Adriatic Metals Plc is a UK company which holds Mining Concessions in Bosnia and Herzegovina (the Vares Project) via its 100% owned subsidiary company, Eastern Mining d.o.o.
The Vares Project contains two advanced exploration deposits, Veovaca and Rupice, which have previously been mined for Lead, Zinc and Barite. Operations ceased prior to the commencement of hostilities in the Balkans in the early 1990s. The deposits have been subject to extensive exploration, and contain significant quantities of Lead, Zinc, Silver, Gold, Copper and Barite. The precious metals were irregularly assayed during exploration, but were present in produced concentrates.