Signal · Supplier & Corporate Risk
AMAK identifies 14M tons of mineralized material at Jabal Qaran
What the source reported
Source-reported<p><img src="https://argaamplus.s3.amazonaws.com/0fe322b1-6be6-4c9b-8f3d-a1dfe6a9e913.png"></p> <p class="ckeCaption" >One of AMAK's facilities</p> <hr> <p >Almasane Alkobra Mining Co. (<a href="https://www.argaam.com/en/tadawul/tasi/amak" target="_blank">AMAK</a>) announced the identification of around 14 million tons of mineralized material at its Jabal Qaran project in Najran.</p> <p ></p> <p >The miner issued the statement to <strong>Tadawul </strong>based on an independent Mineral Resource Estimate (MRE) report, compliant with the JORC Code for the Jabal Qaran project. The report was prepared by Cube Consulting.</p> <p ></p> <p >The estimate includes 11.3 million tons of mineral resources classified under the JORC (2012) Code, in addition to around 2.7 million tons of unclassified mineralized material.</p> <p ></p> <p >The 11.3 million tons of classified mineral resources comprise 9.7 million tons of polymetallic mineralization, grading 1.38% copper equivalent. Also, 1.5 million tons of gold mineralization, averaging 1.10 grams per ton of gold.</p> <p ></p> <p >Further exploration drilling will focus on assessing the extensions of the existing mineralization in surrounding areas and at greater depths, as well as exploring other prospective areas within the project area, with the aim of evaluating opportunities to increase mineral resources in the future.</p> <p ></p> <p >AMAK continues to conduct development-stage studies to convert the exploration license into a mining license, noting that it will announce any material developments in the future in accordance with the relevant regulations and instructions.</p> <p ></p> <p >According to <strong >Argaam</strong>data, AMAK announced in November 2025 the discovery of potentially economic mineral resources containing copper, zinc, gold, and silver ores at one of its exploration licenses in Najran.</p>
- Publication
- Argaam - Company Disclosures · Stock Exchange/Regulatory Announcements
- Published
- 31st August 2026
- Original report
- argaam.com
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What ProcIntel recorded
ProcIntel-derived- Category
- Supplier & Corporate Risk
- Geography
- Saudi Arabia, UAE
- Organisations
- None identified
- Collected
- 31st August 2026 · 20:17
Initial assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Initial Significance Low (18.0/100). Strongest contributor: Procurement Impact (6.0/30 points). Limiting factor: Geographic Breadth (0.0/10 points). Initial Confidence Low (23.5/100, data sufficiency: Partial). Strongest contributor: Source Authority (12.0/40 points). Limiting factor: Corroboration (2.5/25 points).
- Strongest contributor
- Procurement Impact
- Limiting factor
- Geographic Breadth