L'ubietova Exploration Licence Area (Under Application)

Application has been made, but not yet granted, for the L’ubietová exploration licence area. Located approximately 50 kilometres northeast of the Hodrusa-Hamre licence area, the 14.2km² L’ubietová exploration licence application covers the Podlipa silver-copper-cobalt deposit which has reported historical production of 55 million ounces of silver and 25,000 tons of copper from an oxide zone at shallow depths over its approximate 500 year mining history. A recent academic study has indicated the possibility of mineralisation in the deeper sulphides, making L’ubietová an attractive exploration target at minimal cost to the Company.