ADMLF - Adriatic Metals passes another huge milestone
(NewsDirect)
Adriatic Metals PLC (LSE:ADT1, ASX:ADT,OTCQX:ADMLF) chief executive Paul Cronin speaks to Proactive afterannouncing that the precious and base metals developer has increasedthe resource estimate for its Rupice silver-zinc-lead-gold deposit inBosnia and Herzegovina by 93%. Cronin gives an overview of how theincrease in the resource has been achieved and what it means for thefuture of the Vares project.
Theannouncement comes after extensive drilling and hard work at the sitein central Bosnia. He also discusses the recently-released Q2quarterly update, which revealed that construction at the site isaround 85% complete with most costs locked away and contingenciesreleased. Despite a slight increase in project costs, Cronin sees themas acceptable considering the high inflation throughout much of theworld. He expects plant construction to complete soon with commercialoperations beginning in November, and notes that ore is already beingstockpiled at the site. Asked whether he believes that the project ison the home straight, Cronin says that "I'm feeling likewe're on the home straight... this is a huge milestone."
Contact Details
Proactive UK Ltd
+44 207989 0813
Copyright (c) 2023 TheNewswire - All rights reserved.