Adriatic Metals PLC
('Adriatic Metals' or the 'Company')
(ASX:ADT, LSE:ADT1)
BLOCK LISTING SIX MONTHLY RETURN
| Name of applicant: | Adriatic Metals PLC | |||
| Name of scheme: | Employees' and Consultants' Incentive Plan | |||
| Period of return: | From: | 27/08/2020 | To: | 26/02/2021 |
| Balance of unallotted securities under scheme(s) from previous return: | 17,500,000 | |||
| Plus: The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for): | n/a | |||
| Less: Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G): | 2,050,000 | |||
| Equals: Balance under scheme(s) not yet issued/allotted at end of period: | 15,450,000 | |||
| Name of contact: | Geoffrey Eyre |
| Telephone number of contact: | +44 (0) 207 993 0066 |
Note: Italicised terms have the same meaning as given in the Listing Rules.)
** 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) 7515 357842 |
| | |
| Tavistock Communications Limited | |
| Charles Vivian | Tel: +44 (0) 7977 297903 |
| Edward Lee | Tel: +44 (0) 7736 220565 |
| Gareth Tredway | Tel: +44 (0) 7785 974264 |
| | |
| The Capital Network | |
| Julia Maguire/Lelde Smits | Tel: +61 2 8999 3699 |
ABOUT ADRIATIC METALS
Adriatic Metals Plc (ASX:ADT, LSE:ADT1) is a precious and base metals explorer and developer that owns the world-class Vares Silver Project in Bosnia & Herzegovina and holds licences across the Raska District in Serbia.
The Vares project's captivating economics and impressive resource inventory have attracted Adriatic's highly experienced team, which is expediting exploration efforts to expand the current JORC resource. Results of a recent pre-feasibility study announced on 15 October 2020 indicate a post-tax NPV8% of US$1,040 million and IRR of 113%. Leveraging its first-mover advantage, Adriatic is rapidly advancing the project into the development phase and through to production with significant cornerstone investment of US$28 million from Queen's Road Capital Investment and EBRD.
There have been no material changes to the assumptions underpinning the forecast financial information derived from the production target in the 15 October 2020 announcement and these assumptions continue to apply. There have been no material changes to the assumptions and technical parameters on the updated Mineral Resource Estimate announced on 1 September 2020 and these assumptions continue to apply.
Adriatic Metals acquired TSX-listed Tethyan Resource Corp in 2020, to advance the former Kizevak and Sastavci polymetallic mines in the Raska District, southern Serbia.
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