Yugo Metals (ASX:YUG) dual lists in Germany as Sinjakovo drilling advances

Battery, base and precious metals explorer Yugo Metals has broadened its European footprint, confirming a dual listing on the Frankfurt and Dusseldorf Stock Exchanges while releasing an update on the initial phase of drilling at the Sinjakovo Project in Bosnia and Herzegovina.

The timing positions the company in front of a larger pool of European institutional and retail investors during a period of elevated interest in projects capable of supporting regional demand for battery and precious metals, while early scout drilling begins to outline geological trends across the Kovacevac prospect.

Highlights

• Dual listing completed on the Frankfurt and Dusseldorf Stock Exchanges, with the ASX remaining the primary listing.

• Increased exposure to European institutional and retail investors at a time of strong interest in base and precious metal projects that could supply European demand.

• Drilling in progress on the first of three prepared pads.

• Three diamond drillholes completed for a total of ~230m.

• KVDD001 intersected 1.8m drilling width of silver lead zinc mineralisation from 27.7m depth.

• Two additional drillholes designed to further test the same target.

Yugo Metals’ dual listing brings the company into one of Europe’s largest capital markets, providing greater visibility for investors seeking exposure to battery and precious metals within established European supply chains.

The company notes that interest from European investors has been strong, particularly in relation to recent capital raisings, and has appointed a European investor relations adviser to support engagement in this market.

At Sinjakovo, drilling has commenced on the first of three prepared drill pads, with three early holes completed at a combined depth of approximately 230m.

The initial holes are designed as short scout holes to establish geological orientation and mineralisation characteristics ahead of potential step out drilling.

KVDD001, the easternmost hole, intersected 1.8m of disseminated sphalerite and galena from 27.7m depth, including a 0.2m interval of semi massive mineralisation adjacent to a 0.3m core loss zone.

KVDD002 returned weak mineralisation over 0.9m from 22.6m depth, while KVDD003 intersected a ~2m void at the target horizon that may represent an unrecognised medieval mining tunnel.

The mineralisation comprises sphalerite and silver rich galena with minor chalcopyrite and antimony tetrahedrite, associated with barite siderite manganese alteration hosted in carbonate rocks such as marble, ankerite limestone and limestone, and is interpreted from drilling observations as gently dipping to the south west.

The holes have not yet been sampled, with the first batches expected to be submitted to the laboratory by the end of 2025 and assay results anticipated in early February 2026.

Yugo Metals’ Executive Director and Interim CEO, Petar Tomašević, said

“even though it is early days, the initial scout drilling has intersected a promising zone of mineralisation, reinforcing our confidence in the potential for a significant polymetallic discovery at the Sinjakovo Project.”

Two further drillholes of approximately 50m each are planned from the current pad to continue evaluating the target zone before the drill rig moves to the second pad to test the north west section of the Kovacevac prospect.

Planned future work includes several short holes from each of the three prepared pads to determine the extent and continuity of mineralisation.

Yugo Metals’ update combines a corporate development with the first technical indications from its Bosnian exploration program.

While the drilling remains at an early stage, the observations provide an initial framework for understanding the mineral system at Sinjakovo.

The dual listing enhances the company’s visibility within European markets, and the analytical results expected in early 2026 will offer the first quantitative assessment of the mineralisation encountered so far.

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