Project & Market Updates
Luke KP Concession
Update
Geophysics & Resource Drilling Program
Pela Global Limited (“PELA” or “the Company”) is pleased to provide shareholders with an update on project and market developments across its portfolio of critical and precious metals assets in North Macedonia, including the KDM Antimony Restart Project (“KDM”) and the Samar Gold Project, both located within the Company’s Luke KP Concession. This update outlines continued progress in advancing PELA’s strategic development programs and strengthening its positioning in high-demand commodity markets.
Operational Progress
PELA continues to advance key workstreams in preparation for the next phase of exploration and project development.
The Company has executed a drilling contract with experienced regional contractor GEOPS Balkan Drilling Services to support the upcoming resource validation and expansion program at KDM. Water sourcing for drilling has been completed, ensuring timely mobilisation of field operations.
Ahead of drilling, PELA is mobilising the Kinematex geophysics team and equipment to conduct detailed ground surveys, including induced polarisation and ground magnetic surveys. These studies will refine drill targeting and enhance geological understanding of the Krstov Dol and Samar orebodies.
To ensure alignment with international environmental and social impact standards, PELA has appointed Tehnolab DOO Skopje as its Environmental and Social Impact Assessment (ESIA) consultant. Tehnolab brings extensive regional expertise in environmental monitoring, laboratory testing, and project design. Baseline studies and stakeholder mapping will commence in parallel with field activities to underpin development of the Feasibility Study.
Overall, detailed planning and mobilisation activities are progressing on schedule, with the Company preparing for field commencement in the near term.
Commodity Market Context
Global interest in antimony remains strong, recognising its status as a critical mineral essential to the green energy transition, next-generation battery technologies, flame-retardants and defence applications.
Recent Chinese export curbs and reductions in domestic production have further tightened global supply, intensifying Western concerns over access to this strategically important metal. With limited production capacity in Western jurisdictions and an increasing policy emphasis on supply-chain independence, international focus has returned to the development of sustainable, transparent antimony sources - a key opportunity for PELA as it advances its development pipeline.
Meanwhile, both gold and silver are trading near all-time highs, reflecting ongoing macroeconomic uncertainty and strong investor demand for safe-haven assets. This sustained price strength enhances the outlook for PELA’s Samar Gold Project and complements the growth potential of its antimony exposure.
Together, these dynamics reinforce the value of PELA’s diversified critical and precious metals portfolio, housed within a single, well-located concession.
The Company also notes that North Macedonia has finalised a draft of proposed amendments to its Mining Law, designed to align the nation’s regulatory framework with evolving European Union standards. Once ratified, these reforms are expected to enhance transparency, governance and environmental compliance across the mining sector - offering an improved operating environment for responsible developers such as PELA. This is a positive development for international investors and supports PELA’s long-term strategy of developing projects under transparent, EU-aligned frameworks.
Outlook
PELA remains focused on delivering near-term exploration success and advancing both the KDM Antimony and Samar Gold Projects through completion of planned mineral resource estimates in accordance with the internationally recognised JORC Code.
The Company continues to operate prudently, positioning itself to benefit from strengthening global demand for critical minerals that enable the clean energy transition, alongside the enduring value of precious metals such as gold and silver.
PELA looks forward to providing shareholders with further updates as key milestones are achieved.
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.