confidence that it can grow its spectacular high grade polymetallic Rupice prospect in central Bosnia even further has received a boost after two new assays indicated the area's mineralisation is larger than previously thought. Results from one of the two holes testing Rupice's southern extensions returned 16 metres at 1.96 grams/tonne gold, 350g/t silver, 5.3% zinc, 3.4% lead, 0.5% copper and 43% barite from 330m.

Adriatic Metals has found a silver lining at its brownfields, zinc-heavy polymetallic Vares project in central Bosnia and Herzegovina - particularly at the Rupice target, where recent drilling returned an intercept of 6 metres at an impressive 1,019 grams per tonne silver, 11.3g/t gold, 13.1% zinc, 12.5% lead and 1.3% copper from a depth of 238m. Rupice's mineralised strike length is now over 500m long.

Adriatic Metals has tabled a lovely set of numbers for its poly-metallic Vareš project in Bosnia with the ASX-listed company saying that its new scoping study shows a stunning, AUD$1.37b net present value for the zinc-silver-lead-gold-barite project. Amazingly, payback of the AUD$260m CAPEX is expected to be just eight months after commencement of processing with the project showing a very respectable post-tax internal rate of return of 107.4%.

Our daily board moves wrap includes Sandra Bates, John Richards, Victor Turco, Yuri Nehushtan, Elizabeth Brennan, Hans Schut, Christian Brehm, Wing Kee Cheng, Hao Wen, and Bill Lee.

Adriatic Metals has raised $25m via a two-tranche institutional placement to expedite an aggressive exploration program through to a BFS at its exciting, Vareš multi-metals project in Bosnia. The company is also seeking a secondary listing of its shares on the London Stock Exchange during the current quarter to capture further interest from UK and European investors that are looking to support the world-class, high-grade project.

Adriatic Metals' maiden high-grade resource of 9.4 million tonnes grading 5.1% zinc, 3.3% lead, 1.8g/t gold and 183g/t silver at the Rupice deposit and positive metallurgical test work results will flow into the company's Vareš project scoping study, due to be tabled by 2020. The company has entered into a partnership with base metals miner, Sandfire Resources, who owns 12.8% of its stock and is entitled to representation on the board.

Adriatic has tabled encouraging metallurgical test work results from its impressive Vareš multi-metals project in Bosnia. Initial findings indicate metal recoveries and concentrate grades that exceed specifications, with the ores potentially amenable to smelting. The results will be fed directly into a scoping study and will underpin a future DFS for the high-grade project.

Adriatic Metals has brought in Paul Cronin, one of its founders, to run the company and progress its outstanding multi-metals project in Bosnia. As a founding shareholder, Cronin has intimate knowledge of the project and the jurisdiction and therefore well placed to take it to the next level. Cronin, Eric De-Mori and Miloš Bošnjakovic originally floated Adriatic.

Adriatic Metals has generated additional high-grade base metal drilling results adjacent to its flagship Rupice deposit in central Bosnia, just a month after producing a maiden JORC-compliant mineral resource for the ore body. New intersections include 38m @ 6.2% zinc, 3.8% lead, 174g/t silver, 1.9g/t gold, 0.4% copper and 33% barite from 208m and 20m @ 2% zinc, 2.8% lead, 96g/t silver, 0.3g/t gold and 0.6% copper from 254m.

Adriatic Metals has generated a maiden mineral resource estimate for the high-grade Rupice base metal deposit in central Bosnia, delineating 9.4 million tonnes grading 5.1% zinc, 3.3% lead, 1.8g/t gold, 183g/t silver, 0.6% copper and 31% barite. The company also updated the nearby Veovača resource and will now use the new estimates and ongoing technical studies to underpin a scoping study for the Vareš project.

Adriatic Metals has intersected encouraging, wide intersections of base and precious metals mineralisation from drilling in its new Concession area at the northern end of the Rupice prospect in Bosnia. The company has also outlined a strong chargeable anomaly from a ground geophysical survey, located 200m west of the current program at Rupice, which contains no historical drilling.

