Yugo Metals has made promising progress with diamond drilling at its Sinjakovo project, intersecting silver-zinc-lead mineralisation, while securing $3.5 million in new funding and expanding its investor reach through a dual listing in Germany.
- Diamond drilling at Sinjakovo intersects 1.8m of silver-zinc-lead mineralisation
- $3.5 million placement completed to fund gold-focused drilling
- Historic $0.4 million VAT refund received from Bosnia-Herzegovina authorities
- Dual listing achieved on Frankfurt and Dusseldorf stock exchanges
- Cash balance stands at approximately $3.2 million at quarter end
Exploration Advances at Sinjakovo
Yugo Metals Limited (ASX – YUG) has reported encouraging early results from its diamond drilling program at the Kovacevac Prospect within the Sinjakovo project in Bosnia and Herzegovina. Four drill holes completed from the first pad have intersected silver-zinc-lead mineralisation, with the standout hole KVDD001 revealing a 1.8-metre width of sphalerite and galena mineralisation starting at 27.7 metres depth. This includes a semi-massive zone indicating potentially higher-grade material. While other holes showed narrower or weaker mineralised intervals, the company believes mineralisation may improve further east along strike, prompting plans for additional drilling in that direction.
Funding and Financial Position
To underpin its ongoing exploration activities, Yugo Metals successfully completed a two-tranche placement raising $3.5 million before costs at $0.045 per share. The placement included free attaching options exercisable at $0.10, expiring in three years, providing investors with additional upside potential. The company’s cash position at the end of December 2025 stood at approximately $3.2 million, bolstered by a historic VAT refund of around $0.4 million from the Bosnia-Herzegovina indirect taxation authority. This refund, previously written off, underscores improved fiscal management and relations with local authorities.
Strategic Expansion and Market Access
In a strategic move to broaden its investor base and increase exposure to European markets, Yugo Metals secured a dual listing on the Frankfurt and Dusseldorf stock exchanges while maintaining its primary listing on the ASX. This dual listing aligns with rising investor interest in base and precious metals critical to European battery manufacturing supply chains. To support this expansion, the company appointed Stefan Lindham of Aktiencheck.de AG as its European investor relations advisor.
Ongoing Exploration and Community Engagement
Beyond Sinjakovo, Yugo Metals continues active exploration and stakeholder engagement at its Sockovac (Petrovo) project. The company is in discussions with the Bosnian Ministry of Energy and Mining regarding approval of the Petrovo 2 tenement, which covers areas with historical high-grade nickel and zinc-lead drill results and recent surface gold-silver mineralisation. Yugo remains optimistic about securing this tenement and is also evaluating potential acquisitions in tier 1 jurisdictions to complement its portfolio and enhance shareholder value.
Outlook
With assay results from the initial drilling pending, Yugo Metals is poised to refine its exploration strategy at Sinjakovo. The company’s strengthened financial position and expanded market presence provide a solid platform for advancing its battery and precious metals projects in Europe’s Tethyan metallogenic belt.
Bottom Line?
Yugo Metals’ next assay results and regulatory approvals will be pivotal in shaping its growth trajectory and investor confidence.
Questions in the middle?
- What will the assay results reveal about the grade and extent of mineralisation at Kovacevac?
- How soon can Yugo expect approval for the Petrovo 2 tenement and what impact will it have?
- What potential acquisitions is Yugo considering to complement its existing projects?