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.

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 (Freeport), (2) Tilva, which includes four permits that are subject to a joint venture agreement with Rio Tinto, and (3) Seven 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.