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Business Description
Balamara Resources Limited is engaged in the exploration of base metals. As of June 30, 2012, it had two projects: Monty Project/Montenegro and Bogdan Project/Poland. During the fiscal year ended June 30, 2012(fiscal 2012), it changed its primary focus from the NSW, Australia Projects consisting of Elsienora and Peelwood, to its Central European projects in Montenegro and Poland. The Monty Project is in the eastern part of Montenegro and approximately 100 kilometers from the capital city of Podgorica. The Monty Project consists of deposits: Brskovo, Visnjica, Zuta Prla, Igriste, and Razvrsje. In May 2012, drilling commenced for a 11 hole program totaling an estimated 1005 meters in Visnjica deposit. The Bogdan Project is located in the Upper Silesia region of South-Western Poland. Effective July 31, 2013, Ample Skill Ltd raised its interest to 35.134% from 22.576%, by acquiring a further 12.558%, interest in Balamara Resources Ltd.