Adriatic Metals passes another "huge milestone" | News Direct

Adriatic Metals passes another "huge milestone"

Adriatic Metals PLC
News release by Adriatic Metals PLC

facebook icon linkedin icon twitter icon pinterest icon email icon London, UK | July 27, 2023 10:36 AM Eastern Daylight Time


Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) chief executive Paul Cronin speaks to Proactive after announcing that the precious and base metals developer has increased the resource estimate for its Rupice silver-zinc-lead-gold deposit in Bosnia and Herzegovina by 93%. Cronin gives an overview of how the increase in the resource has been achieved and what it means for the future of the Vares project.


The announcement comes after extensive drilling and hard work at the site in central Bosnia. He also discusses the recently-released Q2 quarterly update, which revealed that construction at the site is around 85% complete with most costs locked away and contingencies released. Despite a slight increase in project costs, Cronin sees them as acceptable considering the high inflation throughout much of the world. He expects plant construction to complete soon with commercial operations beginning in November, and notes that ore is already being stockpiled at the site. Asked whether he believes that the project is on the home straight, Cronin says that "I'm feeling like we're on the home straight... this is a huge milestone."


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