03:34 PM EDT, 06/13/2025 (MT Newswires) -- Terra Balcanica Resources (TERA.CN) on Friday highlighted the "unique geological and jurisdictional potential" of its own Bosnia and Herzegovina assets after the much bigger Dundee Precious Metals ( DPMLF ) moved to acquire a neighboring producer in the region.

Earlier Friday DPM said it had agreed to buy the UK's Adriatic Metals plc for an implied equity value of approximately $1.3 billion. Upon completion of the transaction, DPM will acquire 100% of the Vares operation in Bosnia and Herzegovina, a producing silver-lead-zinc-gold underground mine.

In Bosnia and Herzegovina, Terra is advancing its Viogor-Zanik polymetallic project expected to see the Phase III drilling campaign start in the next two weeks.

Dr. Aleksandar Miskovic, the President and CEO of Terra, in a statement said: "From the beginning, Terra's operational focus was aimed at the highly prolific Western Tethyan Metallogenic Belt as it extends over the western Balkans."

He added: "Today's major announcement of a mine located only 80 km west of our flagship polymetallic targets at Chumavichi and Brezani is a testament to both amazing rate of advancement of Adriatic's Vares mine but also the mineral resource riches of the jurisdiction in which we proudly operate. Although comparatively early in our corporate development, Terra's next steps aim to drill-confirm the size potential of the Brezani Sb-Ag fault-hosted mineralization that could indicate the same order of magnitude of ore resources as seen at Vares."

Terra was unchanged at $0.10 a share; DPM was up more than 4%.