Adriatic Metals remains in rude financial health as construction continues at Vares
The Vares project is set to add significantly to the local economy
Company
Adriatic Metals PLC
ASX:ADT
Adriatic Metals PLC is a precious and base metals explorer and developer that owns the world-class Vares silver project in Bosnia & Herzegovina and the Raska zinc deposit in Serbia. Bosnia & Herzegovina and Serbia are located in south-eastern Europe and both boast a rich mining history, a pro-mining environment, a highly skilled workforce as well as extensive existing infrastructure.
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Adriatic Metals continues to progress Vares project to schedule
“In parallel to our construction efforts, our exploration team is making great progress."
Adriatic Metals unearths high-grade drill results at Vares project
“Adriatic will continue to drill and expand this exciting new extension," said Paul Cronin.
Adriatic Metals updates on progress at Vares
Drilling is also ongoing, with further assays pending
Adriatic says Vares silver project on course and in budget despite inflation
Adriatic is fully funded to the start of production at Vares
Adriatic Metals pulls in big hitters for Vares offtake agreements
Trafigura, Transamine and Glencore are among four groups to sign the heads of agreement
Adriatic Metals pushing ahead with construction at Vares
Funding worth US$245mln has already been agreed to build the mine
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Adriatic Metals welcomes new experienced new CFO to the board
Adriatic is all set to build a major mine at Vares in Bosnia
Adriatic Metals reports good construction progress at Vares project
Backfill test work also looks likely to highlight ways to reduce the environmental impact
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Adriatic Metals hails fourth-quarter progress
Strong exploration results continue to indicate the potential for future growth of the mining company's resource base
Adriatic Metals says Vares Silver Project fully funded to production following debt deal
First production from Vares is expected in the second quarter of 2023
Adriatic Metals hits high grade mineralisation at Rupice in ongoing drilling
Adriatic is currently putting the finishing touches on an agreed financing deal for the Vares project
Adriatic Metals releases environmental and social impact assessment for Vares project
"The completion of the first natural resources ESIA in Bosnia & Herzegovina is a significant step forward,” said chief executive Paul Cronin
Adriatic Metals raises US$102mln in equity fundraising to start construction at Vares silver project
Adriatic has proposed a project finance package of about US$244.5mln for the construction of its flagship Vares silver project in Bosnia & Herzegovina
Adriatic Metals is on the cusp of financing Vares, and expects first production in spring 2023
Adriatic Metals has the assets, the know-how and the political goodwill to get things moving in Bosnia
Study slashes payback time for Adriatic Metals' Vares project
Around 48% of revenues will come from payable silver and gold
Adriatic Metals looks forward to construction starting at Vares
“Tremendous progress has been made on the feasibility study during the period"
Adriatic Metals delivers robust PFS for Vares Silver Project
“I am pleased that we are able to deliver a hugely positive PFS, with improved economics in comparison to our 2019 scoping study, thus showing that Vares is indeed a world-class project,” says MD.