Deals23 Jan 2025, 02:54 pm
South West Pinnacle Exploration Ltd Secures 1452 KM2 Block 22B in Oman for Mineral Exploration
AI Summary
South West Pinnacle Exploration Ltd, through its joint venture company Al Hadeetha Mining LLC (AHML), has been awarded an exploration and mining block 22B in the 1ZKI Town of Oman. The block, which spans 1452 KM2, holds potential for Copper, Gold, Silver & Chromite and Basalt minerals. The exploration will be carried out in two phases, with the first phase lasting for three years and the possibility of two more extensions. The second phase will commence once the commerciality of minerals is approved.
Key Highlights
- South West Pinnacle Exploration Ltd secures a 1452 KM2 block for mineral exploration in Oman.
- The block holds potential for Copper, Gold, Silver & Chromite and Basalt minerals.
- The exploration will be carried out in two phases.
- The first phase of exploration will last for three years with the possibility of two more extensions.
- The second phase will commence once the commerciality of minerals is approved.