AMAK announces issuance of exploration license for Gold from Ministry of Industry

Almasane Alkobra Mining Company (AMAK) announced on Sunday the issuance of an exploration license for Gold from the Ministry of Industry and Mineral Resources.
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.
The company will carry out the necessary exploratory studies during the statutory period to ensure the availability of the required raw materials.
The financial impact value and timing of this license will become clear after the completion of exploration work and studies, and the company will announce any major developments regarding this license.