Adriatic Metals PLC (ASX: ADT) has successfully obtained all necessary permits for Phase I of the Veovaca Tailings Storage Facility. This facility, near the Vares Processing Plant in Bosnia and Herzegovina, will manage tailings for over 10 years, boosting production capabilities.
Adriatic Metals has obtained essential permits for the Veovaca Tailings Storage Facility, marking a significant step in their operational strategy. This facility will replace previous storage plans and is crucial for maintaining production momentum. It is designed to comply with global standards, ensuring environmental responsibility. The company is on track to begin utilizing the facility by December 2024, aligning with their goal of achieving full production capacity by the end of 2024. This development underscores Adriatic Metals' commitment to efficient and sustainable resource management, positioning them for continued growth in the region.
We are grateful to the Bosnian ministries for their support and to our team for their efforts in expediting the permit process.