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Adriatic Metals announces first concentrate production at Vares project

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Global Mining Review,

Adriatic Metals PLC has announced that first concentrate was produced on 27 Febru-ary 2024 at the Vares project in Bosnia and Herzegovina.

The Vares processing plant will continue ramping up with campaign processing over the next few months, via the down blending of high-grade stockpiled ore with lower grade stockpiles. The campaign processing is intended to facilitate plant performance optimisation.

The Jameson flotation cells, which are expected to further increase grade recovery, will be added to the Vares processing plant in March 2024.

The project will continue to ramp up to consistent production to nameplate processing capacity of approximately 65 000 tpm by 4Q24.

Paul Cronin, Adriatic’s Managing Director and CEO, commented: “I am delighted to announce another vital milestone has been achieved with first concentrate produced at the Vares project. The Vares processing plant has been designed and constructed using the latest technology from the leading manufacturers in the industry, whilst adhering to the highest levels of health and safety. I am very proud of what has been achieved by the team and I would like to thank them all for their hard work and commitment.

“This is a significant achievement for Adriatic, the local community in Vares and the country. The Vares project is one of the largest post-war investments in Bosnia and Herzegovina, bringing significant economic and social benefits. Throughout the project, Adriatic has been committed to the hiring of local staff, engagement with local suppliers, collaboration with authorities and communities and the deployment of cutting-edge mining technology. This strategy not only drives economic development but also ensures that benefits are shared within the Vares community well beyond the life of the mine. Over the coming months further optimisation of the Vares processing plant will continue as we expand underground development and bring the operations to nameplate capacity in 4Q24.”

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