The Company’s strategy is to utilise Ortac’s highly experienced board and management team, together with its solid foothold in the Central European region, to consolidate additional exploration and development opportunities in the precious metal sector.
Having already acquired the necessary capital, the Company plans to complete a scoping study and preliminary environmental and social impact assessments, and bring into production its initial asset, the Kremnica Gold Project in Slovakia. In conjunction with this development work, the Company plans to commence an exploratory drilling campaign on the wider Kremnica Mining Licence area focusing on existing and additional gold targets, with the objective of delineating a 2 million gold equivalent resource.
The Company has identified several regional consolidation opportunities at various stages of development which are currently being evaluated to significantly increase Ortac’s resource inventory and maximise shareholder value. Third party companies with advanced staged projects in the region which can be fast-tracked to achieve near term production are also being actively sought and evaluated.