Broker report for ADT, page-2

Handy to have a thread for dumping this type of info.

Here is the most recent one from @sethdavis a couple weeks ago, by the blokes at Tamesis who visited site recently. Interestingly although the largest estimate at circa 10MT based on current drilling to date, from a grade perspective with ~13% ZnEq translating to approx 8 g/t AuEq if I'm not mistaken.


https://gallery.mailchimp.com/ad1cc...a696-9de1fa0fe14b/ADT_20190121_Site_Visit.pdf


From Ashanti Capital July 18;

	Column 1
1	Column 1Ashanti Headlines

[/table]

Column 1

1

Adriatic Metals PLC (ADT.ASX, 43cps, m.cap A$56.2m with 130.8m SOI, Cash $10.5m, Polymetallic Explorer / Developer Our fellow supporters of ADT, Sprott Capital Partners, published a note from a resent visit to site Sprott's view: SCPe >600Koz at 15 g/t AuEq, with >300Koz AuEq per 100m down-plunge growth "In short, we think Rupice has Tier 1 potential, with a high-grade core of SCPe >600koz @ 15g/t AuEq defined by current drilling alone. This excludes barite credits, and by value is ~30% Ag, 20% Au, 25% Zn, 20% Pb, and 5% Cu.... Beyond this we see good, albeit more speculative, potential for a multi-million-ounce upside including; (i) down plunge extensions at Rupice, (ii) along-strike IP features NW and SE, including the IP anomaly at Brestic-Jurasevac with historic workings, and (ii) regional / satellite upside." Why Sprott likes Adriatic: High-grade mineable inventory potentially already defined (SCPe > 600koz @ 15g/t AuEq) Near-term share price catalyst with down-plunge drilling of best mineralisation to date Underexplored, underappreciated belt with apparent Tier 1 potential Bosnia's combination of excellent infrastructure + logistics and low opex, royalties, taxes Catalysts 3Q18: First assays from Brestic-Jurasevac 2H18: Potential land holding expansion 2018-9: Ongoing 14,000m exploration drill programme 1Q19: Maiden Rupice resource, updated Veovaca resource Mid-2019: Scoping study for combined Veovaca-Rupice operation Our preferred exposure to ASX listed base metals explorer/developer plays is Adriatic and we share a similar view as outlined by Sprott above. Please contact the desk on +61 8 6169 2668 should you wish to discuss ADT further.

[/table]


There is this one from CG on the company website, for some reason I can't open it.

The company has removed a report from Sprott Capital from the website for some reason, maybe someone else still has these to hand and can post them.

There is also one from Paradigm (or similar), an Australian managed fund that was posted on here a couple of months back that I can't find either.