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Almasane Alkobra Mining Company (AMAK) is pleased to announce that it has won Three Exploration Licenses in the (7th Round) of the Ministry of Industry and Mineral Resources Bidding Round. Jabal AD Dimah, Jabal Al Klah North and Jabal Al Klah Soth are base metals and precious metals Exploration Licenses.
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| 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 three exploration licenses for base metals and precious metals, as follows : 1) The Mining Bid for the exploration license of Jabal AD Dimah Ore Type: Copper, Gold, and Zinc. License Location: Makkah Al Mukarramah Region. License Area: 210.90 km2. 2) The Mining Bid for the exploration license of Jabal Al Klah North Ore Type: Silver, Lead, and Zinc. License Location: Riyadh Region. License Area: 98.15 km2. 3) The Mining Bid for the exploration license of Jabal Al Klah South Ore Type: Silver, Lead, and Zinc. License Location: Riyadh Region. License Area: 9.21 km2. It is worth noting that the location of Jabal Al Klah North and Jabal Al Klah South exploration licenses are near (Radeniah East) exploration license owned by the company in Riyadh Region, which has a total area of (82.84) 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. |
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 58.0
Net Change -1.3 (-2.19%)
Value Traded (Sar) 13,144,632.3
Volume Traded 225,149
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