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Adriatic Metals ships first concentrates from Bosnia's Vares Project

May 28, 2024, 10:48:53 AMArticle by Dragana Petrushevska
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May 28 (SeeNews) - UK-based Adriatic Metals said it has agreed a sale of the first on-specification grade concentrates from the Vares Project in Bosnia and Herzegovina, after its launch in March.

Adriatic Metals ships first concentrates from Bosnia's Vares Project

The first shipment has left site for the Port of Ploce, Adriatic Metals said in a press release on Monday, without revealing the name of the buyer.

The Vares Processing Plant is currently producing saleable concentrates with over 2,500g/t Ag and nearly 50% Zn, while underground development completed 256 metres in April and is expected to reach nearly 300 metres in May, the company noted.

"With increasing feed tonnage of development ore available, the processing plant will now transition to 24 hour operations in anticipation of first stopes in July and ramp up completion in Q4 this year," Adriatic Metals said.

Adriatic Metals is a base metals developer that is advancing the Vares Project in Bosnia and Herzegovina, an investment valued at $250 million (229.9 million euro), as well as the Raska Zinc-Silver Project in Serbia.

($ = 0.919 euro)

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