REG - Adriatic Metals - Statement of CDIs in issue
RNS Number : 8783OAdriatic Metals PLC04 June 2020
Adriatic Metals PLC
('Adriatic Metals' or the 'Company')
Statement of CDIs in issue
Adriatic Metals plc (ASX: ADT/ LON: ADT1) advises that, in accordance with ASX Listing Rule 4.11, an Appendix 4A statement (monthly confirmation of CDIs in issue) has been issued to the Australian Securities Exchange (ASX).
The statement is available on the Company's website:
https://www.adriaticmetals.com/investors/asx-announcements/
** ENDS **
For further information please visit: www.adriaticmetals.com, @AdriaticMetals on Twitter, or contact:
Adriatic Metals PLC
Paul Cronin / Emma Chetwynd Stapylton
Tel: +44 (0)20 7993 0066
Tavistock Communications Limited
Charles Vivian, Edward Lee and Gareth Tredway
Tel: +44 (0)20 7920 3150
ABOUT ADRIATIC METALS
Adriatic Metals PLC is a dual listed (ASX and LSE) precious and base metals explorer and developer via its 100% interest in the world class Vares Project (the "Project") in Bosnia & Herzegovina. The Project comprises a historic open cut mine at Veovaca and brownfield exploration at Rupice, an advanced proximal deposit which exhibits exceptionally high grades of base and precious metals.
The Company announced the results of a Scoping Study on 19 November 2019 which indicated an NPV8 of US$917 million and IRR of 107%, following the release of a Maiden Resource Estimate earlier the year on 23 July 2019. There have been no material adverse changes in the assumptions underpinning the forecast financial information or material assumptions and technical parameters underpinning the Maiden Resource Estimate since the original relevant market announcements which continue to apply.
Adriatic has attracted a world class team to both expedite its exploration efforts to expand the current JORC resource at the high-grade Rupice deposit and to rapidly advance the Project into the development phase utilising its first mover advantage and strategic position in Bosnia.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.ENDSTRUOVVRRRUNRAR
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