The Piskanja project is estimated to hold a measured mineral resource of 1.39mt with an average of 35.59% boron trioxide. Credit: Funtay/Shutterstock.

Boron One has announced the completion of an independent environmental impact assessment (EIA) for its Piskanja Boron Project, located 250km south of Belgrade, Serbia.

The EIA was commissioned in preparation for the anticipated exploitation field approval, a critical licensing phase for the company.

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Boron One submitted its application for the exploitation field approval to the Serbian Mining Ministry in July 2024.

The submission comprises a feasibility study compliant with Serbian standards, a synopsis of the EIA, the Certificate of Reserves for Piskanja and the necessary permits from various Serbian governmental ministries, all in line with Serbian mining regulations.

The approval, if granted, gives Boron One exclusive rights to develop the Piskanja mineral deposit.

Following the granting of the exploitation field approval, Boron One will proceed with the licensing and development processes by finalising and submitting the detailed mine and processing designs for approval.

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This is the final necessary step before beginning the construction of the facilities.

Boron One president Tim Daniels said: “We are delighted to have reached this important milestone.

“This study is an essential road map, guaranteeing that the development of Piskanja is carried out responsibly, with a strong commitment to environmental sustainability and minimal ecological disruption.”

The Piskanja project is estimated to hold a measured mineral resource of 1.39 million tonnes (mt) with an average of 35.59% boron trioxide (B2O3), an indicated mineral resource of 5.48mt at 34.05% B2O3, and an inferred mineral resource of 284,700 tonnes at 39.59% B2O3.

These resources have been calculated in line with the Canadian Institute of Mining Definition Standards on Mineral Resources and Reserves.

Earlier this month, Boron One announced that its subsidiary, Balkan Gold, signed a letter of intent with Resavica, a Serbian publicly owned mining company, for potential collaboration on the refurbishment of Resavica’s Pobrdje Colemanite Mine, in addition to the ongoing development of the Piskanja Boron Project.

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