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Lykos Metals Limited ( (AU:YUG) ) just unveiled an update.
Yugo Metals has reported a strong March quarter, highlighted by formal government approval for its 100%-owned Petrovo tenement in the Republic of Srpska, Bosnia and Herzegovina. The 10km² licence grants full access to a polymetallic system the company regards as one of Europe’s most compelling, reinforcing its strategic foothold in high-grade battery and precious metals exploration.
At the Sinjakovo project, initial drilling at the Kovacevac prospect returned a standout intercept of 1.2 metres grading 129 grams per tonne silver, 11.7% lead and 0.9% zinc from 28.2 metres, with mineralisation remaining open along strike. Early drilling at the Erak prospect has intersected shallow ferruginous breccia and a deeper phyllic alteration zone with polymetallic indicators, prompting plans for further drilling to test the system’s continuity along strike and at depth.
More about Lykos Metals Limited
Yugo Metals Limited is an ASX-listed exploration company focused on battery, base and precious metals, including silver, lead, zinc, gold, copper and antimony. The company targets high-grade polymetallic systems in Europe, with a key focus on projects in the Republic of Srpska, Bosnia and Herzegovina, where it is advancing multiple prospects within the Sinjakovo project area.
Average Trading Volume: 658,232
Technical Sentiment Signal: Buy
Current Market Cap: A$30.31M
Learn more about YUG stock on TipRanks’ Stock Analysis page.