Ann: Adriatic Metals Major Permitting Milestone Completed, page-28

Yes, hopefully 8-10Mt all up at Rupice.

Don't need 30Mt, but one shouldn't discount the district scale potential here.



I get the sense the company is itching to talk up the regional prospects (lots of exciting anomalies in the Rupice-Borovica corridor) but have been keeping their cards close to the vest until cantonal approval is in the bag for expanded concessions. These aren't just colorful blobs lighting up on a map, the prospects are backed up by thousands of written reports detailing historical work (trenching, exploration adits and limited drilling) carried out in the region.

They will get their chance soon.

Again, public comment period for expanded concession is 30 days. This 30 day period expires at the end of the month and the company expects cantonal approval very shortly (immediately?) thereafter.

Geraint is off to go on a marketing tour 2nd week of October. He should have all approvals and permits in hand while making his rounds. We should be getting very exciting updates as well - geochem, geophys, historic trench and drill results, etc.