Interim Financial Statements now available on SEDAR. From the Financial Statements. During the year ended June 30, 2017, the Company renewed its exploration licenses for a further three years under the newly enacted mining laws in Serbia. Under the new laws, the Company can apply for future extensions totalling four more years. The Company ensures that there is sufficient capital in order to meet short term business requirements, after taking into account the Companys holdings of cash and expected future financings. The Company believes that these sources will be sufficient to cover the expected short and long term cash requirements.