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ADT1 Adriatic Metals Plc

219.50
-0.50 (-0.23%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Adriatic Metals Investors - ADT1

Adriatic Metals Investors - ADT1

Share Name Share Symbol Market Stock Type
Adriatic Metals Plc ADT1 London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.50 -0.23% 219.50 16:35:26
Open Price Low Price High Price Close Price Previous Close
221.00 218.00 223.50 219.50 220.00
more quote information »
Industry Sector
MINING

Top Investor Posts

Top Posts
Posted at 09/4/2024 10:11 by hazl
Won't post much as before, as it doesn't seem to need it.
And will continue to leave you guys to it but worth looking at this again perhaps?
Posted at 28/11/2023 05:31 by the count of monte_cristo
!YOUTUBEVIDEO:XoNTfG-Bpuw:








Article from the Economist:
Posted at 13/10/2023 12:19 by mwv1
Does this mean mining resource update next week?

As an explorer and developer of precious metals with projects in Bosnia and Serbia, how would you describe the regulatory and legislative conditions for mining at present?

Generally speaking, you see a positive trend towards focusing less on merely extraction and transportation of materials, and more on having an overview of the environmental, social and health impacts of mining. I think legislation should also involve regulations on how to be transparent about such information. Ultimately what is necessary is to turn the mining industry into a level playing field, and for that, global uniformity on standards is needed, for which cooperation with governments is required. But today there are several factors contributing to a protectionist attitude from governments. For instance, the de-globalization trend brought about by the Trump era, the total breakdown of supply chains during Covid-19, and now the upsurge of geopolitical conflicts affecting supply chains.

Presently it is the financial services sector that is pushing through the transformation.





The environmental obligations pressed on my company by the banks far exceed what is required from me by the government, including climate agreements, procedures on energy sourcing, carbon footprint regulations—all the way to the supply chain. This involvement of the financial sector will affect how mining assets are developed.



Directly pertinent for us is the new Critical Raw Materials Act released by the European Union, which is an astonishing piece of protectionist legislation advancing a requirement on member states to produce a certain percentage within the bloc, or within countries politically aligned with it. If you try to do that in Australia, my home country, you will receive significant pushback, but in Europe, governments have a very high environmental standard which they hold people accountable for.

So you think there is a future for exploration in Europe?

If you do exploration in Africa, an investor will require 1000% return, since only one in 1500 mineral deposits is turned into a mine: even if you find a 1% nickel deposit, it will probably be located very remotely, involve difficulties around insufficient water, or excess of it, lack of infrastructure, and so on. In Europe, conversely, the infrastructure is excellent—you are always near a powerline, a water-source, etc.—you have availability to historical data, you have mining schools, and, generally, a culture that promotes exploration of mineral deposits. However, information is not sufficiently centralized. By contrast, in Australia information is highly centralized—ranging from a note from 1850 mentioning a lost deposit, to complex present-day geo-physical data. If Europe can organize itself and centralize information across the bloc, it would be an absolute dream for explorers.

How does your company carry out its explorations?

In Bosnia, we did extensive biodiversity surveys, water-testing, air quality testing, evaluated health records, taxation systems—to see where local communities receive their funding from. It cost us £8 million. We designed our project around not what the community was, but what it wanted to be. You gradually yet systematically design the project relative to the aspirations of the community, while still keeping it economically viable. The crucial questions then are: how do I gain a social license? How do I get the people in these little towns and villages to trust that I am doing the right thing? And that is a function of time, integrity and transparency. You must be open and honest with people, allow yourself to be criticized, to ensure that the way you interact with communities is mutually beneficial and sustainable in the long-term.

Is the ESG compliance that you endorse something you see in all jurisdictions?

Unfortunately, there are certain jurisdictions that turn a blind eye to ESG. Mining companies from China, for instance, extract and exploit no matter the cost. The Western, but also the South American, approaches are better, because the standards are higher. But, if you are a big Chinese conglomerate looking at the evolution of the industry, you will inevitably be incentivized to clean up your act too, otherwise you will lose your customer base. What we are seeing is a generational change for the better which will cause the trust that people have for mining to grow.

Why should a potential investor be excited about mines in Bosnia and Serbia?

Both Serbia and Bosnia sit on the northern part of the Tethyan mineral belt, which extends all the way from central Asia. Even back in the Roman times there was active mining here—particularly for bronze and iron. But recently, in the Yugoslav period, activity stopped because the budgets were not there. Nowadays, and into the future, we think there is huge potential in Bosnia and Serbia. Tomorrow we are putting out an update to our mineral resource system, which will show that this is a global top deposit which can compete with the major players. The region also has potential because of the possibility to supply the entire European market with low carbon primary materials like silver, zinc, and others.

Due to developments in high velocity electric vehicle charging, we will see the demand for silver soaring in Europe. Silver is the most conductive metal known to man, and is also incredibly malleable. Silver then is key to the transition in electrification. There just needs to be some evolution in the regulation to reach more uniformity concerning environmental and community impact in the Balkans.
Posted at 19/9/2023 08:30 by mwv1
Not a lot new in the corporate presentation, as you would expect. A few bits around turing the new resource into a reserve.
Increased Mineral Resources Point to Material Lift in Reserves
• ADT has historically converted 77% of Indicated Resources into Probable Reserves
• Expectation of higher conversion ratio given consistent geometry of Rupice Northwest
discovery
• Applying 75-85% conversion ratio gives an indicative range of 13.7-15.6Mt in reserves
• At an 800,000 tonne/year milling rate, potential to extend Rupice’s mine life to 20 years
• Increase was accomplished with just 38km of drilling & only constrained by current
licence boundary, implying further meaningful upside potential
• 93% increase in Indicated Mineral Resources points to the potential to extend Vares' mine
life by a similar amount, with an updated Ore Reserve study underway

New presentation indicates they are stepping up the meetings with institutional investors prior to mine start up as was planned for September / October.

Still waiting to see if they will progress the direct shipping opportunity to further acelerate cash flow.
Posted at 07/9/2023 09:26 by pob69
This whole 70 min interview with one of the great resource investors Warren Gilman of Queens Road Capital, an investor of Adriatic, is frankly a fascinating must watch.

He mentions Adriatic specifically at 59mins
Posted at 17/8/2023 12:24 by hiddendepths
Well pob, I'm sure you're onto a winner here and I have belatedly jumped in. I like the imminence of Vares production and I think the site visit for analysts and investors on 11th October will kick off recognition of the company by a wider audience.

I'll add more as and when funds permit.
Posted at 17/8/2023 12:05 by pob69
Another video interview (proactive investor) with Paul Cronin after new results.

4 rigs in total (2 in virgin territory) and he's very encouraged unsurprisingly. 700 people on site (!) and on track for commissioning at end of Sept.
Posted at 27/7/2023 15:17 by pob69
Another video interview (proactive investor) with Paul Cronin
Posted at 30/1/2023 11:16 by pob69
Medium term "buy" article from Investor Chronicle
Posted at 29/7/2022 08:28 by pob69
Further to today's monthly update, intersting to see Thomas Horton, who was Head of Corporate Development and Investor Relations moving to Ivanhoe as Director, Investor Relations and Corporate Development.

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