PELA receives Government Approval to commence Reserve Validation Program at Krstov Dol Antimony Mine
Contractor sourcing drilling campaign water at KDM
Company Announcement
Pela Global Limited (“PELA” or “the Company”) is pleased to announce that the Government of North Macedonia has officially approved its 2025 Reserve Validation Program at the Krstov Dol Antimony Mine (KDM).
The approval, issued by the Geological Institute of the Republic of North Macedonia, allows the Company to initiate a structured program designed to validate historical exploration and resource data and support the development of a Mineral Resource Estimate (MRE) in accordance with the JORC Code (2012).
This Reserve Validation Program is a key step in advancing the Krstov Dol Antimony Project through the pre-development phase and reflects PELA’s strong focus on regulatory compliance, geological confidence, and long-term stakeholder engagement.
The approved scope of work includes:
Diamond drilling to confirm mineralisation continuity, grade, and geometry of the KDM orebody, including verification of historical orebody assay data.
Surface and structural mapping building upon PELA’s recently detailed lithological mapping and the resulting regional geological interpretation.
Geophysical surveys, including induced polarisation (IP) and ground magnetics.
Comprehensive analysis of field samples and drill core, including petrophysics, alteration mineralogy, mineral pathfinder geochemistry, commercial laboratory assay (geochemistry), and metallurgy.
Environmental baseline studies and Environmental and Social Impact Assessment (ESIA) in line with international best practice, supporting future permitting and development phases.
Nik Jovanovski, Managing Director of PELA, commented:
“This approval reflects the close cooperation between PELA and the relevant Macedonian authorities and affirms our commitment to transparency, governance, and responsible resource development. It marks a significant milestone as we work toward delivering a Mineral Resource Estimate in accordance with the JORC Code and unlocking the full value of the KDM project.”
PELA will continue to keep shareholders and stakeholders informed as the Reserve Validation Program progresses and as further project 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.