The Indicated and Inferred Mineral Resource estimate (“MRE”) for Adriatic Metals’ 100%-owned Rupice silver-zinc-lead-gold deposit in Bosnia and Herzegovina now stands at: 21.1 Mt at 156 g/t Ag, 1.2 g/t Au, 4.3% Zn, 2.8% Pb, 0.4% Cu, 27% BaSO4 (reported above a cut-off grade of 50 g/t AgEq) containing 105 Moz Ag, 789koz Au, 913kt Zn, 581kt Pb, 88kt Cu and 39kt Sb
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The updated Indicated and Inferred Mineral Resource estimate was prepared by CSA Global in Perth and comprises 12.0 Mt at 149 g/t Ag, 1.4g/t Au, 4.1% Zn and 2.6% Pb, as set out in Table 1.
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The Rupice Mineral Resource begins at the surface and currently extends to depths of 300m. The mineralisation remains open with significant potential to increase the size of the Mineral Resource.
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Drilling at Veovaca has added gold and silver to the entirety of the Mineral Resource estimate and increased the Indicated Resource Category to 71%. The Veovaca Mineral Resource begins at surface and currently extends to depths of 200 m.
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