Exploration

Nevsun’s exploration properties provide significant untapped potential for the company to continue to deliver organic growth through the drill bit.

Bisha District Exploration, Eritrea

Bisha has untapped district-scale potential. Bisha district deposits include: Harena, Bisha Main, Northwest Zone, Hambok and Asheli. An aggressive exploration program is being undertaken throughout 2016 at Asheli, Harena and Bisha Main.

Serbia Exploration

Nevsun has significant exploration potential in Serbia: (1) Rakita, which includes the Timok copper-gold project, has four exploration permits in a joint venture agreement with Freeport McMoRan, (2) Tilva, which includes four permits that are subject to a joint venture agreement with Rio Tinto, and (3) Eight permits that are 100% owned by Nevsun.

Macedonia Exploration

Nevsun has significant exploration area licenses in Macedonia: two mineral exploration concessions and two prospecting concessions, all of which are early-stage.