Logo ofSaudi Arabian Mining Co. (Maaden)
Saudi Arabian Mining Co. (Maaden) announcedthe addition of 7.8 million ounces (oz) of gold resources across four key sites, ranging from operational mines toearly-stage discoveries. 
In a statement to Tadawultoday, Jan. 12, the company saidthis milestone wasdriven by drilling activitiesthat initially identified more than ninemillionounces before annual technical adjustments — such as cost and price assumptions — were applied.
These updated mineral resource estimateswereconducted by external competent persons,in compliance with the JORCCode (2012) (theAustralasian Code for Reporting of Exploration Results, Mineral Resources,and Ore Reserves).
Maaden highlighted robust growth across four key locations:Mansourah-MassarahMine, whichdelivered a 3.0 million oz net increaseon an annual basis;Uruq 20/21 and Umm As Salam, both adding1.67 million oz;and Wadi Al Jaww, whichcontributedan initial maiden resource of 3.08 million oz.
Advanced drilling in the Central Arabian Gold Regionhasidentified new mineralized zones, whileexplorationneartheMahdAd Dahabmine hasexpandeditspotentialresources, currently beingevaluatedto extend the mine’s lifespan.
In addition, early-stage exploration projectsforbase metals haveshown promising indicators. Initial drilling at Jabal Shayban and Jabal Al Wakilconfirmed the presence ofcopper, nickel and platinum groupelements, suggesting the existence of large-scale mineral systems.
Thefinancial impact of this discovery has not yet been determined,Maaden stated, affirmingits commitmentto disclose any material developments as they arise.
Logo ofSaudi Arabian Mining Co. (Maaden)
Saudi Arabian Mining Co. (Maaden) announcedthe addition of 7.8 million ounces (oz) of gold resources across four key sites, ranging from operational mines toearly-stage discoveries.
In a statement to Tadawultoday, Jan. 12, the company saidthis milestone wasdriven by drilling activitiesthat initially identified more than ninemillionounces before annual technical adjustments — such as cost and price assumptions — were applied.
These updated mineral resource estimateswereconducted by external competent persons,in compliance with the JORCCode (2012) (theAustralasian Code for Reporting of Exploration Results, Mineral Resources,and Ore Reserves).
Maaden highlighted robust growth across four key locations:Mansourah-MassarahMine, whichdelivered a 3.0 million oz net increaseon an annual basis;Uruq 20/21 and Umm As Salam, both adding1.67 million oz;and Wadi Al Jaww, whichcontributedan initial maiden resource of 3.08 million oz.
Advanced drilling in the Central Arabian Gold Regionhasidentified new mineralized zones, whileexplorationneartheMahdAd Dahabmine hasexpandeditspotentialresources, currently beingevaluatedto extend the mine’s lifespan.
In addition, early-stage exploration projectsforbase metals haveshown promising indicators. Initial drilling at Jabal Shayban and Jabal Al Wakilconfirmed the presence ofcopper, nickel and platinum groupelements, suggesting the existence of large-scale mineral systems.
Thefinancial impact of this discovery has not yet been determined,Maaden stated, affirmingits commitmentto disclose any material developments as they arise.
