Adriatic Metals Shs Chess Deposit Interests Repr 1 Sh ( (AU:ADT) ) just unveiled an update.
Adriatic Metals has released an updated Mineral Resource and Ore Reserve Estimate for its Rupice deposit in Bosnia and Herzegovina. The 2024 update shows minimal changes in the overall resource tonnage but a decrease in reserve tonnage due to depletion and a higher cut-off Net Smelter Return value. Despite these changes, the orebody remains robust, with the Vareš Silver Operation continuing to be a significant cash-generative operation. The mine life is slightly reduced to 2039, and Adriatic has applied for an exploration license to potentially extend the orebody.
More about Adriatic Metals Shs Chess Deposit Interests Repr 1 Sh
Adriatic Metals Plc is a mining company focused on the exploration and development of mineral resources. The company operates the Vareš Silver Operation in Bosnia and Herzegovina, which includes an underground mine and a surface mineral processing plant. The operation is situated within a single concession comprising exploitation license areas at Rupice and Veovača.
YTD Price Performance: 15.14%
Average Trading Volume: 19,850
Technical Sentiment Signal: Sell
Current Market Cap: $1.01B
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