Adriatic Metals (ASX:ADT) said its mineral resource estimate for the Rupice deposit within its Vares project in Bosnia and Herzegovina depleted in 2024, according to a Monday filing with the Australian bourse.
The December 2024 Ore Reserve Estimate for Rupice stands at 12.3 million tonnes at 192 grams per tonne of silver, 5.7% zinc, 3.6% lead, 1.5g/t Au, 0.5% copper, and 0.2% antimony, the filing said.
The ore reserve estimate in December 2023, was 13.8 million tonnes at 187 g/t silver, 5.2% zinc, 3.3% lead, 1.4g/t gold, 0.5% copper, and 0.2% antimony, the filing added.
Shares of the company fell 8% in recent Monday trade.
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