Adriatic Metals was incorporated on 3 February 2017 in England and Wales for the purposes of acquiring all of the issued capital of Eastern Mining, and subsequently exploring & developing the Rupice and Veovaca Projects located in Bosnia Herzegovina and the Balkan region.
On 3 March 2017, the Company acquired 100% of the issued share capital of Eastern Mining pursuant to a share sale agreement between the Company Eastern Mining and Balkan Mining Pty Ltd. Through its wholly-owned subsidiary, Eastern Mining, the Company holds the Exploration Concession which comprises the Veovaca and Rupice Projects and other prospective mining areas.
The company subsequently pursued a Perth-registered ASX listing in 2018.