Velocity has multiple exploration projects in southeastern Bulgaria. The stage of development of the projects varies from early-stage discovery through to advanced engineering. Velocity also has an extensive project generation program to identify new projects of interest. The aim of each project is to ultimately produce concentrate feed for the central gold processing plant
Velocity has a 70% interest in the Tintyava property, which includes the Rozino gold project, and a 70% interest in the Momchil property, which includes the Obichnik gold project, with Gorubso holding 30%. The Company has entered into an option agreement with Gorubso to earn a 70% interest in the Makedontsi gold project. Velocity has a 100% interest in the Iglika gold-copper property.