10.4 Mt
Total Historic Tonnage
9.49%
Average Mn Grade
14.99 km²
Licence Area
>30%
Waste Dump MnO Grade
⚠ Important Regulatory Disclaimer: The historical resource estimates for Michalova were published by the Slovak State Geological Institute (ŠGÚDŠ) under the GKZ classification system (1993). These estimates are NOT NI 43-101 compliant mineral resources. A qualified person has not done sufficient work to classify these historical estimates as current mineral resources or mineral reserves, and Union Power Metals is not treating the historical estimates as current mineral resources or mineral reserves. A NI 43-101 Technical Report for the Slovakia manganese assets is planned for Q4 2026 / Q1 2027. Qualified Person (as defined by NI 43-101): To be announced.
Project Overview

Shallow Geometry, Strong Infrastructure

The Michalova manganese deposit is located near the town of Brezno in central Slovakia. The deposit features a shallow oxide ore seam included in the historic estimate, plus a deeper carbonate ore layer 5–30 m thick that was largely excluded from historical calculations — representing significant expansion potential.

Waste dump sampling has returned grades exceeding 30% MnO, indicating that even discarded material from historic mining operations contains substantial manganese content. The deposit's gently dipping flatbed geometry within the Breznianska Basin makes it amenable to conventional, cost-effective mining methods.

The historic resource totals 10,406,260 tonnes at an average grade of 9.49% Mn, classified under the GKZ system across three resource blocks (M-1, M-2, and M-3).

Location
Near Brezno, Banská Bystrica Region, central Slovakia
Ore Types
Shallow oxide ore seam (in estimate) + deeper carbonate ore layer 5–30 m thick (largely excluded)
Geological Setting
Breznianska Basin — gently dipping flatbed, Paleogene sediments to ~500 m depth
Key Advantage
Shallow depth, full infrastructure (rail, road, power), favorable municipality, waste dump >30% MnO
Historic Resource Breakdown

Resource Blocks

Three resource blocks classified under the GKZ system (1993).

Block Tonnes Grade (%Mn)
Block M-1 813,082 9.49% avg
Block M-2 9,586,655 9.49% avg
Block M-3 6,523 9.49% avg
TOTAL 10,406,260 9.49% Mn

*GKZ classification (1993). NOT NI 43-101 compliant. Deeper carbonate layer (5–30 m thick) largely excluded — significant expansion potential.

Development-Ready

Existing Infrastructure

The Michalova licence area benefits from full existing infrastructure, significantly reducing future development capital requirements.

Railway

Single railway line passes directly through the licence area

Asphalt Road

Double-lane asphalt road passes through the licence area

22 kV Power

22 kV power lines within the licence area

Municipal Support

Local municipality favorable to exploration activities

Geology & Expansion

Geological Setting & Growth Potential

Ore Types & Geometry

Shallow Oxide Ore
Included in the historic 10.4 Mt estimate. Oxide seam at shallow depth, accessible by conventional mining methods within the Breznianska Basin.
Deep Carbonate Layer
A 5–30 m thick carbonate ore seam sits beneath the oxide. Largely excluded from the historic estimate — this represents the primary expansion opportunity.
Basin Structure
Gently dipping flatbed — Breznianska Basin, Paleogene sediments extending to ~500 m depth. Favorable geometry for systematic extraction.

Expansion Potential

Block M-2 Upside
Block M-2, which accounts for 92% of the total resource (9.59 Mt), has only limited historical drill testing. Significant room for resource upgrade with modern drilling.
Deep Carbonate Excluded
The entire deep carbonate seam (5–30 m thick) was excluded from the 1993 GKZ estimate. Including this layer could materially increase the resource base.
Regional Prospectivity
NW and SE areas within the licence are prospective per Hutianske Formation outcrops. Additional exploration targets identified but untested.
Maps & Figures

Michalova Licence & Infrastructure

Historic drill hole distribution, regional infrastructure context, and 3D geological interpretation of the Michalova deposit.

Michalova deposit drill hole location map showing the distribution of historic drill holes across the M-1, M-2, and M-3 sub-blocks within the 14.99 km² licence area near Brezno, Slovakia
Michalova drill hole location map — historic drill hole distribution across M-1 (closely spaced), M-2 (limited testing), and M-3 sub-blocks. Not NI 43-101 compliant.
Michalova regional infrastructure overview map showing proximity to single railway line, double-lane asphalt road, and 22kV power lines in the Brezno area of central Slovakia
Regional infrastructure map — single railway line, double-lane asphalt road, and 22 kV power lines all proximal to the Michalova licence.
Michalova 3D geological model showing the shallow manganese oxide ore seam and the deeper manganese carbonate seam geometry within the deposit area
Michalova 3D geological model — illustrating the shallow oxide ore seam and deeper carbonate seam geometry.
Upcoming Exploration

Planned Drilling Program

A confirmatory drilling program is planned for Q2 2026 at Michalova to twin historical drill holes and collect metallurgical samples.

Q2 2026

Target Start

Confirmatory drilling program designed to twin historical holes and validate GKZ-era data with modern core samples.

Diamond Core

Drilling Method

Diamond core drilling to provide high-quality subsurface samples for geological and metallurgical analysis.

Lab Testing

Metallurgical Samples

Samples to be collected for laboratory testing to evaluate processing characteristics and support future NI 43-101 reporting.

Explore Further

Learn about the EU policy driving domestic manganese demand, or explore how to participate in Union Power Metals's growth story.