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BHP to earn stake in three Mundoro properties

Published by , Editorial Assistant
Global Mining Review,

Mundoro Capital Inc. has announced it has entered into a definitive agreement with a wholly owned subsidiary of BHP Group Limited, which provides BHP with the right to earn-in to three exploration areas that Mundoro holds in the Timok region.

Ms. Teo Dechev, Chief Executive Officer, President and Director of Mundoro commented:

“Mundoro welcomes BHP as an exploration partner that recognises the potential of further exploration in the western Tethyan Belt. We are looking forward to commencing field exploration at the Timok properties in order to advance targeting and testing of undercover, and near surface, porphyry and related epithermal systems in the Timok region of eastern Serbia.”

“Mundoro has established a decade-long history of generative and early-stage exploration in Serbia and Bulgaria. Partner funded exploration programmes along with Mundoro’s generative programmes have invested over CAN$30 million of exploration expenditures which bring value to stakeholders in the communities where we operate, to our partners, and to our shareholders.”

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