Project Update - April 2026
Pela geoscience and logistics teams with GEOPS drilling contractor reviewing orientation drillhole KDM0001 at Krstov Dol
PELA Advances Krstov Dol Antimony Mine Restart and Samar Gold Projects with Active Drilling and Exploration Programs Underway
Pela Global Limited (“PELA” or the “Company”) is pleased to provide an operational update on its activities within the Luke KP Concession in North Macedonia, where the Company is advancing both the Krstov Dol Antimony Mine Restart Project (KDM) and the Samar Gold Project (Samar), alongside broader polymetallic mineral camp evaluation across the concession.
The Company continues to progress its planned exploration and development programs with no material impediments.
Key Highlights
· KDM - Phase One (~3,000m) of the Company’s antimony resource definition drilling program has commenced, forming part of the broader Reserve Validation Program aimed at supporting a Mineral Resource Estimate (MRE) in accordance with the JORC Code (2012). Core is currently being processed in preparation for commercial laboratory analysis, with the first assay results expected in Q2 2026.
· Samar - Visible polymetallic mineralisation (Cu, Pb, Zn, Ag and Au) has been confirmed across multiple intersections within historical diamond drill core (~4,300m). Core is currently being processed in preparation for commercial laboratory analysis, with the first assay results expected in Q2 2026.
· Luke KP - Ground-based geophysical surveys, including magnetic, spectral radiometric and passive seismic programs, have commenced across the concession. These activities support geological modelling, target refinement and broader mineral camp evaluation.
· Resource estimation - The Company has engaged independent resource geologists and multidisciplinary mining consultancy Entech to develop and implement resource estimation workflows in accordance with the JORC Code (2012), supporting the delivery of PELA’s first resource statement and subsequent mining studies at KDM.
· PELA has undertaken a significant upgrade of its data management systems and is expanding its local workforce and site infrastructure to support ongoing drilling, resource definition and exploration activities, with further scaling scheduled through Q2 2026.
Commentary
PELA continues to advance both the Krstov Dol Antimony Mine Restart Project and the Samar Gold Project through coordinated technical workstreams, while simultaneously progressing polymetallic mineral camp evaluation across the broader Luke KP Concession. This integrated approach is designed to support near-term resource definition at KDM, while unlocking district-scale exploration potential across multiple targets.
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.
Authorised for release by the Board of Pela Global Limited.