Prospech Limited
Gold Silver Exploration within the World Class Tethyan Mineral Belt
Founded in 2014, the Company is a mining exploration company with projects in Slovakia, a country member of the European Union and Eurozone.
In December 2014, the Company entered into a Term Sheet with EMED Mining Public Limited (now renamed Atalaya Mining plc) (Atalaya). Following due diligence, a positive decision was reached by the Company to proceed with the transaction and an Earn-in Agreement between the Company and Atalaya was executed to formalise the staged purchase by the Company of up to an 81% interest in Slovenské Kovy, s.r.o. (SLOK). The Company earned 81% ownership of SLOK by incurring Stage 1, Stage 2 and Stage 3 exploration expenditures in accordance with the Earn-in Agreement. In October 2017, the Company entered into a Share and Rights Sale and Purchase Agreement with Atalaya, pursuant to which Atalaya transferred its remaining 19% interest in SLOK to the Company, with these procedural requirements completed in January 2018.