Adriatic Metals PLC Director/PDMR Shareholding (9695B)

TIDMADT1

RNS Number : 9695B

Adriatic Metals PLC

15 June 2021

Adriatic Metals PLC

("Adriatic Metals" or the "Company")

(ASX:ADT, LSE:ADT1)

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                           Geoffrey Eyre 
     -----------------------------  ---------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                Chief Financial Officer 
     -----------------------------  ---------------------------------------- 
 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 code            ISIN: AU0000004772 
     -----------------------------  ---------------------------------------- 
 b)   Nature of the transaction      Sale of ordinary shares 
     -----------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)          Price(s)    Volume(s) 
                                       AUD 2.90       34,858 
                                                  ---------- 
     -----------------------------  ---------------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                       34,858 
                                                              AUD 101,088.20 
 
         *    Price 
     -----------------------------  ---------------------------------------- 
 e)   Date of the transaction        15 June 2021 
     -----------------------------  ---------------------------------------- 
 f)   Place of the transaction       Australian Securities Exchange 
     -----------------------------  ---------------------------------------- 
 

** ENDS **

MARKET ABUSE REGULATION DISCLOSURE

The information contained within this announcement is deemed by the Company (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 the Company is Paul Cronin, Managing Director and CEO.

For further information please visit www.adriaticmetals.com , @AdriaticMetals 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] 
                                               2700 
 James Asensio (UK)                           Tel: +44 (0) 207 
                                               523 8000 
 
 RBC Capital Markets (Joint Corporate 
  Broker) 
 Marcus Jackson / Jamil Miah                  Tel: +44 (0) 20 
                                               7653 4000 
 
 Stifel Nicolaus Europe Limited (Joint 
  Corporate Broker) 
 Ashton Clanfield / Callum Stewart            Tel: +44 (0) 20 
                                               7710 7600 
 
 Tavistock Communications Limited 
 Charles Vivian                               Tel: [phone] 
                                               297 903 
 
 The Capital Network 
 Julia Maguire / Lelde Smits                  Tel: [phone] 
                                               3699 
 
 

ABOUT ADRIATIC METALS

Adriatic Metals PLC (ASX:ADT, LSE:ADT1) 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 Project Pre-Feasibility Study boasts robust economics of US$1,040 million post-tax NPV(8) , 113% post-tax IRR and a capex of US$173 million. Adriatic is the only publicly listed mining company exploring in Bosnia and is leveraging its first-mover advantage. The Company is well-funded and concurrent with the advancing Definitive Feasibility Study, continues to explore across its large, highly prospective 41km2 concession package.

Adriatic Metals completed the acquisition TSX-listed Tethyan Resource Corp. in Q4 2020, which contained the Raska Zinc-Silver Project in southern Serbia. The Company is exploring across its 99km(2) highly prospective concession area, which includes around the formerly operating Kizevak and Sastavci polymetallic mines.

There have been no material changes to the assumptions underpinning the forecast financial information derived from the production target in the 15 October 2020 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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END

DSHUVAARAOUNAAR

(END) Dow Jones Newswires

June 15, 2021 07:14 ET (11:14 GMT)