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Saudi Arabian Mining Company (Maaden) Announces that the Discovery of Gold and Copper Grades in the Exploration Areas of the Shayban and Wadi Al Jaww
| Element List | Explanation |
|---|---|
| Announcement Detail | Saudi Arabian Mining Company (Maaden) revealed multiple intercepts of recoverable gold and copper grades in the exploration areas of the Shayban. The assay results to date indicate wide intersections of gold mineralization at Wadi Al Jaww and gold and copper mineralization at Jabal Shayban. Mineralization at both sites occurs at shallow depths ranging from 20 to 200 meters, with the mineralization extending deeper and in all directions. The exploration project remains at an early stage, and Ma’aden’s understanding of the mineralized zone is still developing. Ma’aden does not yet have enough information to estimate the size and quality of the mineralization or to estimate the Mineral Resource. Work to assess and interpret the data acquired so far is ongoing and will inform drilling activities through 2025. Accordingly, the company would like to clarify that the financial impact of this discovery has not yet been determined, and the company confirms its commitment to its shareholders to announce any core events or developments when they become available. |
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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