ADT 0.97% $4.17 adriatic metals plc

Concession Expansion Time Frame

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    I was just reviewing the Quarterly Activities report to gain a better understanding of the concession expansion approval process and what the likely time frame is for ADT to start drilling the key drill targets they have identified. Below are the stages that have to be met as per the announcement (Stage 1 complete).


    1. Special concession committee approve and sign the application for expansion of the current Concession areas at both Rupice andat Veovaca.

    2. Application to be submitted to the Minister of Economy at ZDC for drafting of the decision and its gazette.

    3. Draft to be ratified by the Cantonal Government

    4. Once formal consent is given by Government, ADT to submit an Urban Planning Permit to ZDC and seek a Federal Exploration Permit amendment to coverthe additional areas in the expanded Concession (ADT advises planning and exploration permits well advanced and ready to submit once ministerial approval is given).


    Obviously getting approval and drilling key target areas and getting similar drill results in expanded concession areas will be a huge catalyst for market cap of the business.


    Any information on what the likely time frame is for each of the stages (best estimates/guess) would be appreciated?


    Thanks in advance


    Cheers










     

 
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