Adriatic wins key permit for Veovaca tailings facility from Bosnian gov’t

The Market Herald10-25

Adriatic Metals (ASX:ADT) has confirmed it’s received a key permit needed to operate its Veovaca tailings facility from Bosnia’s government. Adriatic’s last tailings facility plans were upended ...

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The facility is attached to the company’s Vares silver project.“The Veovaca [facility] does not involve the use of state forestry lands and the Company owns the surface rights,” the company explicitly wrote on Friday. The new tailings facility is located in a now unused open cut mine, called Veovaca.Having worked at haste since July to get a new facility designed and approved, the company’s new facility now has all permits it needs, at least for Phase I.Join the discussion: See what HotCopper users are saying about Adriatic and be part of the conversations that move th","collect":0,"end_time":0,"defaultTopTitle":"themarketonline.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"ADT.AU":"ADRIATIC METALS PLC-CDI","BK7095":"多种金属与采矿"},"translate_title":"亚得里亚海从波斯尼亚政府获得Veovaca尾矿设施的关键许可证","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ADT.AU":1},"content_text":"Adriatic Metals (ASX:ADT) has confirmed it’s received a key permit needed to operate its Veovaca tailings facility from Bosnia’s government.\nAdriatic’s last tailings facility plans were upended ultimately by environmental concerns when the country’s constitutional court complicated matters, given a state forestry land dispute became part of that story. \nNow, the alternative location for its facility has been selected, and, approved. The facility is attached to the company’s Vares silver project.\n“The Veovaca [facility] does not involve the use of state forestry lands and the Company owns the surface rights,” the company explicitly wrote on Friday. The new tailings facility is located in a now unused open cut mine, called Veovaca. \nHaving worked at haste since July to get a new facility designed and approved, the company’s new facility now has all permits it needs, at least for Phase I.\nPhase I will see tailings deposited in the pit mine asset for 4-5 years of production; the overall life of the facility is expected to be 10 years. The cost of building Phase I of the facility comes in at US$5M with a six month buildtime.\nIn the meantime, an existing smaller facility at the Vares Processing Plant will be used. It’s estimated to have enough room for waste materials into mid-2025. \n“I’m pleased to confirm that the permitting for the Veovaca TSF at the Vares Silver Operation has been fully approved by the Federal Government of Bosnia and Herzegovina,” Adriatic CEO Laura Tyler said. \n“I want to express my gratitude to the ministries for their support. The Veovaca TSF, located in a former open pit with an environmental legacy, will enable us to manage tailings for over 10 years, based on our current production capacity.”\nADT last traded at $4.13/sh.\nJoin the discussion: See what HotCopper users are saying about Adriatic and be part of the conversations that move the markets.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2478618988"}