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The Company holds nine exploration licenses through its subsidiaries in Portugal, Kosovo, and partner in Germany.
- In the Iberian Pyrite Belt of Portugal, the Alvalade license makes up the Alvalade Joint Venture with Colt Resources.
- A second license in Portugal is committed to the Covas Joint Venture with Blackheath Resources.
- Avrupa conducts self-funded generative exploration work in Portugal. Previously, the Company utilized funds provided by Callinan Royalties Corp. for prospect generation work. Additionally, Callinan funded more advanced early-stage exploration on the Alvito license in south Portugal, in return for a 1.5% NSR royalty covering the license. Callinan was acquired by Altius Minerals in early 2015, and Altius now holds the Alvito royalty.
- Avrupa operates an exploration joint venture covering the Slivovo property in central Kosovo. The program is funded by Australian contract miner, Byrnecut International Limited.
Avrupa continues to actively explore in all three countries, and may, at any time, make further applications to cover attractive possibilities in those countries or elsewhere in Europe. The map below shows the countries where Avrupa presently holds licenses and exploration permits.