Yugo Metals (ASX:YUG) secures government approval for Petrovo polymetallic project

Yugo Metals has received formal approval from the Government of the Republic of Srpska for its 100% owned Petrovo tenement, a 10km² area encompassing the Sockovac project, providing full access to advance a polymetallic system supported by both historical drilling and recent surface exploration results.

Highlights

• Government approval granted for 100% owned Petrovo tenement (10km²)

• Surface results of up to 5.7 g/t Au and 1,330 g/t Ag

• Historical drilling includes 5.1m @ 6.6% Ni from 57.9m, including 1.5m @ 15.0% Ni

• Zinc, lead and antimony intercept of 9.35m @ 8.2% Zn+Pb and 0.4% Sb

• Mineralisation described as shallow and flat lying, amenable to open pit extraction

• Only ~21% of historical core assayed, with cobalt not tested

The approval removes a key regulatory step, enabling the company to progress exploration across a tenure that hosts a polymetallic system comprising nickel, zinc, lead, antimony, gold and silver.

The Sockovac area is described as hosting a non developed high grade polymetallic system in Europe, underpinned by historical drilling completed in 1969–1970, which intersected nickel mineralisation alongside base metals across multiple drillholes.

Recent work has extended the geological context beyond historical data, with rock chip sampling identifying gold grades up to 5.7 g/t and silver up to 1,330 g/t on surface.

These results sit alongside earlier drilling outcomes, including 2.3m @ 6.1% Ni to end of hole and broader polymetallic intervals, reinforcing the multi commodity nature of the system.

From a development standpoint, the geometry of the mineralisation is relevant, with the system described as shallow and flat lying and amenable to open pit extraction, while historical drilling has tested only a fraction of the prospective area.

The analytical coverage of earlier programs is limited, with only approximately 21% of total core length assayed and cobalt not analysed.

The company’s near term programme is structured around validating and expanding this historical dataset.

Planned work includes twinning priority drillholes such as B-16, B-10 and B-9 with diamond drilling to confirm grade, width and density to JORC 2012 standards, alongside systematic multi element testing incorporating cobalt, gold and silver.

Additional steps include extensional drilling to test untested soil anomalies and fault bounded blocks, ground geophysical surveys for target refinement, and metallurgical studies leading toward a resource estimate.

Within this context, management frames the approval as a step change in project access and progression. As Executive Director and Interim CEO Petar Tomašević stated,

“This approval represents a defining moment for Yugo Metals. We now have full access to advance what we believe is one of the most compelling high-grade polymetallic systems in Europe.”

The project sits within the Tethyan metallogenic belt, with exposure to base, battery and precious metals, and is located near existing infrastructure and transport routes into Europe’s battery manufacturing supply chain.

Looking ahead, progress will depend on the company’s ability to convert historical drilling into JORC compliant outcomes and to systematically test unassayed components of the system.

The outlined programme establishes a sequence of validation, expansion and technical studies, forming the basis for resource definition and further development.

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