Adriatic Metals PLC DIRECTOR/PDMR SHARE DEALING (9995P)

TIDMADT1

RNS Number : 9995P

Adriatic Metals PLC

23 June 2022

Adriatic Metals PLC

("Adriatic Metals" or the "Company")

(ASX:ADT, LSE:ADT1, OTCQX:ADMLF)

DIRECTOR/PDMR SHARE DEALING

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                           Paul Cronin 
     -----------------------------  ---------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                Managing Director & CEO 
     -----------------------------  ---------------------------------------- 
 b)   Initial notification/          Initial notification 
       Amendment 
     -----------------------------  ---------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                           Adriatic Metals PLC 
     -----------------------------  ---------------------------------------- 
 b)   LEI                            549300OHAH2GL1DP0L61 
     -----------------------------  ---------------------------------------- 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ----------------------------------------------------------------------- 
 a)   Description of 
       the financial instrument,      Adriatic Metals PLC CHESS Depositary 
       type of instrument             Interests (ordinary shares) 
       Identification                 ISIN: AU0000004772 
       code 
     -----------------------------  ---------------------------------------- 
 b)   Nature of the transaction      Purchase of ordinary shares 
     -----------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)          Price(s)    Volume(s) 
                                       A$1.95         35,000 
                                        A$1.96        15,000 
                                        A$1.945       15,000 
                                        A$1.94        15,000 
                                        A$1.955       10,000 
                                        A$1.935        5,000 
                                        A$1.925        5,000 
                                                  ---------- 
     -----------------------------  ---------------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume         100,000 
                                        A$ 194,775.00 
 
         *    Price 
     -----------------------------  ---------------------------------------- 
 e)   Date of the transaction        23 June 2022 
     -----------------------------  ---------------------------------------- 
 f)   Place of the transaction       Australian Securities Exchange 
     -----------------------------  ---------------------------------------- 
 

** ENDS **

Market Abuse Regulation Disclosure

The information contained within this announcement is deemed by Adriatic (LEI: 549300OHAH2GL1DP0L61) to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

The person responsible for arranging and authorising the release of this announcement on behalf of Adriatic is Paul Cronin, Managing Director and CEO.

For further information please visit www.adriaticmetals.com or @adriaticmetals visit on Twitter; or contact:

 
Adriatic Metals PLC 
Paul Cronin / Thomas Horton                      Tel: [phone] 
                                                  913207 
 
Canaccord Genuity Limited (Joint Corporate 
 Broker) 
Jeremy Dunlop (Australia)                        Tel: [phone] 
James Asensio (UK)                               Tel: +44 (0) 207 
                                                  523 8000 
 
RBC Capital Markets (Joint Corporate Broker) 
Marcus Jackson / Jamil Miah                      Tel: [phone] 
                                                  4000 
 
Stifel Nicolaus Europe Limited (Joint Corporate 
 Broker) 
Ashton Clanfield / Callum Stewart                Tel: [phone] 
                                                  7600 
 
Buchanan 
Bobby Morse / Ariadna Peretz                     Tel: [phone] 
The Capital Network 
Julia Maguire / Lelde Smits                      Tel: [phone] 
 
 

ABOUT ADRIATIC METALS

Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) is a precious and base metals developer that is advancing the world-class Vares Silver Project in Bosnia & Herzegovina, as well as the Raska Zinc-Silver Project in Serbia.

The Vares Silver Project is fully-funded to production, which is expected in Q2 2023. The 2021 Project Definitive Feasibility Study boasts robust economics of US$1,062 million post-tax NPV8, 134% IRR and a capex of US$168 million. Concurrent with ongoing construction activities, the Company continues to explore across its highly prospective 41km(2) concession package.

There have been no material changes to the assumptions underpinning the forecast financial information derived from the production target in the 19 August 2021 DFS announcement and these assumptions continue to apply and have not materially changed. Adriatic Metals is not aware of any new information or data that materially affects the information included in the announcement of the updated Mineral Resource Estimate announced on 1 September 2020 and all material assumptions and technical parameters underpinning the Mineral Resource Estimate continue to apply and have not materially changed.

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June 23, 2022 08:08 ET (12:08 GMT)