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Announcement Detail	Almasane Alkobra Mining Company (AMAK) is pleased to announce the issuance of a Gold Ore Mining License for Khutainah Site by the Ministry of Industry and Mineral Resources. License Name: Khutainah License location: Najran Province. Ministerial Decree:4190/1/1447 License Duration: 10 Years. Total Area: 9,84 km2. This license was issued in accordance with the Mining Investment Law issued by Royal Decree No. M/140 dated 19/10/1441 AH and its executive regulations. Mining operations are expected to commence in Q1 2026, marking a significant milestone in the company’s journey in line with the company’s growth and expansion strategy. It is worth noting that the Khutainah mine is considered in a strategic location, being adjacent to the company’s Guyan mining license. This enhances the sustainability of the Guyan processing plant, contributes to reducing capital and operating costs, and improves resource utilization efficiency through shared infrastructure and operations, thereby supporting sustainability and creating added value for the company.

Element List

Explanation

Announcement Detail

Almasane Alkobra Mining Company (AMAK) is pleased to announce the issuance of a Gold Ore Mining License for Khutainah Site by the Ministry of Industry and Mineral Resources.

License Name: Khutainah

License location: Najran Province.

Ministerial Decree:4190/1/1447

License Duration: 10 Years.

Total Area: 9,84 km2.

This license was issued in accordance with the Mining Investment Law issued by Royal Decree No. M/140 dated 19/10/1441 AH and its executive regulations.

Mining operations are expected to commence in Q1 2026, marking a significant milestone in the company’s journey in line with the company’s growth and expansion strategy.

It is worth noting that the Khutainah mine is considered in a strategic location, being adjacent to the company’s Guyan mining license. This enhances the sustainability of the Guyan processing plant, contributes to reducing capital and operating costs, and improves resource utilization efficiency through shared infrastructure and operations, thereby supporting sustainability and creating added value for the company.

Almasane Alkobra Mining Company (AMAK) is pleased to announce the issuance of a Gold Ore Mining License for Khutainah site by the Ministry of Industry and Mineral Resources