News & Announcements

AMAK

26 June, 2024 15:44

Almasane Alkobra Mining Company (AMAK) is pleased to announce that it has won two Exploration Licenses from Round 5 of Ministry of Industry and Mineral Resources Bidding Round. Al-Hjira and Jabal Qaran are Strategic base metals and precious metals Exploration Licenses.

Element List	Explanation
Announcement Detail	Almasane Alkobra Mining Company (AMAK) is pleased to announce winning the Mining Bids held by the Ministry of Industry and Mineral Resources for two exploration licenses for base metals and precious metals, as following: 1) The Mining Bid for the exploration license of Al-Hijra Ore Type: Zinc, Copper, Lead, Gold, and Silver. License Location: Aseer Region. License Area: 274 km2 2) The Mining Bid for the exploration license of Jabal Qaran Ore Type: Copper, Lead, and Gold. License Location: Najran Region. License Area: 57.72 km2 It is worth noting that the location of Al-Hijra exploration license is beside (Almasane West) exploration license owned by the company and near the current mining license (AlMasane Mine) from which base metals (zinc, copper) and precious metals (gold, silver) are extracted, with a total area of (42.47) km². The location of Jabal Qarn exploration license is near the (Kutam) exploration license owned by the company, which has a total area of (20.67) km². The company will carry out the necessary exploration studies during the statutory period to ensure the availability of the required raw materials. The financial impact value and timing of this license will become clear after the completion of exploration work and studies within the legal period, and the company will announce any major developments regarding this license.

Element List

Explanation

Announcement Detail

Almasane Alkobra Mining Company (AMAK) is pleased to announce winning the Mining Bids held by the Ministry of Industry and Mineral Resources for two exploration licenses for base metals and precious metals, as following: 1) The Mining Bid for the exploration license of Al-Hijra Ore Type: Zinc, Copper, Lead, Gold, and Silver. License Location: Aseer Region. License Area: 274 km2 2) The Mining Bid for the exploration license of Jabal Qaran Ore Type: Copper, Lead, and Gold. License Location: Najran Region. License Area: 57.72 km2 It is worth noting that the location of Al-Hijra exploration license is beside (Almasane West) exploration license owned by the company and near the current mining license (AlMasane Mine) from which base metals (zinc, copper) and precious metals (gold, silver) are extracted, with a total area of (42.47) km². The location of Jabal Qarn exploration license is near the (Kutam) exploration license owned by the company, which has a total area of (20.67) km². The company will carry out the necessary exploration studies during the statutory period to ensure the availability of the required raw materials. The financial impact value and timing of this license will become clear after the completion of exploration work and studies within the legal period, and the company will announce any major developments regarding this license.

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