EMX Royalty Partner, Zijin Mining, Provides an Update on a New Copper and Gold Discovery in Serbia
EMX Royalty (NYSE American: EMX) announces that its partner Zijin Mining has reported a significant discovery at the Timok project in Serbia. The newly discovered Malka Golaja Copper-Gold Deposit, located 7km southeast of the Cukaru Peki Mine, contains approximately 2.81 million tonnes of copper resources with an average grade of 1.87%, and 92 tonnes of gold resources with an average grade of 0.61 g/t.
The deposit, which remains open at the periphery, represents about 150 million tonnes of mineralized material. EMX holds a 0.3625% NSR royalty over the Brestovac exploration permit area, including the Cukaru Peki Mining Licenses. The company also maintains a 2% NSR royalty on precious metals and a 1% NSR royalty on base metals on the Brestovac West License. All royalties are uncapped and non-reducible, with EMX currently receiving quarterly royalty payments from Zijin's Cukaru Peki Mine production.
EMX Royalty (NYSE American: EMX) annuncia che il suo partner Zijin Mining ha riportato una scoperta significativa presso il progetto Timok in Serbia. Il Nuovo Deposito di Rame-Oro Malka Golaja, situato a 7 km a sud-est della miniera Cukaru Peki, contiene circa 2,81 milioni di tonnellate di risorse di rame con un grado medio dell'1,87%, e 92 tonnellate di risorse d'oro con un grado medio di 0,61 g/t.
Il deposito, che rimane aperto ai margini, rappresenta circa 150 milioni di tonnellate di materiale mineralizzato. EMX detiene un diritto di royalty NSR dello 0,3625% sull'area del permesso di esplorazione Brestovac, incluse le licenze minerarie di Cukaru Peki. L'azienda mantiene anche un diritto di royalty NSR del 2% sui metalli preziosi e un diritto di royalty NSR dell'1% sui metalli di base sulla Licenza Brestovac Ovest. Tutte le royalty sono senza limiti e non riducibili, con EMX che attualmente riceve pagamenti trimestrali delle royalty dalla produzione della miniera Cukaru Peki di Zijin.
EMX Royalty (NYSE American: EMX) anuncia que su socio Zijin Mining ha reportado un descubrimiento significativo en el proyecto Timok en Serbia. El Nuevo Depósito de Cobre-Oro Malka Golaja, ubicado a 7 km al sureste de la mina Cukaru Peki, contiene aproximadamente 2,81 millones de toneladas de recursos de cobre con un grado promedio del 1,87%, y 92 toneladas de recursos de oro con un grado promedio de 0,61 g/t.
El depósito, que permanece abierto en la periferia, representa alrededor de 150 millones de toneladas de material mineralizado. EMX posee un derecho de regalía NSR del 0,3625% sobre el área del permiso de exploración Brestovac, incluidas las licencias mineras de Cukaru Peki. La empresa también mantiene un derecho de regalía NSR del 2% sobre metales preciosos y un derecho de regalía NSR del 1% sobre metales básicos en la Licencia Brestovac Oeste. Todas las regalías son ilimitadas y no reducibles, con EMX recibiendo actualmente pagos trimestrales de regalías de la producción de la mina Cukaru Peki de Zijin.
EMX 로열티 (NYSE American: EMX)는 파트너인 Zijin Mining이 세르비아의 Timok 프로젝트에서 중요한 발견을 보고했다고 발표했습니다. 새로 발견된 말카 골라자 구리-금 매장지는 Cukaru Peki 광산에서 남동쪽으로 7km 떨어진 곳에 위치하며, 약 281만 톤의 구리 자원을 평균 1.87%의 등급으로 포함하고 있으며, 92톤의 금 자원을 평균 0.61 g/t의 등급으로 포함하고 있습니다.
