"As a resource is still to be defined containing Au, Ag & Cu, ADT does not currently have mineral rights for these metals but must apply for the rights upon defining economic occurrences of these metals, which presents a substantial risk if the rights are not granted".
I saw that in the report last night and thought it was a little odd. Was going to email the company about it for clarification, will try and get to it today. Wouldn't make much sense to not have rights over these other metals? How do you mine it and leave them behind or allow another party to have rights to them?
I would suspect that it would simply be a formality, especially since I think that they own the land from memory.
Ann: Adriatic Metals PLC - Investor Update, page-39
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