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Almasane Alkobra Mining Company (AMAK) announces the issuance of an exploration license for Copper and Zinc from the Ministry of Industry and Mineral Resources

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1445/10/22     01/05/2024 08:02:04

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Announcement Detail Almasane Alkobra Mining Company (AMAK) announces the issuance of an exploration license for Copper and Zinc from the Ministry of Industry and Mineral Resources.

License location :Najran Province.

License No:1445222

License Issuance date: 21-10-1445 AH Corresponding to 30-04-2024 AD.

License Expiry date: 15-12-1450 AH Corresponding to 29-04-2029 AD.

Total Area: 63.9 km2.

This license was issued in accordance with the Mining Investment Law issued by Royal Decree No. M/140 dated 19/10/1441 AH and its executive regulations.

The company will carry out the necessary exploration studies during the statutory period to ensure the availability of the required raw materials. The license is located beside the Guyan Extension Exploration license and near the current ( Jabal Guyan) mining license which produces Gold, with a total area of (10.02) km2.

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.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Last Price 62.9
Net Change 0.0 (0.0%)
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