이 매장지는 주변에서 열려 있으며, 약 1억 5천만 톤의 광물화된 물질을 나타냅니다. EMX는 Cukaru Peki 광산 라이센스를 포함한 Brestovac 탐사 허가 구역에 대해 0.3625% NSR 로열티를 보유하고 있습니다. 또한, 회사는 Brestovac West 라이센스에서 귀금속에 대한 2% NSR 로열티와 비철금속에 대한 1% NSR 로열티를 유지하고 있습니다. 모든 로열티는 한도가 없고 감소할 수 없으며, EMX는 현재 Zijin의 Cukaru Peki 광산 생산으로부터 분기별 로열티 지급을 받고 있습니다.
EMX Royalty (NYSE American: EMX) annonce que son partenaire Zijin Mining a signalé une découverte significative dans le projet Timok en Serbie. Le Nouveau Gisement de Cuivre-Or Malka Golaja, situé à 7 km au sud-est de la mine Cukaru Peki, contient environ 2,81 millions de tonnes de ressources en cuivre avec une teneur moyenne de 1,87%, et 92 tonnes de ressources en or avec une teneur moyenne de 0,61 g/t.
Le gisement, qui reste ouvert sur les bords, représente environ 150 millions de tonnes de matériau minéralisé. EMX détient un droit de redevance NSR de 0,3625% sur la zone de permis d'exploration de Brestovac, y compris les licences minières de Cukaru Peki. L'entreprise maintient également un droit de redevance NSR de 2% sur les métaux précieux et un droit de redevance NSR de 1% sur les métaux de base sur la licence Brestovac Ouest. Toutes les redevances sont illimitées et non réductibles, EMX recevant actuellement des paiements trimestriels de redevances provenant de la production de la mine Cukaru Peki de Zijin.
EMX Royalty (NYSE American: EMX) kündigt an, dass sein Partner Zijin Mining einen bedeutenden Fund im Timok-Projekt in Serbien gemeldet hat. Das neu entdeckte Malka Golaja Kupfer-Gold-Vorkommen, das 7 km südöstlich der Cukaru Peki Mine liegt, enthält etwa 2,81 Millionen Tonnen Kupferressourcen mit einem durchschnittlichen Gehalt von 1,87% und 92 Tonnen Goldressourcen mit einem durchschnittlichen Gehalt von 0,61 g/t.
Das Vorkommen, das an den Rändern offen bleibt, repräsentiert etwa 150 Millionen Tonnen mineralisiertes Material. EMX hält ein 0,3625% NSR Royalty über das Explorationsgenehmigungsgebiet Brestovac, einschließlich der Bergbaulizenzen von Cukaru Peki. Das Unternehmen behält auch eine 2% NSR Royalty auf Edelmetalle und eine 1% NSR Royalty auf Basismetalle für die Lizenz Brestovac West. Alle Royalties sind unbegrenzt und nicht reduzierbar, wobei EMX derzeit vierteljährliche Royalty-Zahlungen aus der Produktion der Cukaru Peki Mine von Zijin erhält.
- Discovery of significant new copper-gold deposit with 2.81M tonnes Cu and 92 tonnes Au
- Deposit remains open at periphery, indicating exploration upside potential
- Multiple uncapped royalty streams from the project
- Currently receiving quarterly royalty payments from existing production
- Resource classification likely at inferred level, lowest confidence category
- Preliminary exploration status requires further verification and development
Insights
Zijin Mining's discovery of the Malka Golaja Copper-Gold Deposit represents a meaningful positive development for EMX Royalty. The newly identified resource - containing
What makes this particularly valuable is that EMX holds an
This discovery adds significant potential future value to EMX's portfolio without requiring any additional capital investment - the fundamental advantage of the royalty business model. While development timelines for new deposits are typically measured in years, EMX's established relationship with Zijin (as evidenced by ongoing quarterly royalty payments from Cukaru Peki) provides a proven operational framework.
