Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) has carried out the official grand opening of the Vares Project in Bosnia and Herzegovina.
The official opening event took place at the Vares Processing Plant and was attended by Nermin Nikšić, Prime Minister of the Federation of Bosnia and Herzegovina, Zdravko Marošević, Mayor of Vares and other key dignitaries.
Following official proceedings, a celebratory event 'Vares Fest' was held in the local town square to mark the occasion in the region.
Adriatic management and employees, key suppliers and the local community came together to enjoy an afternoon of traditional music, culture and other festivities.
Following an exploration and development investment of US$250 million, Adriatic Metals produced the first silver/lead concentrate and zinc concentrate from the newly constructed Vares Processing Plant on 27 February 2024.
Nermin Nikšić, Prime Minister of the Federation of Bosnia and Herzegovina commented: "I am happy that we have all come together today to recognise the importance of the Vares Project.
"Regardless of the fact that the project is constructed in Vareš and the Zenica-Doboj Canton, within the Federation of Bosnia and Herzegovina the significance is immeasurable.
"This project has invested US$250m and employs directly or indirectly over 500 people."
Paul Cronin, Adriatic Metals chief executive, added: "I am delighted to celebrate this momentous occasion with the team who helped deliver this project.
“I would like to acknowledge all those who have made this project possible - from first exploration drill hole to first concentrate production in under seven years is truly a fantastic achievement.”