Yugo Metals Limited (ASX:YUG) drilling contract signed as Sinjakovo preparations conclude

Yugo Metals has moved its Sinjakovo gold program into the execution phase, completing all site preparations and signing a drilling contract that confirms Phase 1 diamond drilling will commence in the coming weeks.

The groundwork sets up the earliest ever drilling across the project’s gold prospects, following encouraging trench, rock chip and geophysical results previously reported by the Company.

Highlights

• Drilling contract signed with GIM Geotehnika for up to 1,000 metres at Sinjakovo.

• Earthworks, access roads and pads completed and ready for rig mobilisation.

• Drilling scheduled to begin late November and finish by the end of 2025.

• Initial results expected early 2026.

• Targets include trenching results of 61m at 1.5g/t gold and 21m at 1.4g/t gold, and rock chips up to 8g/t gold and 4.5 per cent antimony.

• Induced Polarisation survey recorded strong shallow chargeability anomalies.

The signing of the contract with GIM Geotehnika formalises the Company’s plan to undertake up to 1,000 metres of diamond drilling, with an option to increase the program if warranted.

According to the release, the drilling will test the first ever holes across the Sinjakovo gold prospects, an area that Yugo Metals has progressively advanced through mapping, sampling and geophysical work.

Earlier trenching programs returned intervals including 61 metres at 1.5 grams per tonne gold and 21 metres at 1.4 grams per tonne gold, while rock chip samples reached up to 8 grams per tonne gold and 4.5 per cent antimony.

These datasets sit within a six square kilometre gold in soil footprint defined by the Company, which has since been followed by an Induced Polarisation survey that produced strong shallow chargeability anomalies.

The combined information places clear priority on targets where gold and antimony mineralisation coincide with structural complexity and quartz porphyry units within the carbonate sequence, as illustrated in the plan and section maps on pages two and three of the release.

In parallel with the contract signing, the Company has completed all necessary earthworks at Sinjakovo, including track construction and the establishment of drill pads.

Photographs on page three of the ASX release show the prepared access routes and excavation work required to support drilling logistics. These works enable the drilling contractor to mobilise immediately once scheduled.

Yugo Metals’ Executive Director and Interim CEO, Petar Tomašević, said the Company is now positioned to execute the program.

“We have engaged a highly experienced team with a focus on completing Phase 1 of the gold focused diamond drilling program at Sinjakovo by the end of 2025. Drilling preparations are now completed, and the site is ready for the rig to mobilise and drilling to commence in the coming weeks.”

As drilling is expected to be completed by year end, the Company has guided that initial assay results should be available in early 2026.

The work program forms part of the Company’s broader exploration portfolio in Bosnia and Herzegovina, where its projects sit within the Tethyan metallogenic belt, a region noted for precious and battery metals prospectivity.

The proximity to established European transport corridors and downstream supply chains provides additional context for the Company’s ongoing exploration progression.

With preparations finalised and drilling imminent, investor attention will now turn to the first diamond drill results from Sinjakovo, which are intended to validate earlier surface discoveries and advance the geological understanding of the gold antimony system.

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