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Yugo Metals Limited (ASX:YUG)

ALERT: Price-sensitive ASX Announcement for YUG
Current share price for YUG : $0.049 -0.002 (-3.92%)+
Announcement
Release
18 Aug 2026 8:18AM
Price at Release
$0.051
Full Release
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Summary
Yugo Metals Limited reported significant progress at its Erak Prospect, part of its Sinjakovo and Cajnice projects in Bosnia-Herzegovina. The company has completed nine diamond drill holes, revealing promising gold mineralisation, with the best results including 36.1m at 2.3 g/t gold and 10.4m at 2.6 g/t gold. Drilling continues with plans to expand exploration to the eastern part of Erak Prospect. Yugo Metals aims to advance metallurgical test works alongside exploration, reinforcing the potential of Erak to host a Tier-1 gold asset. The announcement underscores the company's commitment to sustainable shareholder value through strategic exploration in the Tethyan metallogenic belt.
Key Points
  • Drilling at Erak Prospect shows promising gold results.
  • Nine diamond drill holes completed, totaling 1,057 meters.
  • Best results: 36.1m at 2.3 g/t Au and 10.4m at 2.6 g/t Au.
  • Drilling to continue, focusing on eastern part of Erak Prospect.
  • Metallurgical test works to inform future technical studies.
  • Commitment to sustainable value in the Tethyan metallogenic belt.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.