– UK, Cheltenham – Adriatic Metals Plc (ASX: ADT | LON: ADT1), the Precious and base metals explorer and developer, today announced the appointment of Ms Sanela Karic to its Board as a Non-Executive Director.
In addition to the appointment of Ms Karic, Adriatic also announced that Peter Bilbe, Non-Executive Chairman, has stepped down from the role of Chairman but will remain a Non-Executive Director, and Michael Rawlinson, who has served on the Board since early 2019, has been appointed to the role of Non-Executive Chairman.
Adriatic’s Managing Director and CEO, Paul Cronin commented Peter Bilbe has been Chairman of Adriatic since prior to its listing on the ASX in May 2018, and during his time as Chairman has led the Company through a period of unprecedented growth, and been integral to its success. Peter, who is located in Perth, Australia, is also the Chairman of ASX100 company, IGO Limited, and his decision to step down as Chairman is evidence of his commitment to global best practice corporate governance. I would like to personally thank Peter for his support and guidance over the past 3 years, and look forward to continuing to work with both Peter and Michael in their new roles on the Board.”
Peter Bilbe also said: “I am delighted with the progress of Adriatic, and look forward to my ongoing involvement as a Non-Executive Director. As the company continues to grow and looks to finance development next year, it is essential that the Board and management are appropriately structured for the future. Michael Rawlinson will be a very capable Chairman for Adriatic, and I look forward to working with him in his new role.”
About Sanela Karic
Ms Karic, a Bosnian national, brings a wealth of experience, with over 15 years’ experience as a lawyer and a career spanning corporate affairs, mergers & acquisitions and human resources. Ms Karic is a graduate of the University of Sarajevo and is currently the Executive Director for Legal Affairs and Human Resources at the Prevent Group, Bosnia’s largest diversified industrial corporation. She also holds the position of Chief Executive Officer at Sanitex, a subsidiary company of the Prevent Group, specialising in the manufacturing of medical and hygiene products for export across the European Union.
About Adriatic Metals
Adriatic Metals Plc is a precious and base metals explorer and developer that owns the world-class advanced polymetallic Vares project in Bosnia & Herzegovina.
The Vares project consists of two high-grade polymetallic deposits, located at Rupice and Veovaca. Bosnia & Herzegovina is well-positioned in central Europe and boasts a strong mining history, pro-mining environment, highly-skilled workforce as well as extensive existing infrastructure and logistics.
The Vares project’s captivating economics and impressive resource inventory have attracted Adriatic’s highly experienced team, which is expediting exploration efforts to expand the current JORC resource. Results of a recent scoping study indicate an NPV8 of US$917 million and IRR of 107%. Leveraging its first-mover advantage, Adriatic is rapidly advancing the project into the development phase and through to production.
For more information: https://www.adriaticmetals.com/
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