Balkan Mining & Minerals (22% equity holding)
EV Resources and strategic partner Sandfire Resources (ASX:SFR) each hold a 22% equity interest in Balkan Mining and Minerals (ASX:BMM) an ASX listed Balkan focused exploration company with two key Lithium-Borate Projects, Rekovac and Cacak, located in Serbia.
The existing Collaboration Agreement between EV Resources, Sandfire Resource and Balkan Mining and Minerals will allow Balkan to benefit from EV Resources and Sandfire’s technical and strategic resources in order to the progress of the Balkan asset portfolio.
Rekovac, Dobrinja and Pranjani Lithium-Borate Projects – Serbia
The projects are located within the Vardar Zone an emerging Tier 1 Lithium jurisdiction. Balkan’s flagship Rekovac project exhibits a very similar geological setting to the Jadar Basin, which is host to Rio Tinto’s world-class Jadarite discovery – one of the world’s largest lithium deposits.
The Dobrinja and Pranjani licence areas (Čačak Block) located in western Serbia approximately 90 km south-southwest of Belgrade covers a combined area of approximately 64 km2. Earlier studies carried out by the Yugoslavian Geological Survey identified favourable lacustrine strata for hosting lithium and boron within the licenced areas, which was followed up by EV Resources´s desktop studies that identified the basin’s potential.