Ariana Resources PLC (AIM:AAU) is growing its footprint in Kosovo by applying to extend the boundaries of the Hertica Porphyry Project.
An application for new nearby exploration licences, by Ariana’s 76%-owned Western Tethyan Resources, would see an extra 30,000 square kilometres added.
Ariana also noted the recent expansion, with WTR’s acquisition of a 51% stake in the Slivova Gold Project – the licence admin for which is ongoing.
Meanwhile, WTR is evaluating new project opportunities in North Macedonia and Bulgaria.
"There have been several important recent developments for Western Tethyan and its exploration activities in south-eastern Europe,” Ariana managing director Kerim Sener said.
“WTR is planning for the next stage of technical work on the Hertica and Slivova projects and considering new licence acquisitions elsewhere in the Balkan region."
Mentor Demi, WTR managing director, meanwhile, added: “Extending our tenure at Hertica is a key step in our exploration strategy, and the Hertica Project remains a high-priority target in our portfolio.
“This licence extension ensures we can continue building on our substantial exploration progress and begin targeting drill-ready zones within a refined project footprint."
"The Slivova project is an exciting near-term opportunity for WTR.
“While we await final confirmation from the ICMM, this application safeguards our interest and enables us to remain on track for exploration and potential development.”