Mineral exploration is a core component of Ma’aden’s strategic growth, the company aims to maintain a pipeline of resources to sustain, grow and diversify the business. The role of Ma’aden’s Exploration division is to explore, discover and evaluate new mineral resources to replace or replenish current ore reserves that are being consumed by the company rapidly growing businesses.
The Saudi Deputy Ministry of Mineral Resources (DMMR) grants Ma'aden's exploration licenses, currently, the company holds licenses across the mineral-rich regions in the Kingdom, it also continues to apply for new licenses.
In 2019, Ma’aden increased Exploration budget to 250SR million (US$27 66.7 million) focusing on brownfield drilling, as well as the assessment of potential greenfield targets, Ma’aden continued drilling at prospects where the company recent exploration activities have identified additional new mineral deposits which will be followed to increase our confidence level.
Ma'aden conducted a full gap analysis of the company safety and environmental procedures previously and implemented the resulting recommendations. One of these includes the real-time satellite tracking of all field vehicles operating in remote desert areas to allow rapid response in case of emergency. Additionally, Ma'aden makes every effort to minimize its environmental footprint at exploration sites. The company performs regular audits of its sites to ensure full environmental compliance.
The company current exploration activities are geared towards delivering Ma'aden's production goals under its 2025 strategy, and Ma'aden is working on
- Focusing on key target areas close to the company's existing operations.
- Expanding the available exploration footprint by lodging new exploration license applications over prospective mineralized belts.
- Starting the geological study of the areas under the company licenses and executing a comparison study between current mining sites and other Exploration locations to establish a link to for better understanding.
The 2025 strategy focuses on accelerating Exploration activities in Ma'aden's licenses, where the gold occurrences been located in the Arabian shield as we divide the shield into three areas called: Northern, Central, and Southern. The company is moving now from finding a target in the evaluation process.
Where the gold occurrence
Ma'aden has invested heavily in modern exploration technology, such as regional airborne surveys, geochemical surveys, and remote sensing data to fully evaluate existing and new exploration licenses.