RE: Another licence area20 Mar 2025 08:07
gmco/artar-han**** wins tender for al hajar north exploration licence in saudi arabia
licence areas increased from 1,300 km2 to >2,200 km2 for gmco-led exploration programs
the al hajar north el covers the northern wadi shwas mineral belt in southwest saudi arabia (map appended) and runs parallel to and only 50km east of the geologically comparable wadi bidah mineral belt ("wbmb") where gmco has made three volcanic massive sulphide ("vms") discoveries (hawiah, al godeyer and abu salal).
gmco-han**** jv will initially focus on exploring this vms horizon. the teams began working together during the bidding process and now will start working on-the-ground to apply their combined expertise in saudi arabian mineral discovery and large-scale mining development. many synergies exist between the operation of the al hajar north jv at the wsmb and that of the nearby wbmb, where gmco has 15 years of field experience and several discoveries, has established an accommodation centre and plans minerals processing facilities.
---
i was bit slow picking up on this as was busy yesterday but obviously massively expands the the exploration areas kefi has and as a bonus is near hawiah and shows a an interest by a very big mining operation in han**** in the jv areas. kefi were pretty quiet about the tie up maybe that was worth a rns just on its own but i guess the could not be certain of winning an area or maybe the did not want to scare off bidders for saudi side.
Sign In
Follow the stocks
