Location: North Timok, Serbia

Category: JV Optioned Projects

Partner: BHP

Size: 55 sq km

NSR: 2%

Commodity: Copper

Exploration Stage: Target Delineation – West Zone and East Zone, Central and North Zone

Status: Drilling in 2024

Upcoming Exploration: Drilling in 2024

Target Areas: West Zone, East Zone, Central Zone, North Zone

Project Overview:

Adjacent to producing copper mine – The project is directly adjacent to the north of the producing Majdanpek Mine Complex.

One identified porphyry with potential for additional under cover porphyry systems –  Two of the targets at the southern end of the exploration area have similarities with the Majdanpek deposit – similar geology, structural settings, and mineralization.

Geophysical anomalies – CSAMT and magnetic anomalies have identified drill targets to test for undercover porphyry systems.  Further geophysics in 2024 is planned to complete MobileMT.

Drill Targets – four drill target areas identified: Southwest Zone and Southeast Zone, Central and northwest, based on geophysics, geochemistry and drill holes from prior exploration programs.