Project Overview

A very large-scale gold system in southern Serbia with over US$30 million spent on exploration to date. The project is wholly-owned by Zlatna Reka Resources, an Ibaera Capital subsidiary.

Serbia is currently one of the most attractive mining jurisdictions globally benefiting from:

  • Low (15%) corporate tax rate;
  • Good-quality infrastructure;
  • Highly-skilled work force;
  • Low-cost power;
  • Multiple major mining projects in operation and development; and
  • A modern mining code.

The project area consists of 4 licences covering 140 km2. The main licence (covering the drill-defined deposits) was renewed in July 2020, allowing a further 8 years of exploration.

Current resource potential places Rogozna firmly within the top 100 primary gold deposits globally. Initial metallurgical test-work indicates good metal recoveries are achievable through industry standard flowsheet.

Ibaera is well-positioned to deliver another project of significant value.

Latest Drilling Highlights

Drilling highlights from the assays received to date include:


584m @ 0.5g/t Au from 180.8m, including
61.87m @ 1.3g/t Au from 350.13m


103.6m @ 1g/t Au from 255.2m, including
55.2m @ 1.3g/t Au from 255.2m


416.85m @ 0.9g/t Au and 0.1% Cu from 185.85m, including
153.9m @ 1.7g/t Au and 0.2% Cu from 448.8m, including
43.1m @ 3g/t Au and 0.1% Cu from 448.8m and
22.1m @ 3.7g/t Au and 1.1% Cu from 580.6m

Latest Project News