26.9 C
Supported byspot_img

Adriatic Metals will open lead-zinc-gold mine in Bosnia’s Vares in 2022

Member of Europium Groupspot_img
Supported byspot_img

Adriatic Metals company has invested some 30 million marka ($17 million/15.3 million euro) in geological research and research on the amounts of lead, zinc, barite, silver, and gold in Vares, some 50 km north of Sarajevo.

The company has concession rights on a surface of 8.6 sq km.

This UK-based company plans to open a lead, zinc and gold mine in Vares in Bosnia in 2022 if it obtains the necessary permits according to plan, a senior company official said.

Supported by

“The feasibility study which we work on at the moment shows that we will need some 350 workers,” Milos Bosnjakovic, the CEO of Adriatic Metals’s wholly-owned Bosnian unit Eastern Mining, said in an interview.

Since 2017, Eastern Mining has completed the drilling of some 33,000 metres with 150 bores.

Adriatic Metals said it has amended its concession agreement with Bosnia’s Zenica-Doboj Canton to include the rights to gold, silver and copper at its projects in the Balkan country.

Adriatic Metals is an ASX-listed zinc polymetallic explorer and developer via its 100% interest in the Vares project.

Zenica-Doboj Canton is one of ten cantons comprising Bosnia’s Federation entity. The Federation is one of two autonomous entities forming Bosnia and Herzegovina. The other one is the Serb Republic.

Source: seenews.com

Supported byElevatePR Digital

Related News

Mali signs lithium mining agreement with Ganfeng, eyes revenue boost

Earlier this week, Mali's economy minister announced a significant deal with China's Ganfeng Lithium regarding the operation of the Goulamina lithium mine. Under the...

Weardale Lithium proposes advanced extraction plant in County Durham, UK

Weardale Lithium Limited, a natural resources company based in County Durham, UK, has recently filed a planning application with Durham County Council. This application...

EU nations present critical minerals investment strategies at Raw Materials summit

Representatives from leading nations disclosed their plans for critical minerals public funds at this year's Raw Materials Summit in Brussels, aiming to attract investment...

Final legal discussions underway for EU-Serbia lithium trade partnership

Commissioner Maroš Šefčovič revealed that the final legal obstacles are being addressed before the EU-Serbia trade partnership, focused on sourcing lithium from the Jadar...
Supported by
Supported by
Supported by
error: Content is protected !!