Adriatic Metals PLC announced it has received the exploration permit for the 32km2 of new concession areas, which were awarded in September 2020. In addition, the Company has provided initial results from the recent heliborne magnetics and radiometric survey. On 2 September 2020 the Company announced it has been awarded three new concession areas totally 32km2, namely; Semizova Ponikva, Brezik and Vares East (collectively, the "New Concession Areas"). At the time this was the largest mineral concession granted in Bosnia & Herzegovina. Adriatic has now received the Exploration Permit on the New Concession Areas ("Exploration Permit"), which gives the Company the right to explore using invasive exploration techniques, such as drilling and channel sampling. This increases the total concession area permitted for exploration from 9km 2 to 41km2 ("Expanded Concession Area"). The radiometric survey results have identified a large alteration system, which is consistent with the Company's prior understanding of the mineralising system from field observations and historical geological mapping. However, the radiometric data has better defined the size and continuity of this alteration system and shows a prospective corridor that runs centrally through almost the entire 22km of the Expanded Concession Area's strike length. From the extensive knowledge the Company has gained to date from developing the mineral resources at Rupice and Veovaca, the initial results from the magnetics survey confirm that structural complexity combined with favourable stratigraphy is associated with the mineralising system. In addition to these areas, the magnetic survey has highlighted a number of additional areas of structural interest on the Expanded Concession Area. Likewise in the Rupice /Borovica area, a series of near east-west structural features are observed in the magnetic survey, which correspond to the existing structural and geological model for this part of the concession area.