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Saudi-listed Al Masane Al Kobra Mining Co. (AMAK) has been awarded a new gold exploration license from the Ministry of Industry and Mineral Resources.
The new license covers 34 square kilometers in Aseer region, the mining company said in a statement to the Saudi stock exchange.
The license is valid from January 18, 2023, until November 24, 2027.
AMAK will carry out the required exploratory studies within the given timeframe to confirm the availability of the necessary raw materials.
Earlier this month, the Saudi firm was awarded the exploration license for gold, zinc and copper in Dhahran Al-Janub governorate in Aseer region.
(Editing by Seban Scaria)