The resource size is substantial, equating to approximately 150 million tonnes of mineralized material. Though likely classified as inferred resources at this stage (lowest confidence level), the grades are economically attractive, particularly for copper at
Vancouver, British Columbia--(Newsfile Corp. - March 27, 2025) - EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (the "Company" or "EMX") is pleased to announce that its royalty partner at Timok in Serbia, Zijin Mining Group Co., Ltd. ("Zijin"), released their "Annual Results Announcement for the Year Ended 31 December 2024" on March 23, 2025. This report showed a significant increase in copper and gold resources and reserves at Cukaru Peki in comparison to results published for 2023. The 2024 report also described a new exploration discovery at Timok called the Malka Golaja Copper-Gold Deposit (also referred to as "MG Area" in previous disclosures), which is located approximately seven kilometers to the southeast of the Cukaru Peki Mine. Zijin included this statement in their 2024 Annual Results Announcement:
"The preliminary exploration at the high-grade Malka Golaja Copper-Gold Deposit at the deep part of the metallogenic belt of Timok, Serbia was completed. According to the report under the JORC Code prepared by a team of competent persons, the cumulative identified copper resources amounted to 2.81 million tonnes with an average grade of
The resource numbers reported by Zijin for copper and gold are for tonnes of contained metal, which equate to approximately 150 million tonnes of mineralized material averaging
Based upon EMX's reviews of satellite imagery and the locations of drill sites as observed in the field, the Malka Golaja deposit appears to be covered by EMX's Brestovac royalty interest. EMX senior management also recently completed a site visit to the Cukaru Peki mine and met with Zijin representatives for an update on Zijin's mining activities at Timok. EMX congratulates Zijin on its outstanding work at Timok, including the rapid advancement of the Cukaru Peki operations and the novel discovery at Malka Golaja. The Malka Golaja discovery represents a significant development for both Zijin and EMX as a royalty holder.
EMX currently holds a
Dr. Eric P. Jensen, CPG, a Qualified Person as defined by National Instrument 43-101 and employee of the Company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.
About EMX. EMX is a precious and base metals royalty company. EMX's investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company's common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol "EMX". Please see www.EMXroyalty.com for more information.
For further information contact:
David M. Cole
President and CEO
Phone: (303) 973-8585
Dave@EMXroyalty.com
Stefan Wenger
Chief Financial Officer
Phone: (303) 973-8585
SWenger@EMXroyalty.com
Isabel Belger
Investor Relations
Phone: +49 178 4909039
IBelger@EMXroyalty.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
Forward-Looking Statements
This news release may contain "forward looking statements" that reflect the Company's current expectations and projections about its future results. These forward-looking statements may include statements regarding perceived merit of properties, exploration results and budgets, mineral reserves and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as "estimate," "intend," "expect," "anticipate," "will", "believe", "potential" and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company's future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company's MD&A for the quarter ended December 31, 2024 (the "MD&A"), and the most recently filed Annual Information Form ("AIF") for the year ended December 31, 2024, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR at www.sedarplus.ca and on the SEC's EDGAR website at www.sec.gov.
[1] From page 32 of Zijin report: "Annual Results Announcement for the Year Ended 31 December 2024", published on Zijin's corporate website on March 23, 2025. Although Zijin meets the definition of a producing issuer under NI43-101 and has reported these results as being compliant with JORC protocols, an acceptable foreign code, EMX has not independently verified this information. However, EMX believes this information to be reliable and relevant.
[2] EMX is treating the disclosed Malka Golaja resource estimate by Zijin as inferred resources only. As a requirement stated in Section 2.2 in NI43-101, inferred resources cannot be added to or reported with other resource categories.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246360
FAQ
What are the resource estimates for EMX's Malka Golaja Copper-Gold discovery in Serbia?
What royalty does EMX hold on the Timok project where Malka Golaja was discovered?
How far is the new Malka Golaja deposit from EMX's Cukaru Peki Mine?
Are EMX's royalties at Timok capped or can they be reduced?
What is the current status of EMX's royalty payments from the Timok project?
