Copper Porphyry
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Mundoro Options Central Timok Exploration Licenses to BHP in Serbia
Mundoro Capital granted BHP a 10-year option to acquire 100% of seven Central Timok Project exploration licenses in Serbia. BHP will fund up to US$35M in exploration and milestone payments, potentially totaling ~US$48.54M. Mundoro retains a 2% NSR royalty and will initially operate the 418 km2 project, encompassing targets like Skorusa and Tilva Rosh. The deal allows Mundoro to leverage BHP’s resources while maintaining a key royalty stake in a prospective copper region.
