{"id":189019,"date":"2025-09-30T22:11:23","date_gmt":"2025-09-30T20:11:23","guid":{"rendered":"https:\/\/serbiantimes.info\/en\/?p=189019"},"modified":"2025-09-30T22:20:25","modified_gmt":"2025-09-30T20:20:25","slug":"australians-seek-gold-in-serbia-they-purchased-the-right-to-drill-on-as-much-as-62000-hectares-of-land","status":"publish","type":"post","link":"https:\/\/serbiantimes.info\/en\/australians-seek-gold-in-serbia-they-purchased-the-right-to-drill-on-as-much-as-62000-hectares-of-land\/","title":{"rendered":"AUSTRALIANS SEEK GOLD IN SERBIA: They purchased the right to drill on as much as 62,000 hectares of land!"},"content":{"rendered":"\n<p>The Australian company <em>Middle Island Resources<\/em>, by taking over another Australian firm, <em>Konstantin Resources<\/em>, has become the owner of 14 licenses for mineral exploration in Serbia, covering as much as 62,000 hectares \u2013 more than any other company in the country. Exploration has already begun at Bobija.<\/p>\n\n\n\n<p>The licenses cover three main project areas \u2013 Bobija, Priboj, and Timok \u2013 primarily focused on gold and copper, but also silver, lead, and zinc, reports the Australian outlet <em>Mining<\/em>, as cited by <em>Ekapija<\/em>.<\/p>\n\n\n\n<p>The Bobija project, which the new owner will focus on first, spans a total of 20,800 hectares and is located only about 100 km southwest of Belgrade.<\/p>\n\n\n\n<p>It includes three issued exploration permits \u2013 Bobija, Bobija East, and Kamenita Kosa \u2013 as well as an application for Orovica and a ten-year option for two mining licenses owned by the local company Bobija doo Ljubovija.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><mark style=\"background-color:#FFFFFF;color:#d21414\" class=\"has-inline-color\">READ MORE:<\/mark><\/h4>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-serbiantimes-info wp-block-embed-serbiantimes-info\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"wJRHPnDNmL\"><a href=\"https:\/\/serbiantimes.info\/dusan-alimpijevic-je-novi-selektor-orlova-potpisao-trogodisnji-ugovor-sa-kss-foto\/\">DU\u0160AN ALIMPIJEVI\u0106 JE NOVI SELEKTOR ORLOVA: Potpisao trogodi\u0161nji ugovor sa KSS! (FOTO)<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#132;DU\u0160AN ALIMPIJEVI\u0106 JE NOVI SELEKTOR ORLOVA: Potpisao trogodi\u0161nji ugovor sa KSS! (FOTO)&#147; &#8212; Serbiantimes.info\" src=\"https:\/\/serbiantimes.info\/dusan-alimpijevic-je-novi-selektor-orlova-potpisao-trogodisnji-ugovor-sa-kss-foto\/embed\/#?secret=DRilgJtZn1#?secret=wJRHPnDNmL\" data-secret=\"wJRHPnDNmL\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><strong>Exploration begins at Bobija<\/strong><\/p>\n\n\n\n<p>According to Australian media, Middle Island has already begun exploration at the Bobija project. This refers to Mount Bobija near Ljubovija, where a barite mine once operated, and where the Australians now want to search for gold and other valuable metals in the former open-pit site.<\/p>\n\n\n\n<p>Barite production at this pit took place between the two world wars, and during the 1960s and 1980s, the Yugoslav government also carried out exploration. Gold, however, was not the focus, although later studies by Reservoir Minerals and Nevsun Resources (from 2014 to 2017) showed significant polymetallic mineralization close to the surface, reported <em>Business News Australia<\/em>, also cited by <em>Ekapija<\/em>.<\/p>\n\n\n\n<p>Based on 2022 data from the Ministry of Mining, further processed and analyzed by BIRN Serbia, <em>Konstantin Resources<\/em> was the company with the largest exploration area. At the time, it was noted that the company held 71,089 hectares across 11 locations stretching from Eastern Serbia, through \u0160umadija, to the far west of the country. The locations include \u017dagubica, Ku\u010devo, Petrovac na Mlavi, Majdanpek, Golubac, Po\u017eega, \u010ca\u010dak, Gornji Milanovac, Kosjeri\u0107, Priboj, and Nova Varo\u0161.<\/p>\n\n\n\n<p>\u201cRecent work by Konstantin Resources also revealed significant quantities of gold associated with the primary base-metal mineralization that was historically the main target of exploration,\u201d said Daniel Raihani, director of Middle Island.<\/p>\n\n\n\n<p>Middle Island states that the site shows similarities with the Vare\u0161 project in Bosnia and Herzegovina, a high-quality polymetallic deposit with an estimated 20.9 million tons of ore. Soil sampling is currently underway across the wider Bobija area to verify stream sediment anomalies from 2024.<\/p>\n\n\n\n<p><strong>Middle Island Resources and \u201cmodern Serbian mining legislation\u201d<\/strong><\/p>\n\n\n\n<p>Middle Island Resources is not a major player in the global mining market, but with its exploration area in Australia covering 860,000 hectares, combined with the potential copper and gold discoveries in Serbia, and, as <em>Business News<\/em> notes, \u201cmodern Serbian mining legislation and developed infrastructure,\u201d the company is in a position to make a breakthrough in this fertile mining region.