Investment24 Jan 2025, 02:28 pm
South West Pinnacle Exploration Ltd. Signs Concession Agreement for Exploration & Mining of Block 22B in Oman
AI Summary
South West Pinnacle Exploration Ltd. (SWPE) through its Joint Venture Company, Al Hadeetha Mining LLC (AHML), has been awarded an exploration and mining block 22B, in IZKI Town, Oman. The block, spread across 1452 KM2, is for exploration and mining of Copper, Gold, Silver & Chromite and Basalt. The official signing ceremony of the concession agreement was held on January 22, 2025. Oman, known for its oil and gas reserves, is now opening up for other minerals, offering many opportunities in the Exploration & Mining Sector. SWPE, through AHML, is committed to unlocking the potential of Oman’s mineral resources and driving the success of this prestigious project.
Key Highlights
- SWPE's JV company, Al Hadeetha Mining LLC, has been awarded an exploration and mining block 22B in Oman.
- The block is spread across 1452 KM2 and is for exploration and mining of Copper, Gold, Silver & Chromite and Basalt.
- The signing ceremony was held in the presence of the Hon’ble Minister of Energy and Minerals, His Excellency Eng. Salim Bin Nasser Aloufi.
- Oman is opening up for other minerals, offering many opportunities in the Exploration & Mining Sector.
- SWPE, through AHML, is committed to unlocking the potential of Oman’s mineral resources and driving the success of this prestigious project.