Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) released its environmental and social impact assessment (ESIA) for its world-class Vares polymetallic project in Bosnia.
The draft will be finalised following a 60-day public review.
“The completion of the first natural resources ESIA in Bosnia & Herzegovina is a significant step forward for the Adriatic Metals’ team, and reinforces our commitment to both best international practice, as well as to the communities and environment that host our operation,” said chief executive Paul Cronin.
“As we end nearly two years of studies, our passionate and committed staff can start the development of the Vares silver project, secure in the knowledge that they understand the requirements of the community and have the tools available to minimise, and where required, mitigate the impacts of our operation.”
The company previously announced a definitive feasibility study which valued the project at US$1.06bn (GBP0.77bn). First production is due in the spring of 2023.
Wardell Armstrong International developed the ESIA and ensured it conformed with the performance requirements set out in the European Bank for Reconstruction and Development’s 2019 Environmental and Social Policy.
