Partnered projects
BHP-Mundoro Borsko–South Timok–Trstenik
Timok Magmatic Complex, Serbia
District-scale copper-gold porphyry project in the Timok Magmatic Belt.
Project overview
The Borsko–Trstenik–South Timok JV is a multi-license exploration project covering 398 sq. km within the world-class Timok Magmatic Complex in Serbia. Partnered with BHP, this project leverages advanced exploration techniques to identify copper-gold porphyry and epithermal systems across three strategic license areas. With an option for BHP to earn 100% by sole funding US$7.5 million in exploration, work is advancing through the Target Delineation and Testing stages, focused on identifying undercover porphyry sources and extensions of mineralization similar to the nearby world-class Bor and Majdanpek deposits.
Project snapshot
- Partner
- BHP (100% earn-in)
- Operator
- Mundoro
- Focus
- Concealed porphyry
- Method
- Seismic + AMT + gravity
- Stage
- Target testing
Location and access
Timok Area, Serbia
Timok is one of the most prolific metallogenic domains in the Tethyan Belt, hosting several significant deposits and major producing mines, including the Čukaru-Peki Deposit. The project area benefits from excellent year-round road access, proximity to the major mining hub of Bor, and established high-voltage power and water infrastructure.
Geophysics
Advanced subsurface imaging
Over 230 line km of IP data identifies disseminated sulfide mineralization typical of porphyry systems. Deep-sensing CSAMT surveys (260+ line km) map structural controls and alteration at depth, with complementary Ground Magnetics and Passive Seismic (100+ sq km) refining drill targeting and reducing discovery risk.
Drilling
Drilling ongoing
Between 8,000m – 12,000m of diamond drilling is planned for 2026, testing high-priority targets from the 2023–2025 geophysical campaigns, focused on extensions of known mineralized trends and blind deep-seated targets.
Option agreement
How Mundoro creates value here
Our partner funds exploration and can earn in over time, while Mundoro earns near-term option and operator fees and retains a royalty on any future discovery.
Unlock the potential of Mundoro's copper projects
Focused on copper. Funded by partners. Built for royalties.