Adriatic Metals wins Urban planning Permit to explore expanded concession areas in Bosnia & Herzegovina

MINEX Forum | February 8, 2019 | Views: 112 | Source: Kalkine Media

Adriatic Metals secured the long-awaited Urban Planning Permit from Zenica-Doboj Canton with respect to expanded concession in highly prospective new areas in Bosnia & Herzegovina. The news sent the stock price to trade in the green zone with an intra-day price change of +1.935% on 6 February 2019.

In the announcement to Australian Securities Exchange, Adriatic Metals Plc declared that it has successfully received the Urban Planning Permit which reflects the strong support from governmental as well as commercial stakeholders.

The permit is required to undertake exploration activities at expanded Concession area at Rupice, and Veovaca prospect within the company’s 100% owned Vareš Project in Bosnia & Herzegovina. At Rupice, the area reportedly includes the land where the company has identified key drill targets for mineralisation or where historical or recent data indicates the potential for discoveries.

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