Saudi Arabia’s Ministry of Industry and Mineral Resources, along with the Ministry of Investment, has announced that six companies have qualified in the initial phase of the Exploration Enablement Programme (EEP). This initiative, detailed in a recent announcement, seeks to enhance the exploration of critical minerals in the Kingdom while mitigating investment risks in the mining sector.
The companies that have qualified are:
- Royal Road
- Ajlan & Bros Holding
- EV Metals Group (EVM)
- Gold & Minerals Company (GMCO)
- Ma’aden
- Amak
Key aspects of the EEP include a licensed area of 4,000 square kilometers, the collection of 57,000 geochemistry samples, and plans for 440,000 meters of drilling.