Mining company Apollo Minerals will acquire the Belgrade Copper Project in Serbia, which includes aspects of the Reservoir Minerals’ Studena, Donja Mutnica and Kopajska Reka prospects, according to media sources.
“The Belgrade copper project has a compelling exploration thesis which the team are extremely excited to test,” according to Apollo Minerals Managing Director Neil Inwood, as cited by Stockhead.com.
“Reservoir Minerals, who put the project together, discovered the 20 million tonne Cukaru Peki copper deposits at Bor and consequently did not focus on the highly prospective ground we have acquired,” he added.
The director stated that Reservoir made the Cukaru Peki copper deposits at Bor a priority, but that now Apollo Minerals sees the “potential for a similar tier 1 discovery exists at the region around Belgrade.”
The project includes licenses for Studena, Donja Mutnica, Lisa and Kopajska Reka in the Carpatho-Balkanian Metallogenic Province, which also “hosts the Bor and Cukaru Peki deposits,” Stockhead.com noted. Exploration is in “early stages.”
Photo of a copper mine in Bor, Serbia by Adolf Kaufmann, Public domain, via Wikimedia Commons.