ADT 1.85% $3.85 adriatic metals plc

Ann: Rupice Ore Reserves Upgrade, page-32

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    Interesting as the top of page 12 states “Metal recoveries and concentrate grades were derived from LOM average grades and the Ausenco/Libertas models” - a table below this statement of recoveries and other information had the source stated as “Ausenco 2021” ie the information strongly implies the table was based on info in the DFS or in other words the models from the 2021 DFS.

    I do not see how Sprott can be right regarding recoveries based on the quote in my previous post and the info on page 12 as noted above,It is possible Sprott have mis interpreted the information in the announcement.





 
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