15 August 2024
Adriatic
Metals PLC
("Adriatic Metals" or the "Company")
CONTRACTOR FATALITY
Adriatic Metals plc ("Adriatic" or
"the Company") regrets to report a tragic
fatal accident that occurred on 14 August at the Rupice Mine,
involving a subcontractor's vehicle. The vehicle overturned
near the rescue station at Rupice and tragically the driver,
an employee of a local Bosnian subcontractor, sustained fatal
injuries. No other individuals were seriously injured in the
accident.
The incident did not occur in the
area of mining operations; however, the Company has elected to
secure the area for a period of 24 hours.
The Company's immediate priority is
to ensure the safety and well-being of all individuals involved and
to conduct a thorough investigation into the circumstances
surrounding this accident.
Adriatic has informed the local
authorities, regulators and safety inspectors and is working
together with all parties to determine the cause of the incident.
Adriatic will focus on enhancing all safety protocols and those of
our contractors and subcontractors.
Laura Tyler, Interim Chief Executive Officer
commented:
"We are all deeply saddened by this tragic incident
and our thoughts are with the driver's family, friends and
colleagues at this time. Although the incident did not occur at an
area of mining operations, we have secured the area for 24
hours."
"The local authorities are conducting an immediate review of
the incident, and we will be reinforcing our commitment to a safe
working environment through improvements in risk management and all
the safety procedures of our contractors."
-ends-
Authorised by Laura Tyler, Interim
CEO
For further information please
visit: www.adriaticmetals.com;
email: info@adriaticmetals.com,
@AdriaticMetals
on Twitter; or contact:
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Adriatic Metals PLC
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Klara Kaczmarek
GM - Corporate
Development
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Tel: +44 (0) 7859 048228
Klara.kaczmarek@adriaticmetals.com
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Burson Buchanan
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Tel: +44 (0) 20 7466 5000
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Bobby Morse / Christopher
Jones
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adriatic@buchanan.uk.com
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Morgans Corporate Limited
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Rob Douglas / Sam Warriner / Mitch
Duffy
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Tel: +61 7 3334 4888
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RBC
Capital Markets
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Farid Dadashev / James Agnew / Jamil
Miah
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Tel: +44 (0) 20 7653 4000
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Stifel Nicolaus Europe Limited
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Ashton Clanfield / Callum Stewart /
Varun Talwar
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Tel: +44 (0) 20 7710 7600
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Sodali & Co
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Cameron Gilenko
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Tel: +61 466 984 953
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ABOUT
ADRIATIC METALS
Adriatic Metals Plc (ASX:ADT,
LSE:ADT1, OTCQX:ADMLF) is a precious and base metals developer that
is advancing the world-class Vares Silver Project in Bosnia &
Herzegovina, as well as the Raska Zinc-Silver Project in Serbia.
First concentrate production took place in February 2024 and the
Vares Silver Operation is fully funded to nameplate production,
which is expected in Q4 2024. Concurrent with ongoing operational
activities, the Company continues to explore across its highly
prospective 44km2 concession package.
MARKET ABUSE REGULATION
DISCLOSURE
The information contained within
this announcement is deemed by the Company (LEI:
549300OHAH2GL1DP0L61) to constitute inside information for the
purpose of Article 7 of EU Market Abuse Regulation (EU) No.
596/2014 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) ACT 2018, as amended. The person
responsible for arranging and authorising the release of this
announcement on behalf of the Company is Laura Tyler, Interim
CEO.