Adriatic Metals reaches commercial production at Vareš silver mine in Bosnia

Adriatic Metals (ASX: ADT; LSE: ADT) announced this week that its Vareš silver operation in Bosnia and Herzegovina has reached commercial production.

Commercial production has been declared based on maintaining plant throughput levels of 75% over a 14-day period, including 80% over 7 days, and reaching 2,000 tonnes per day (90%) in late June.

This milestone follows the resolution of previous constraints related to tailings management, the company said.

Construction of the Veovača tailings storage facility (TSF) was completed in March, with initial tailings deposition commencing in April. A dedicated access road linking the Vareš processing plant to the TSF was completed and has been operational over the past month.

Mining activities at Rupice are progressing well, the company said, adding that with approximately 900 metres of underground development completed in the second quarter (a quarterly record).

The plant is performing consistently, and key necessary permits, equipment and personnel are in place to maintain stable production, it added.

“We are proud to announce the achievement of commercial production at the Vareš silver operation, marking a significant milestone that demonstrates our ability to operate at production levels that support strong cash generation,” Adriatic CEO Laura Tyler said in a news release.

Vareš began production early last year, becoming Europe’s first new mine in over a decade.

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