Mining Intelligence and News
Bosnia and Herzegovina

Vares Mine

Click for more information

Categories

Overview

Mine TypeUnderground
StatusActive
Commodities
  • Gold
  • Silver
  • Zinc
  • Lead
  • Barite
  • Copper
  • Antimony
  • Pyrite
Mining Method
  • Longitudinal open stoping
  • Transverse open stoping
  • Longhole open stoping
Backfill type ... Lock
Production Start... Lock
Mine Life... Lock
SnapshotFirst concentrate production in Vares Silver Project was produced on February 27, 2024. The Project will continue to ramp up to consistent production to nameplate processing capacity of approx. 65,000t per month by Q4 2024.

Owners

SourceSource
CompanyInterestOwnership
Adriatic Metals Plc 100 % Indirect
The Rupice deposit is located within the Company’s 100% owned Concession.

Contractors

Lock

- subscription is required.

Deposit type

  • Breccia pipe / Stockwork
  • Carbonate hosted

Summary:

The host rocks at Rupice comprises Middle Triassic limestone, dolostone, calcareous and dolomitic marl, and a range of mostly fine-grained siliciclastic rocks including cherty mudstone, mudstone, siltstone and fine grained sandstone. The main mineralised horizon is a brecciated dolomitic unit that dips at around 50o to the northeast and has been preferentially mineralised with base, precious and transitional metals. The Triassic sequence and has been intensely deformed both by early stage ductile shearing and late stage brittle faulting.

The Rupice polymetallic mineralisation consists of sphalerite, galena, barite and chalcopyrite with gold, silver, tetrahedrite, boulangerite and bournonite, with pyrite. The majority of the high-grade mineralisation is hosted within the brecciated dolomitic unit, which is offset and cut by northwest striking, westerly dipping syn-post mineral faulting. This faulting displaces the mineralised body up to 20 metres in places. Thickening of the central portion of the orebody occurs where these faults flexure and deform. Mineralised widths up to 65 metres true thickness are seen in the central portion of the orebody.

To date, the massive sulphide mineralisation at Rupice has a defined strike length of 650 metres, with an average true-width thickness of around 20 metres. However, mineralisation at Rupice still remains open towards the north and down-dip to the south.

Reserves

Lock

- subscription is required.

Mining Methods

Lock

- subscription is required.

Comminution

Crushers and Mills

Lock

- subscription is required.

Processing

Lock

- subscription is required.

Production

CommodityProductUnitsAvg. Annual (Projected)LOM (Projected)
Gold Payable metal koz 218
Silver Payable metal koz 37,119
Silver Concentrate kt 581
Zinc Payable metal M lbs 627
Zinc Concentrate kt 511
Lead Payable metal kt 210
Copper Payable metal kt 6.6
Antimony Payable metal kt 13
Silver Equivalent Payable metal koz 14,975107,926

Operational metrics

Metrics2024
Ore tonnes mined  ....  Subscribe
^ Guidance / Forecast.

Production Costs

Commodity production costs have not been reported.

Heavy Mobile Equipment

Lock

- subscription is required.

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jan 16, 2024
....................... Subscription required ....................... Subscription required Subscription required Oct 15, 2020
....................... Subscription required ....................... Subscription required Subscription required Jan 16, 2024
....................... Subscription required ....................... Subscription required Subscription required Jan 16, 2024
....................... Subscription required ....................... Subscription required Subscription required Jun 4, 2024

Total WorkforceYear
...... Subscription required 2021

Lock

- subscription is required.