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Adriatic Metals Plc (ASX:ADT)

ALERT: Price-sensitive ASX Announcement for ADT
Current share price for ADT : $6.220 0.54 (9.51%)+
Announcement
Release
1 Jul 2025 8:56AM
Price at Release
$5.680
Full Release
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Summary
Adriatic Metals Plc announced that commercial production has been achieved at its Vares Silver Operation in Bosnia and Herzegovina, effective April 1, 2024. The announcement marks a significant milestone following the successful ramp-up since concentrate production began in February 2024. The company confirmed that the operation met all the criteria for commercial production, including sustainable throughput levels, recovery rates, energy consumption, and safety standards. The achievement is expected to have a positive impact on the company’s financials, with the first revenue recognition under commercial production status for the second quarter of 2024. Adriatic Metals expressed appreciation for its workforce, contractors, and stakeholders who contributed to reaching this milestone and emphasized the importance of this achievement for both the company and the region.
Key Points
  • Adriatic Metals Plc achieved commercial production at the Vares Silver Operation in Bosnia and Herzegovina.
  • Commercial production is effective from April 1, 2024.
  • Criteria for commercial production included sustainable throughput, recovery rates, operational efficiency, and safety compliance.
  • Concentrate production at Vares began in February 2024, followed by successful ramp-up.
  • The achievement will result in the first commercial production revenue being recognized in Q2 2024.
  • This milestone is significant for the company and supports economic and social growth in the region.
  • The company acknowledged the efforts of its staff, contractors, and stakeholders in achieving commercial production.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.