Strategic Commentary
News
World Economic Forum Recognises Antimony’s Strategic Importance - PELA’s KDM Project Highlighted as Part of Western Supply Solution
Pela Global Limited (“PELA” or “the Company”) is pleased to note that its flagship Krstov Dol Mine (KDM) in North Macedonia has been highlighted by the World Economic Forum in its feature article, ‘From rare earths to antimony: A strategic approach to critical mineral supply’ (13 November 2025).
Antimony takes Centre Stage
The World Economic Forum identifies antimony as the next major test of Western industrial resilience - a metal once overlooked, now vital for semiconductors, batteries, fire-retardants and defence systems. It warns that over 90% of global mine supply originates from China, Russia and Tajikistan, leaving Western nations dangerously exposed to disruption.
With antimony spot prices approaching US$50,000 per tonne, the Forum highlights the need for new supply sources from stable and established mineral belts. As part of its discussion on potential near-term solutions, the World Economic Forum article includes a hyperlink to PELA’s announcement, ‘Pela Antimony Project Endorsed by the Minerals Security Partnership’, referencing KDM in North Macedonia - within the Tethyan Belt - as part of the broader conversation on emerging Western-aligned antimony supply opportunities.
KDM: The Right Metal, in the Right Place
Located in North Macedonia, KDM is one of the few restorable antimony mines in an EU-aligned jurisdiction. Its advantages include:
Historically producing mine - previously delivering saleable, high-grade antimony concentrate, confirming proven mineralisation and processing capability.
Significant historical GKZ-classified mineralisation currently being evaluated and validated for potential future reporting in accordance with the JORC Code.
Member of the Critical Minerals Forum and the Minerals Security Partnership.
Comment
Nik Jovanovski, Managing Director of PELA, said: “The World Economic Forum’s recognition highlights just how strategically important antimony has become. KDM’s location in North Macedonia, its historical production and geological potential, make it uniquely positioned within Europe’s industrial corridor and aligned with Western supply-chain security goals. We’re proud to be advancing one of a limited number of projects targeting future production of high-grade antimony concentrate from an allied jurisdiction.”
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.
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