<\/p>\n\n\n\n<p>On September 2, the company announced it was acquiring Konstantin Resources Limited for 9.5 million Australian dollars, paid through 475 million of its shares. However, the transaction requires shareholder approval, expected by late October or early November.<\/p>\n\n\n\n<p>The acquisition is said to be part of Middle Island\u2019s strategy to transform into a global copper and gold explorer, supported by a parallel share issuance worth 3.4 million dollars to finance exploration.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><mark style=\"background-color:#FFFFFF;color:#d21414\" class=\"has-inline-color\">MORE TOPICS:<\/mark><\/h4>\n\n\n\n<p><strong><a href=\"https:\/\/serbiantimes.info\/en\/i-do-not-agree-to-self-censorship-the-program-editor-of-rts-in-which-the-boy-praised-the-students-spoke-out\/\" target=\"_blank\" rel=\"noopener\" title=\"\">\u201cI DO NOT AGREE TO SELF-CENSORSHIP\u201d: The program editor of RTS, in which the boy praised the students, spoke out!<\/a><\/strong><\/p>\n\n\n\n<p><strong><a href=\"https:\/\/serbiantimes.info\/en\/boy-terribly-beaten-at-school-admitted-to-the-health-center-with-head-injuries-peers-filmed-everything\/\" target=\"_blank\" rel=\"noopener\" title=\"\">BOY TERRIBLY BEATEN AT SCHOOL: Admitted to the Health Center with head injuries, peers filmed everything!<\/a><\/strong><\/p>\n\n\n\n<p><strong><a href=\"https:\/\/serbiantimes.info\/en\/a-day-after-recruiting-over-100000-people-putin-addressed-the-nation-russia-is-going-on-the-attack\/\" target=\"_blank\" rel=\"noopener\" title=\"\">A DAY AFTER RECRUITING OVER 100,000 PEOPLE: Putin addressed the nation, Russia is going on the attack!<\/a><\/strong><\/p>\n\n\n\n<p><strong><a href=\"https:\/\/serbiantimes.info\/en\/they-mentioned-serbia-too-the-state-department-revealed-the-reason-for-the-suspension-of-the-strategic-dialogue-with-pristina\/\" target=\"_blank\" rel=\"noopener\" title=\"\">THEY MENTIONED SERBIA TOO: The State Department revealed the reason for the suspension of the strategic dialogue with Pri\u0161tina!<\/a><\/strong><\/p>\n\n\n\n<p><strong><a href=\"https:\/\/serbiantimes.info\/en\/fifa-slapped-serbia-with-a-hefty-fine-the-behavior-of-the-fans-against-england-costs-the-eagles-dearly-before-the-key-match\/\" target=\"_blank\" rel=\"noopener\" title=\"\">FIFA SLAPPED SERBIA WITH A HEFTY FINE: The behavior of the fans against England costs the Eagles dearly before the key match!<\/a><\/strong><\/p>\n\n\n\n<p><strong><a href=\"https:\/\/serbiantimes.info\/en\/jokic-finally-appeared-before-the-media-nikola-spoke-about-the-failure-at-eurobasket-and-staying-in-denver\/\" target=\"_blank\" rel=\"noopener\" title=\"\">JOKI\u0106 FINALLY APPEARED BEFORE THE MEDIA: Nikola spoke about the failure at EuroBasket and staying in Denver!<\/a><\/strong><\/p>\n\n\n\n<p><strong>Source<\/strong>: <strong> <\/strong><a href=\"https:\/\/n1info.rs\/biznis\/australijska-firma-postala-najveci-rudni-istrazivac-u-srbiji-da-li-se-sprema-rudnik-na-100-kilometara-od-beograda\/\" target=\"_blank\" rel=\"noopener\" title=\"\">N1<\/a>, <strong>Foto:<\/strong> Pixnio<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian company Middle Island Resources, by taking over another Australian firm, Konstantin Resources, has become the owner of 14 licenses for mineral exploration in Serbia, covering as much as 62,000 hectares \u2013 more than any other company in the country. Exploration has already begun at Bobija. The licenses cover three main project areas \u2013 [&hellip;]<\/p>\n","protected":false},"author":2169,"featured_media":189020,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"footnotes":""},"categories":[4],"tags":[1426,925,8934,1214,113,8935,5337],"class_list":["post-189019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking","tag-australija","tag-kompanija","tag-rude","tag-rudnici","tag-srbija","tag-zemljiste","tag-zlato","entry"],"aioseo_notices":[],"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"Serbiantimes.info EN","distributor_original_site_url":"https:\/\/serbiantimes.info\/en","push-errors":false,"_links":{"self":[{"href":"https:\/\/serbiantimes.info\/en\/wp-json\/wp\/v2\/posts\/189019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/serbiantimes.info\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/serbiantimes.info\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/serbiantimes.info\/en\/wp-json\/wp\/v2\/users\/2169"}],"replies":[{"embeddable":true,"href":"https:\/\/serbiantimes.info\/en\/wp-json\/wp\/v2\/comments?post=189019"}],"version-history":[{"count":2,"href":"https:\/\/serbiantimes.info\/en\/wp-json\/wp\/v2\/posts\/189019\/revisions"}],"predecessor-version":[{"id":189041,"href":"https:\/\/serbiantimes.info\/en\/wp-json\/wp\/v2\/posts\/189019\/revisions\/189041"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/serbiantimes.info\/en\/wp-json\/wp\/v2\/media\/189020"}],"wp:attachment":[{"href":"https:\/\/serbiantimes.info\/en\/wp-json\/wp\/v2\/media?parent=189019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/serbiantimes.info\/en\/wp-json\/wp\/v2\/categories?post=189019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/serbiantimes.info\/en\/wp-json\/wp\/v2\/tags?post=189019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}