Ma’aden Chief Executive Bob Wilt said the results validate the company’s long-term exploration strategy.
The company also reported encouraging initial results from base metals exploration at Jabal Shayban and Jabal Al Wakil. Drilling identified copper, nickel and platinum group elements, pointing to broader multi-commodity potential across the Arabian Shield.
Beyond the immediate value of the bullion, these discoveries validate the massive capital expenditures the kingdom has poured into geological mapping and infrastructure. By proving that the Arabian Shield contains diverse mineral systems, including copper and nickel essential for the global energy transition, Ma’aden is positioning Saudi Arabia as a vital player in the future of global supply chains, far beyond the petrol pump.
FAQ Where were the new gold resources found in Saudi Arabia? Discoveries span Mansourah Massarah, Uruq 20, Umm As Salam, and Wadi Al Jaww. How much gold did Ma’aden add to its resource base? The company reported 7.8 million ounces added across four regions. Why is this expansion important for Saudi Arabia’s economy? It supports Vision 2030 by making mining the “third pillar” beyond oil and petrochemicals. What other minerals were identified in the Arabian Shield? Early drilling revealed copper, nickel, and platinum group elements with global supply chain potential.
