Adriatic to step up development in 2021

AFTER a year of solid progress including delivery of a prefeasibility study pointing to strong returns from its flagship polymetallic project near Vares in Bosnia & Herzegovina, the challenge now for Adriatic Metals is getting a new mine off the ground in the next 18 months.

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Adriatic Metals' Veovaca deposit, part of its Vares project, located 50km north from Sarajevo

Adriatic's Rupice PFS pointed to an IRR of 113% and annual EBITDA of US$251 million over the first five years.
 
The company is hoping to kick off construction by July next year.