Mundoro seeks new partners for Central Timok, Borsko as BHP exits options

Bitget2026/11/06 13:51

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Mundoro Capital received BHP's termination notices for Central Timok and Borsko options in Serbia; eight licenses remain 100% owned.
BHP's Trstenik and South Timok options remain in good standing, with exploration expenditure requirements met and work budgets through June 2027.
Exercising either continuing option would give BHP 100% ownership of the relevant licenses; Mundoro would retain a 2% net smelter return royalty.
Central Timok and Borsko have five drill-ready porphyry targets; drilling depends on securing new partners.
No 2026 drill intervals met the company's significance threshold, although geological results supported follow-up drilling at two targets.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mundoro Capital Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202611060850NEWSFILECNPR____20261106_322850_1) on November 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Mundoro seeks new partners for Central Timok, Borsko as BHP exits options

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