Almasane Alkobra Mining Co. (AMAK) announced on November 25, 2025, the discovery of potentially economically viable mineral resources containing Copper, Zinc, Gold, and Silver in Najran region. The company has identified an estimated 11 million tonnes of mineral resources after drilling over 27,000 meters since February 2025, covering less than 10% of the total license area. AMAK plans to continue exploration throughout 2026 with aims to release a JORC-compliant Mineral Resource report in the second half of 2026, while simultaneously conducting Development Concept Studies to convert the exploration license to a mining license. The site is located approximately 100 kilometers from AMAK's existing processing hub, enhancing the project's economic potential.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.