KENMARE Resources has signed a second joint venture agreement for gold exploration in former Yugoslavia.Kenmare will be the operator and control the board of the joint company.

Kenmare said it has monitored this opportunity for some years and the lifting of sanctions, following the Dayton accords, allowed it to enter former Yugoslavia and "acquire very prospective acreage". Geoinstitut is to contribute title to the Deli Jovan and Ruplje projects.