Specialty Mining Company for Sale in Lece, Serbia
Mineral exploration company engaging in polymetallic and porphyry copper deposit discovery in southern Serbia.
Premium Plan
| Established | 5-10 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Specialty Mining |
| Locations | Lece |
| Local Time | 6:05 AM Europe / Belgrade |
| Listed By | Advisor / Business Broker |
| Status | Active |
Full Sale
Asking Price:
USD
10.6 million
(Native Currency: EUR 10,000,000)
Reason: Investing in other projects. This profile is listed by an advisor and no fees will be charged from t...
View More
Includes physical assets worth
USD
10.6 million
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Business Overview
Leading steel production company, through its subsidiary exploration company, is actively engaged in mineral exploration activities in the Lece area, South Serbia.
Since 2014, the company has been focusing on discovering new polymetallic and porphyry copper deposits.
* Exploration Licenses -
Ivan Kula: In early-stage exploration, and license obtained 3 years ago.
Stubla: In the third year of exploration, and the license was obtained 4 years ago.
Lece-Radan Planina: In the third year of exploration, and license obtained 2 years ago.
Majdan Planina: Continuous exploration for 10 years, awaiting license renewal.
TRN: In the process of obtaining a license from the Ministry and Mining and Energy (MME)
The exploration licenses are part of the Lece-Halkidiki metallogenic zone, characterized by andesitic and volcanoclastic rocks from the Oligocene-Miocene epoch. The area shows potential for various deposit types, including polymetallic, porphyry, epithermal, and VMS deposits.
* Geological observations -
Hydrothermal Alteration: The presence of strong argillic alteration (bleaching) and silicification at Vrelsko brdo further supports the potential for a porphyry copper deposit. These alteration types are commonly associated with the hydrothermal systems that form porphyry deposits.
Limonite-Pyrite Stockwork: The identification of a limonite-pyrite stockwork in outcrops at Vrelsko brdo provides additional evidence. Stockwork veining, characterized by networks of small veins filled with pyrite and other minerals, is a common feature of porphyry copper systems.
* Drilling Results -
Brajsor Area: Deep diamond drilling conducted across the license, targeting porphyry-style mineralization, yielded encouraging results in the Brajsor area. The presence of native copper and associated metals, along with the geochemical anomalies and alteration patterns observed elsewhere, contributes to the overall picture suggesting potential for a porphyry copper system at Majdan Planina.
The company aims to continue its exploration activities, focusing on high-potential areas and obtaining necessary licenses to expand its operations.
Since 2014, the company has been focusing on discovering new polymetallic and porphyry copper deposits.
* Exploration Licenses -
Ivan Kula: In early-stage exploration, and license obtained 3 years ago.
Stubla: In the third year of exploration, and the license was obtained 4 years ago.
Lece-Radan Planina: In the third year of exploration, and license obtained 2 years ago.
Majdan Planina: Continuous exploration for 10 years, awaiting license renewal.
TRN: In the process of obtaining a license from the Ministry and Mining and Energy (MME)
The exploration licenses are part of the Lece-Halkidiki metallogenic zone, characterized by andesitic and volcanoclastic rocks from the Oligocene-Miocene epoch. The area shows potential for various deposit types, including polymetallic, porphyry, epithermal, and VMS deposits.
* Geological observations -
Hydrothermal Alteration: The presence of strong argillic alteration (bleaching) and silicification at Vrelsko brdo further supports the potential for a porphyry copper deposit. These alteration types are commonly associated with the hydrothermal systems that form porphyry deposits.
Limonite-Pyrite Stockwork: The identification of a limonite-pyrite stockwork in outcrops at Vrelsko brdo provides additional evidence. Stockwork veining, characterized by networks of small veins filled with pyrite and other minerals, is a common feature of porphyry copper systems.
* Drilling Results -
Brajsor Area: Deep diamond drilling conducted across the license, targeting porphyry-style mineralization, yielded encouraging results in the Brajsor area. The presence of native copper and associated metals, along with the geochemical anomalies and alteration patterns observed elsewhere, contributes to the overall picture suggesting potential for a porphyry copper system at Majdan Planina.
The company aims to continue its exploration activities, focusing on high-potential areas and obtaining necessary licenses to expand its operations.
Products & Services Overview
Exploring mineral resources in southern Serbia in an area with a long history of mining, as evidenced by the active polymetallic lead-zinc mine at Lece. The company is targeting two main types of deposits across its licenses:Polymetallic Deposits: These deposits, which contain multiple metals, are primarily composed of lead, zinc, gold, silver, and copper. The company believes that the geological conditions in the region are favourable for the formation of these deposits. The company is focusing its exploration efforts on areas with known occurrences of these metals and evidence of hydrothermal activity.
Porphyry Copper Deposits: The Company has intensified its exploration efforts for porphyry copper deposits, driven by the discovery of the Kiseljak deposit by Dunav Minerals in a neighbouring license area. These deposits, known for their large size and potential for copper, gold, and molybdenum, are formed from magmatic processes. The firm is using a variety of exploration techniques, including geochemical sampling of soil and streams and deep diamond drilling, to identify promising areas for further exploration.
Assets Overview
- Land and properties in the Lece magmatic complex containing polymetallic and porphyry copper deposits:* Ivan Kula: 4.53 square kilometers.
* Lece-Radan planina: 43.27 square kilometers.
* Stubla: 42.79 square kilometers.
* Majdan planina: 25.33 square kilometers.
- Active exploration licenses.
Facilities Overview
Owned land of a total of 135.59 square kilometres.
Capitalization Overview
Subsidiary of a major steel production group. More details will be disclosed after the introduction.
Recent Activity
-
Earlier than 15 daysManaging Director, Delaware, Investment Bank connected with the Business
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
1 Buyer already contacted this Business.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 116,500+ other businesses of all sizes.
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
You might also be interested in these businesses