Overview
The Gediktepe VMS deposit was discovered by a Joint Venture initiative between Alacer Gold Corp. and Lidya Madencilik (Lidya), a private Turkish company, in 2012-2013 and was quickly advanced to PEA (2014) and prefeasibility stages (2016). The deposit is comprised of a polymetallic VMS system with precious metal, copper, and zinc rich domains. The upper portion of the de. +posit is oxidized, forming a precious metal-enriched gossanous cap that will be mined first, followed by production from the underlying polymetallic sulfide deposit. Production at Gediktepe commenced in 2021. In September 2024, ACG Metals Ltd acquired the mine from Lidya.
Elemental has NSR royalties on the Gediktepe mine in western Türkiye. The 2.25% royalty covers for all metals produced from the oxide zone and sulfide zone. This new royalty percentage is a modification of the original 2019 agreement which was agreed upon and replaced in December 2025.
NI 43-101 pre-feasibility study technical report titled “Gediktepe 2019 Prefeasibility Study” prepared by OreWin Pty Ltd. and filed on SEDAR by Alacer, effective March 26, 2019.