Large-Scale Gold-Copper Discovery Growing into Top Mineral District
| Location | Serbia |
| Ownership | 100% |
| Stage | Exploration |
The Rakita Camp, Serbia
Overview
The Rakita Camp represents a significant district-scale copper-gold system located in southeastern Serbia, situated within one to two kilometres of the planned Čoka Rakita mine. In December 2025, DPM announced a maiden Inferred Mineral Resource Estimate (MRE) for the camp, establishing it as a potential future Tier One gold asset for the Company.
The Rakita Camp is comprised of three primary prospects: Dumitru Potok, Rakita North, and Frasen. These discoveries demonstrate a large gold-copper system analogous to major global porphyry-skarn systems, with a combined Inferred Mineral resource of 2.6 million ounces of gold and 1.9 billion pounds of copper. The Rakita Camp offers a rare combination of scale, high grade, and long-term production potential.
Highlights
- Significant Resource Base: Combined Inferred MRE of 84.4 million tonnes at a grade of 0.97 g/t gold and 1.02% copper.
- High-Grade Core: The Dumitru Potok prospect serves as the Rakita Camp’s main deposit, containing an estimated 2.2 million ounces of gold and 1.5 billion pounds of copper Inferred Resources.
- Mineralization Open in All Directions: 2026 drilling has extended Dumitru Potok mineralization approximately 90 metres west and 100 metres southwest of the Mineral Resource, with encouraging results returned 300 metres to the north at shallow levels.
- Favourable Metallurgy: Initial testwork indicates high recoveries are achievable through conventional flotation, producing a saleable copper and gold concentrate.
- Infrastructure Synergy: Located adjacent to the Čoka Rakita project, allowing for a camp-wide development strategy that leverages established technical designs and 20+ years of in-country experience.
- Path to an Economic Assessment: An updated Dumitru Potok Mineral Resource estimate is expected by the end of the first quarter of 2027, forming the bais of a Preliminary Economic Assesment targeted for the completion by the end of 2027.
Mineral Resource Estimate (effective October 23, 2025)
| Deposit | Tonnes (Mt) | Gold Grade (g/t) | Contained Gold (K oz.) |
Copper Grade (%) |
Contained Copper (Mlbs.) |
|---|---|---|---|---|---|
| Dumitru Potok | 64.1 | 1.07 | 2,206 | 1.09 | 1,535 |
| Rakita North | 17.9 | 0.56 | 320 | 0.84 | 331 |
| Frasen | 2.4 | 1.21 | 95 | 0.70 | 37 |
| Total | 84.4 | 0.97 | 2,621 | 1.02 | 1,903 |
Prospect Geology & Exploration
The Rakita Camp is characterized by a diverse range of mineralization styles, including proximal copper-gold skarns, stratabound manto-like bodies, and porphyry stockwork veins.
- Dumitru Potok: A large, zoned system with wide, consistent high grades. Results reported in September 2026 include 50 metres grading 3.68% CuEq in DPBD042, including 21 metres at 5.44% CuEq; 246 metres grading 1.36% CuEq in BIDD253; and 84 metres grading 2.06% CuEq together with 51 metres grading 2.17% CuEq in DPDD041, the first infill drillhole completed on the prospect.
- Rakita North: A broad zone of marble-hosted mineralization located on the northern flank of Čoka Rakita.
- Frasen: Characterized by carbonate-hosted replacement and a gold-copper porphyry target that remains a priority for upcoming delineation.
Next Steps
DPM is prioritizing additional exploration at the Rakita Camp to further define and expand the resource. The camp-wide exploration campaign launched in the second quarter of 2026 is progressing according to plan, with 10 rigs operating across the Čoka Rakita exploration licence and more than 16,000 metres drilled of the 20,000 metres originally planned for the year.
- Expanded 2026 Drilling: In light of encouraging results, DPM is adding 12,000 to 15,000 metres to the 2026 program, increasing planned drilling for the year to approximately 32,000 to 35,000 metres.
- More Rigs on the License: Following completion of the initial three-year term of the Potaj Čuka and Pešter Jug licences in the third quarter of 2026, drilling there is expected to pause during the normal-course licence-extension process. Equipment will be relocated to the Čoka Rakita licence, increasing rigs in operation there to 15 by the end of 2026.
- Step-Out and Infill Drilling: Eight rigs are dedicated to follow-up drilling at Dumitru Potok, two of them on 50 metre by 50 metre infill in the high-grade western contact-skarn zone to improve geological confidence and potentially upgrade the Mineral Resource category. Two further rigs are defining the lateral extent of marble-hosted skarn between the Dumitru Potok and Frasen intrusions.
- Scout Drilling: The expanded program includes scout drilling east and south of the Čoka Rakita deposit, alongside further drilling at Rakita North, Dumitru Potok and the Frasen porphyry target.
- Technical Studies: Additional metallurgical testwork is being planned to further evaluate mineralization variability and augment previous testwork programs.
- Resource Update and PEA: An updated Mineral Resource estimate for Dumitru Potok is planned by the end of the first quarter of 2027, which will form the basis of a Preliminary Economic Assessment targeted for completion by the end of 2027.
