Australian company after Serbian gold

Strickland Metals has entered the “profitable Serbian gold game”, having set aside 37 million dollars for the purchase of the Rogozna project, which boasts an enormous resource of 5.44 million ounces of gold equivalent (around 170 tons), Australian media report.

The Australian corporation, Strickland Metals Limited, is in the business of detecting world-class mineralized systems with a focus on gold and copper.

According to the media, Strickland Metals has already signed a binding sales and purchase agreement on the Rogozna gold project with ISIHC Ltd, a branch of Ibaera Capital Fund LP. The agreement entails the acquisition of the entire capital of Betoota Holdings Ltd, the owner of the company Zlatna Reka Resources, which owns the Rogozna project.

According to the media, the Rogozna project is located in the globally significant Tethyan Metallogenic Belt in Serbia and has excellent potential to become one of the biggest undeveloped gold sites in the world.

The project entails exploration on an area of 184 square kilometres in the Trepca mining basin in the south of Serbia.

This mineral resource also has 214,000 tonnes of copper and 364,000 tonnes of zinc, as well as the very strong potential for a considerable mineralization of copper and gold porphyry.

(eKapija, 18.04.2024)

This post is also available in: Italiano

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