Strengthening the Geological Foundation at the Krstov Dol Antimony Mine
Historical Krstov Dol Mine
KDM Project Update
Paving Way to Resource Drilling and JORC MRE
Pela Global Limited (“PELA” or “the Company”) is pleased to report the successful curation and validation of historical geological data at the Krstov Dol Mine (“KDM"), a past-producing antimony mine with additional polymetallic potential. This process involved taking the historical records, verifying their accuracy, and digitising them into a modern geological database. With this foundation in place, PELA is now positioned to advance planned geo-modelling, ground geophysical surveys, and a multi-phase resource drilling campaign.
This technical milestone represents a pivotal step in advancing the Krstov Dol Antimony Mine Restart Project.
PELA’s drilling program is designed to convert and expand the historical GKZ-classified reserves and resources into a Mineral Resource Estimate (“MRE”) in accordance with the JORC Code, advancing the pathway to unlocking future value at KDM. Planned geophysical surveys will assist in prioritising drilling phases across the large footprint of this polymetallic deposit, with the potential to reveal further scale along strike and at depth.
“This milestone significantly strengthens the geological understanding of Krstov Dol,” said Nik Jovanovski, Managing Director of PELA. “By establishing a modernised data framework and geo-modelling capability, PELA is now well positioned to execute ground geophysical programs and commence the first phase of resource drilling - an important step toward delivering an MRE in accordance with the JORC Code and advancing the restart potential of KDM.”
This work underscores PELA’s commitment to building a rigorous geological and technical foundation, de-risking upcoming resource validation drilling and supporting future feasibility studies at KDM.
The Company acknowledges the valued technical expertise, technology, and tooling provided by Kinematex across the Luke KP Concession.
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.