Macedonia Exploration Program

Nevsun has significant exploration areas licensed in Macedonia. Macedonia has a long tradition of mining that continues today with active lead-zinc (Sasa,) and copper-gold (Bucim) mines as well as new development projects (Ilovica – porphyry copper-gold, Kazandol – supergene copper; Plavitza – porphyry copper-gold; and Kadiitza – supergene copper in porphyry system).

The mining and exploration industry is recognized by the Macedonian government as a significant contributor to the GDP, and is supported by all relevant ministries. Foreign direct investment is a cornerstone of the Macedonian government strategy.

The mining sector is regulated by a modern mining law that was last revised in 2014.

  • Nevsun has two Mineral Exploration Concessions and two Prospecting Concessions in Macedonia
  • All targets are early stage exploration projects
  • Konjsko Exploration Concession, assessing gold targts and 3 kilometre trend of strong Au-As-Sb-Tl geochemical anomalism
  • Dvoriste Exploration Concession, assessing porphyry copper-gold mineralization,
  • East Prospecting Concession (Area 1) in the Serbo-Macedonian Belt, and
  • Southeast Prospecting Concession (Area 2) in the ‘‘Vardar’’ Zone.
  • More on the exploration potential in Macedonia can be found here

Map of Macedonia with location of RMC Concessions, major mineral deposits and mineral belts.

Map of Macedonia with location of RMC Concessions, major mineral deposits and mineral belts.