Kaludra Project Update

A steady progress is being made at Tera Balkanika doo Beograd Kaludra polymetallic exploration licence of the SW Serbia’s Raška mining district (the Kopaonik metallogenic zone). In conjunction with soil geochemistry data, the first phase of our 66 km ground, high resolution, poly‐dipole IP/Resistivity study (12 dipole/50 m spacing) by Turkish Enerson Engineering will provide chargeability targets for a preliminary 1,500 m drilling campaign expected to commence in Q1 of 2022. We are proud of our field team which blazed the lines and has been safely executing this important study over a challenging topography and frequently unforgiving bush.