Adriatic Metals PLC announced that first concentrate was produced on 27 February 2024 at the Vares Project in Bosnia and Herzegovina. The Vares Processing Plant will continue ramping up with campaign processing over the next few months, via the down blending of high-grade stockpiled ore with lower grade stockpiles. The campaign processing is intended to facilitate plant performance optimisation.

The Jameson flotation cells, which are expected to further increase grade recovery, will be added to the Vares Processing Plant in March 2024. The Project will continue to ramp up to consistent production to nameplate processing capacity of approx. 65,000t per month by fourth quarter 2024.