Luke KP - Exploration Update
Drilling underway at Krstov Dol
On-ground exploration underway across PELA’s uniquely positioned Gold and Antimony portfolio in North Macedonia
Pela Global Limited (“PELA” or “the Company”) is pleased to advise shareholders that active field operations have commenced across the Company’s Luke KP concession in North Macedonia, covering the Krstov Dol Antimony Mine Restart Project (KDM) and the Samar Gold Project (SGP).
Exploration Activities Underway
The Company has:
commenced the rollout of ground-based geophysical surveys, with priority focus on both Krstov Dol and Samar prospects.
commissioned a dedicated drill core processing facility near site, now operational for geoscientific data collection, scanning and preparation for commercial analysis.
completed the first diamond drill hole at KDM, marking the start of PELA’s historical reserves and resources validation program.
These initial activities represent the first steps in a systematic, exploration approach designed to validate historical data, refine geological models and guide ongoing drilling campaigns.
The initiation of on-ground exploration aligns with a particularly favourable period for both precious metals and critical minerals, with gold and silver trading near all-time highs and antimony remaining a priority mineral for allied supply chains and strategic investors globally. PELA’s Luke KP concession provides a unique platform, hosting both the SGP and the KDM, enabling the Company to advance precious metals and critical mineral projects in parallel within a single, strategically located asset base.
Looking Ahead
PELA’s field team will continue expanding geological drilling and geophysical work programs over the coming weeks. Each stage of activity strengthens the Company’s technical understanding of the Luke KP concession and supports the Company’s objective of advancing the projects toward future reporting in accordance with the JORC Code.
Managing Director, Nik Jovanovski, commented:
“This marks the beginning of a sustained exploration effort across our Luke KP concession. The commencement of drilling and drill core processing is a significant milestone, and shareholders can expect ongoing updates as we continue to build momentum on the ground.”
We look forward to providing further updates as exploration progresses.
The Pela Team
For further information, please contact:
Investor Relations
PELA GLOBAL LIMITED
Email: info@pelaglobal.com.au
Website: www.pelaglobal.com.au
About Pela Global Limited
Pela Global Limited is an Australian critical and precious metals company focused on the responsible development of mineral resources across Southeastern Europe’s Tethyan Metallogenic Belt. Its key assets include:
Krstov Dol Antimony Project (North Macedonia) – An advanced-stage project aiming to produce high-grade antimony concentrate from a historically producing site, strategically positioned to support Western critical minerals supply objectives.
Samar Gold Project (North Macedonia) – A high-grade polymetallic system with confirmed gold, silver, lead, zinc, and copper mineralisation, offering strong exploration and development potential.
Forward-Looking Statements
This announcement may contain forward-looking statements which include, but are not limited to, statements regarding the future financial and operational performance of the Company, project development plans, timing and completion of studies, estimates of mineral resources or reserves, future production, costs, revenues, and other anticipated outcomes. Forward-looking statements are based on the Company’s current expectations, estimates, and assumptions and are subject to a range of risks, uncertainties, and other factors, many of which are outside the control of the Company. These could cause actual results to differ materially from those expressed or implied in such statements.Although the Company believes that the assumptions and expectations reflected in these forward-looking statements are reasonable, they should not be regarded as guarantees or predictions of future performance. Forward-looking statements are inherently subject to business, economic, competitive, political, and social uncertainties and contingencies. Readers are cautioned not to place undue reliance on such statements.
The Company makes no representation and gives no assurance that the results, performance, or achievements expressed or implied in the forward-looking statements will actually occur. Except as required by law, the Company does not undertake to update or revise forward-looking statements to reflect any change in expectations or circumstances.