Adriatic Metals has intersected very encouraging, thick intersections of base and precious metals mineralisation from drilling in its new Concession area at the northern end of the exciting Rupice prospect in Bosnia. The new results include 30m @ 9.7% zinc, 5.2% lead, 265g/t silver, 4.6g/t gold, 0.4% copper and 43% barite from 246m down-hole that will be incorporated into a mineral resource estimate for Rupice later this year.

Bosnian regulatory authorities have accepted Adriatic Metals' “geological reserves” statement for its Rupice-Juraševac-Brestic project and provided a clearer path to the issue of Exploitation and Operating Permits for developing that deposit. The company continues drilling on four rigs to extend the high-grade mineralisation at the Rupice prospect and test priority targets outlined by technical data that show potential for discoveries.

Adriatic Metals has significantly increased its land holdings at the exciting Vares project in Bosnia, after receiving an Exploration Permit to expand the existing concession area over the Rupice and Veovaca base metals prospects. The company will immediately begin drilling at Rupice North and aims to extend high grade mineralisation down plunge from a 66m thick, high grade intersection it reported in October last year.

Adriatic Metals is set to increase its land holdings at the exciting Vares project in Bosnia, after receiving a key permit for major expansions to its existing concession agreement over the Rupice and Veovaca prospect areas at its 100% owned base metals play. At Rupice North, the expansion takes in the region northwards and down plunge of a 66m thick, high grade intersection reported in October 2018.

Adriatic Metals has intersected a stunning 72m long diamond drill intersection grading 18.3% zinc, 10.7% lead, 2.5g/t gold, 211g/t silver, 2.5% copper and 25% barite from 206m down-hole at its emerging Rupice prospect in Bosnia. The new result extends mineralisation 30m down-dip and down-plunge to the north. A maiden mineral resource estimate for Rupice prospect is expected in the first half of 2019.

If it wasn't Adriatic Metals, a 46m long drill intersection boasting at least 4 different high-grade minerals would ordinarily have the West Perth investment glitterati spitting their coffee across the table at Black Toms. But such is the quality of the results of Adriatic's ongoing drill campaign that the bar has been set very high indeed for this rapidly advancing $54m market cap ASX listed exploration company.

Peter Bilbe-led Adriatic Metals has announced a $10.8 million placement backed by major shareholder Sandfire Resources.

Adriatic Metals has revealed another exceptional intersection from its Bosnian, multi-commodity play with the latest numbers from the Rupice prospect turning up a serious looking 18 metre intersection grading 17.6% zinc, 9.4% lead, 3.8g/t gold and 508g/t silver from 162m down-hole. The result is 100m up-dip from a previous high grade result and grows the mineralised footprint ahead of the company's maiden resource estimate.

Adriatic Metals has increased its land holdings at the exciting Vares project in Bosnia, after local Government authorities approved the company's request for major expansions to its existing concession agreement over the Rupice and Veovaca prospect areas at its 100% owned base metals play. At Rupice, the expansion takes in the region north and down plunge of a 66m thick, high grade intersection reported in October.

Adriatic Metals has continued its run of amazing drill results from its Bosnian, multi-commodity play with the latest numbers showing a 24 metre intersection going 8.6g/t gold and 332g/t silver from 226m down-hole. It was hiding within a spectacular intercept of 42m @ 14.1% zinc, 8.4% lead, 5.7g/t gold, 245g/t silver, 1.4% copper and 34% barite from 222m at the Rupice prospect in Bosnia.

Adriatic Metals has reported another wide, high grade base metal, gold and silver intersections from its emerging Rupice multi-mineral ore system in central Bosnia. The new drilling result of 66m grading 9.5% zinc, 4.9% lead, 187g/t silver, 2.4g/t gold, 0.5% copper and 56% barite from 204m down-hole extends mineralisation by a further 35m at the northern end of the deposit, adding more tonnes adjacent to the concession boundary.