Four permitted licences · Republic of Türkiye

Copper, silver,lead, zinc.

Four Group IV exploration licences on four separate Turkish metallogenic belts. General Exploration complete on all four, activity reports filed and accepted by MAPEG, fees paid, tenure to March 2030.

Request the data roomSee the four licences
Licences
Four, all Group IV
Belts
Four, 600–1,100 km apart
Stage
Detailed Exploration requested
Tenure
To March 2030, fees paid

The ground

Four licences, four belts

ULTİMA holds four Group IV metallic-ore exploration licences, granted by the Directorate General of Mining and Petroleum Affairs (MAPEG) in March 2023 and running to March 2030. They sit on four separate metallogenic belts between 600 and 1,100 km apart, diversification that a single-project vendor cannot offer.

* Tonnages on this site are “muhtemel rezerv” (probable reserve) as calculated under Turkish Mining Law 3213 and filed with MAPEG. They are not Mineral Resources or Ore Reserves under JORC or NI 43-101, no Competent or Qualified Person has signed them, and they should not be read as either.

Copper staining on a rock outcrop at dawn

Why this ground

Copper you can see from the surface

At İspir the filed report logs malachite at the contact between the volcano-sedimentary and sedimentary units, with high copper in the fault zones between the sediments and the ultramafics — a zone the consultant describes as traceable at map scale.

The paperwork

What has been filed

Every licence has completed its General Exploration Period. For each one, a Genel Arama Dönemi Faaliyet Raporu — the statutory activity report under Article 17 of Mining Law 3213 — has been prepared by a licensed technical consultant and submitted to MAPEG, together with a probable-reserve calculation and a costed programme for the Detailed Exploration Period. The 2026 licence and rehabilitation fees have been paid in full on all four, so tenure runs to March 2030 with nothing outstanding.

Licence group
IV. Grup — metallic ore
Stage
General Exploration complete; Detailed Exploration requested
Work completed
Literature review, geological mapping, stream-sediment and rock sampling, hand-core drilling
Assays
ArgeTest Laboratory, Ankara — codes FA02 / GAR01-ext
Technical consultant
Uluocaklar Madencilik, YTK no. 201600058
Next phase, per licence
5,000 m of drilling plus assay
2026 fees
Licence and rehabilitation fees paid in full on all four
Drill core trays at an exploration camp

What has been done

Mapped, sampled, assayed

Literature review, geological mapping, stream-sediment and rock sampling, and hand-core drilling on every licence. Analyses were run at ArgeTest Laboratory in Ankara under codes FA02 and GAR01-ext. What comes next is 5,000 m of drilling per licence, already costed in the filed reports.

The deal

The offer

Ultima is open to any structure that funds the Detailed Exploration Period. Drilling contractors are welcome to put up rigs and crew as consideration rather than cash — the equipment is the scarce input here, not the ground.

  • Joint venture

    Shared operatorship on one licence or all four, with the partner funding the drill programme.

  • Farm-in / earn-in

    Stage your equity against metres drilled and results delivered.

  • Equity investment

    Direct subscription into the licence-holding entity.

  • Outright sale

    Clean transfer of one licence or the whole package, subject to MAPEG approval.

Request the data room

Talk to us

Contact

Write to the management desk in English or Turkish. One address, answered by the people who hold the licences.

Holder
ULTİMA Uluslararası Taşımacılık Lojistik ve Dış Ticaret Limited Şirketi
E-mail
management@ultimamining.com
Registered office
Yeşilbağlar Mah. D-100 Bulvarı, Pera Residence No: 20, A Blok, Ofis 29, Pendik, İstanbul
Registered e-mail
ultima.lojistik@hs03.kep.tr
Trading since
18.09.2001