28 June 2024
Adriatic Metals PLC
("Adriatic Metals" or the "Company")
Report on Payments to Governments for the Year Ended 31 December 2023
Adriatic Metals (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) advises, in accordance with DTR 4.3A and in compliance with The Reports on Payments to Governments Regulations 2014 as amended (the Regulations), the payments made by the Company and its subsidiaries to governments for the year ended 31 December 2023.
| Beneficiary of payment | Nature of payment |
| ||||||
| (In USD'000) | Production entitlements | Taxes paid | Royalties paid | Dividends paid | Signature, discovery and production bonuses paid | Licence fees, rental fees, entry fees and other considerations for licences and/or concessions paid | Infrastructure improvements paid | Total |
| Bosnia and Herzegovina | | | | | | | |
|
| Federation of Bosnia and Herzegovina | - | - | - | - | - | - | - | - |
| Municipality Vares | | | | | | 298 | - | 298 |
| Ze Do Canton | - | - | - | - | - | 128 | - | 128 |
| Total | - | - | - | - | - | 426 | - | 426 |
Basis of preparation:
a) Payments made in currencies other than USD are translated at the average foreign exchange rate for the relevant month.
b) Taxes paid include taxes levied on the income, production or profits of companies but excludes any taxes levied on consumption such as value added taxes, personal income taxes or sales taxes.
This report is available for download at https://www.adriaticmetals.com/investors/lse-announcements/
** ENDS **
Authorised by Paul Cronin, Managing Director & CEO
For further information please visit: www.adriaticmetals.com; email: info@adriaticmetals.com, @AdriaticMetals on Twitter; or contact:
| Adriatic Metals PLC | |
| Paul Cronin / Klara Kaczmarek | Via Buchanan |
| | |
| Buchanan | Tel: +44 (0) 20 7466 5000 |
| Bobby Morse / Christopher Jones | |
| Morgans Corporate Limited |
|
| Rob Douglas / Sam Warriner / Mitch Duffy | Tel: +61 7 3334 4888 |
| | |
| RBC Capital Markets |
|
| Farid Dadashev / James Agnew / Jamil Miah | Tel: +44 (0) 20 7653 4000 |
| | |
| Stifel Nicolaus Europe Limited | |
| Ashton Clanfield / Callum Stewart / Varun Talwar | Tel: +44 (0) 20 7710 7600 |
| | |
| Morrow Sodali | |
| Cameron Gilenko | Tel: +61 466 984 953 |
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.
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