UK-based exploration and development company, Adriatic Metals PLC has received an Urban Planning Permit for its Veovaca project area (Open Pit, Plant and Tailings areas) from the Federal Ministry of Spatial Planning.
Adriatic is focused on the development of its 100 per cent owned Vareš high-grade silver project, located in Bosnia and Herzegovina. The project comprises two high-grade polymetallic deposits, located at Rupice and Veovaca.
According to the company, the application process for the Urban Planning Permit involved seeking and receiving positive opinions on the project from all significant government stakeholders (forestry, water, zoning, cantonal ministries, cadastral and all neighbouring municipalities), in addition to all relevant commercial service providers (utilities, telecoms, etc.).
It was a complex, multi-faceted process completed with diligence on all sides and paves the way for the future approvals required to construct the Vareš Project.
Having received approval of the Reserves Elaborate, the Environmental Permit and the Urban Planning Permit, Adriatic will now immediately apply to the Federal Ministry of Energy, Mines and Infrastructure for the Exploitation Permit, which is a solely technically focused procedure.
Notably, the company has also received a Preliminary Water Permit from the Sava River Water Agency for its Rupice project area (underground mine and associated infrastructure).
This permit is a necessary step in a process to obtain the Environmental Permit for Rupice, which is under final review, following the completion of the public hearing.
Adriatic’s CEO and Managing Director, Paul Cronin, commented: “I am very pleased that this key exploitation permitting step has been achieved through close cooperation between Adriatic’s BiH team and the significant number of government and commercial stakeholders involved in the process.”
“It clearly demonstrates the strong support we have from all levels of government in BiH and we look forward to continuing our close cooperation with government, our local community and the commercial stakeholders.”