Power Metallic gets licensed to explore Saudi mineral belt

Power Metallic Mines Inc., a prominent exploration and development company, has been granted the exploration licence for the Jabal Baudan project in Saudi Arabia’s Jabal Sayid Mineralised Belt.

Power Metallic is now one of the few foreign companies to secure mining concessions in the Kingdom, following a successful bid in a competitive licensing process.

CEO Terry Lynch, said, "We are honoured to have been awarded the Jabal Baudan exploration license, marking a pivotal step in our strategy to expand our portfolio into one of the world's most promising mineral belts. This achievement underscores our commitment to advancing mineral exploration globally and highlights our ability to secure high-value assets in competitive jurisdictions."

Strategic location in a mineral-rich region

The Jabal Baudan property, spanning over 200 sq km, is the largest of seven exploration packages offered in the Jabal Sayid belt.

Located approximately 150 km south of Jeddah along the western Red Sea coastal plain, the site is highly prospective for copper, gold, and zinc mineralisation.

The region is renowned for its volcanic massive sulphide (VMS) deposits, including the world-class Jabal Sayid Mine and the promising Umm ad Damar deposit.

Situated in rugged mountainous terrain intersected by wadi systems draining to the Red Sea, Jabal Baudan is underlain by late Proterozoic volcanic, volcaniclastic, and sedimentary rocks, intruded by younger plutonic rocks ranging from gabbro to granite.

This geological setting mirrors that of the nearby Umm Hiljan deposit, indicating strong potential for VMS-style mineralisation.

Historical exploration by BRGM, Riofinex, and USGS between 1966 and 1985 identified siliceous volcanic rocks and “ironstone,” suggesting mineralising systems conducive to VMS deposits.

Exploration strategy and support

Power Metallic plans to utilise historical aeromagnetic survey data to refine its exploration approach and pinpoint priority target areas.

The project is supported by Saudi Arabia’s Exploration Enablement Program (EEP), a US$182mn initiative designed to stimulate and de-risk mineral exploration investments.

The EEP offers up to US$2mn per exploration licence, with a cap of 15 licences per company, fostering knowledge exchange and growth.

This support will enable Power Metallic to enhance its geological understanding of Jabal Baudan and prioritise high-potential zones for advanced exploration.

"The Jabal Baudan site is located at the heart of the most prospective region of Saudi Arabia. It is easily reachable by world quality infrastructure and initial samples have confirmed strong potential for a large range of minerals" Dr Remi Piet, senior partner at Embellie Advisory.