The impressive intercept of 46 metres grading 12.7% zinc, 9.6% lead, 4.1g/t gold, 309g/t silver, 1% copper and 40% barite from 218m down-hole, included a much higher grade section of 22m @ 22.6% zinc, 16% lead, 5.6g/t gold, 286g/t silver, 1.4% copper and 37% barite from 230m.
Adriatic’s Chairman, Peter Bilbe commented “ The addition of Michael Rawlinson significantly strengthens the board of Adriatic. Michael has a formidable reputation as a highly successful resource specialist, whose knowledge of the London investment market will be invaluable tooursmall, but rapidly growing company over the coming years. We are delighted that Michael has accepted our invitation to join the board and welcome his valuable contribution to the future success of Adriatic Metals.”
The Company announced the results of a Scoping Study on 19 November 2019 which indicated an NPV 8 of US$917 million and IRR of 107%, following the release of a Maiden Resource Estimate earlier the year on 23 July 2019.
833 M € NPV und ein IRR of 107% aktuell stehen einer Kapitalisierung von 92M € gegenüber und die Ressource wird noch erweitert.