Exploration Agreement

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.

Goldrea Resources (GORAF) announced an option agreement on Sept 29, 2025, to acquire 70% of Hanstone Gold’s Snip North property in British Columbia’s Golden Triangle. The 3,400-hectare property, adjacent to Goldrea’s Cannonball holdings, could expand Goldrea’s land to 8,500 hectares. The earn-in requires $1.25M in exploration over four years. Goldrea will be the initial operator of a joint venture upon completion and has allocated $100,000 to maintain the property through Nov 30, 2026.