ADT 2.38% $4.10 adriatic metals plc

Ann: Award of Exploration Permit and Drilling Northern Extension, page-18

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  1. 215 Posts.
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    Patience @wop Company has said rigs are being mobilised to norther extension at Rupice and snow had stopped drilling for a month. There are four rigs drilling or about to start drilling. Additionally, there is an IP survey underway at Rupice using 30kVa to cover ntn extn, NE Rupice and SE to JB. Previous IP survey used a 3Kva transmitter which "saw" to 120-150m depth whereas this latest survey will "see" to 300-400m. So there will be some new targets and some more clearly defined current targets.
    There is massive upside in all directions and remember that the current (new) understanding of the rock assemblage at Rupice has the company thinking that there is a possibility of multiple lenses.
    It's likely it will take all of 2019 to uncover the full potential at Rupice-JB and even beyond JB because the company thinks it is still open to the east.
    Finally there are regional targets which are mentioned on P.2 of the 7 March ASX announcement.
    Hopefully by this time next year we've got a bid from a major.
    Last edited by HarryKane: 11/03/19
 
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