Saudi Arabia Reports 14 Million Tonnes of Mineralized Material Containing Gold, Silver, Copper and Zinc

Saudi Arabia has reported a major mineral resource discovery in the Najran region, with approximately 14 million tonnes of mineralized material identified at the Jabal Qaran project.

The estimate was announced by Almasane Alkobra Mining Company (AMAK) following an independent Mineral Resource Estimate prepared by Australian consulting firm Cube Consulting under the internationally recognised JORC 2012 standard.

The estimate covers approximately 11.3 million tonnes of classified mineral resources, alongside about 2.7 million tonnes of unclassified mineralized material. The classified resources include:

• 9.7 million tonnes of polymetallic mineralization grading 1.38% copper equivalent
• 1.5 million tonnes of gold mineralization averaging 1.10 grams of gold per tonne

The deposit contains economically significant quantities of copper, zinc, gold and silver, according to AMAK’s announcement.

The resource estimate includes approximately 281,000 ounces of gold, 3.739 million ounces of silver, 34,000 tonnes of copper and 118,000 tonnes of zinc within the classified resources. The figures represent the estimated metal contained within the mineralized material and should not be interpreted as 14 million tonnes of refined metals ready for extraction.

AMAK says exploration at Jabal Qaran is far from finished. The company plans additional drilling to investigate mineralization at greater depths, extend the known deposits into surrounding areas and explore other prospective zones within the wider mineralized belt.

The company previously announced in November 2025 that preliminary studies had identified around 11 million tonnes of potentially economically viable mineral resources. At the time, AMAK noted that drilling had covered less than 10% of the exploration licence area, leaving room for the resource estimate to grow.

AMAK is now carrying out development-stage studies aimed at determining how the Jabal Qaran resource could be developed and eventually converting the exploration licence into a mining licence. That means the latest announcement represents an important step, but it does not mean commercial mining has already begun.

Further exploration, technical studies, economic assessments and regulatory approvals will be required before the project can progress to full-scale mining. The discovery adds to Saudi Arabia’s growing focus on developing its mineral resources and diversifying its economy beyond oil.