Adriatic Metals is focused on the development of the 100%-owned, Vares high-grade silver project in Bosnia and Herzegovina.
Federal Ministry of Environment and Tourism of Bosnia and Herzegovina has issued a positive Record of Decision for the Rupice Environmental Permit (RoD), one of the key approvals required for the issue of the Exploitation Permit, Adriatic Metals announced. The company said that the RoD was received following the submission of an Environmental Impact Assessment, prepared by Adriatic in accordance with the Federal Mining Code, reviewed by a five-member expert committee and presented to a public hearing in August 2020.
CEO and Managing Director Paul Cronin commented, “The receipt of the RoD is another major step forward in the permitting of the Vares project, and when coupled with the recent issuance of the Veovaca Exploitation Permit, clearly demonstrates the team’s ability to permit a mine in BiH. We continue to enjoy the strong support of both our local community in Vares and the government of BiH. We look forward to building this highly profitable mine in Q3-2021, whilst continuing to grow our resources around Vares, and advance our exciting project at Raska. This will be a defining year for our young and ambitious company”.