Ann: Jadar to Spin Out Serbian Lithium Projects, page-4

Good announcement.
Big names involved.

Jadar and Balkan have entered into a subscription and collaboration agreement with Sandfire
Resources Limited (“Sandfire&rdquo (ASX:SFR) whereby Sandfire has agreed to a AUD$2M cornerstone
investment into the planned IPO and to allow Balkan to benefit from Sandfire’s technical and
strategic resources.


Balkan propose to appoint a strong board led by Chairman elect Sean Murray. Mr Murray’s
executive management career includes a number of senior roles in mining and exploration
companies across the globe including Managing Director, Deputy Chief Executive and board
positions within Rio Tinto plc’s affiliate companies.


Proposed appointment of on ground executive team assisted by Milos Bosnjakovic, Co-Founder and
former board member of Adriatic Metals plc (“Adriatic&rdquo (ASX:ADT)


This announcement won't go unnoticed for very long....