19 Aug 2021

DFS Released - risk reduced with cashflow on its way

- David Butler
- 5 pages

Adriatic Metals (LSE: ADT1, ASX: ADT, OTCQX:ADMLF) this morning has released its Definitive Feasibility Study (DFS) for the Vares project. Overall the NPV8 is now US$1062m (up from US$1040m in the PFS and $917m in the Scoping Study) with a capex budget of US$168m (down from US$173m in the PFS). Price assumptions are in line with spot pricing today for the main metals – silver and gold being the dominant ones for the project (48% of revenues). The project delivers a company IRR of 134% and carr ....

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DFS Released - risk reduced with cashflow on its way

Published: 19 Aug 2021
Author: David Butler
Pages: 5

Adriatic Metals (LSE: ADT1, ASX: ADT, OTCQX:ADMLF) this morning has released its Definitive Feasibility Study (DFS) for the Vares project. Overall the NPV8 is now US$1062m (up from US$1040m in the PFS and $917m in the Scoping Study) with a capex budget of US$168m (down from US$173m in the PFS). Price assumptions are in line with spot pricing today for the main metals – silver and gold being the dominant ones for the project (48% of revenues). The project delivers a company IRR of 134% and carr ....