#Saudi Arabia #Jeddah #Power Metallic #Jabal Baudan

Power Metallic Awarded Jabal Baudan Exploration License

Toronto-based Power Metallic Mines Inc. has recently secured an exploration license for the Jabal Baudan project, situated in the renowned Jabal Sayid Mineralized Belt in Saudi Arabia. This achievement, announced on June 16, 2025, positions Power Metallic as one of the few foreign firms granted mining concessions in the Kingdom, demonstrating its competitive edge in a prestigious licensing process.

Strategic Significance of the Jabal Baudan Project

The Jabal Baudan property spans over 200 square kilometers, making it the largest among seven exploration packages available in the Jabal Sayid belt. The site is located approximately 150 kilometers south of Jeddah, along the picturesque western Red Sea coastal plain. This region is recognized for its significant potential in copper, gold, and zinc deposits, primarily characterized by its volcanic massive sulfide (VMS) deposits, including the notable Jabal Sayid Mine and the promising Umm ad Damar deposit.

CEO Terry Lynch expressed pride in this accomplishment, identifying it as a crucial step in expanding the company's portfolio within one of the world’s most promising mineral-rich areas. “This landmark achievement highlights our commitment to advancing mineral exploration globally and reflects our capability to secure high-value assets in competitive regions,” he stated.

Geology and Potential of the Jabal Baudan Area

The rough and mountainous terrain of Jabal Baudan features wadi systems flowing towards the Red Sea, underlined by Proterozoic volcanic and sedimentary rocks. Younger plutonic intrusions of gabbro and granite further enrich the geological complexity of the area. This geological composition has shown similarities to the nearby Umm Hiljan deposit, suggesting robust potential for the discovery of various minerals.

Historical exploration efforts conducted by notable organizations, including BRGM, Riofinex, and the US Geological Survey between 1966 and 1985, uncovered significant mineral indicators such as siliceous volcanic rocks and ironstone, which are vital for VMS deposits. The company plans to utilize historical aeromagnetic survey data to refine their exploration strategies and identify crucial target areas.

Dr. Remi Piet, Senior Partner at Embellie Advisory, encapsulated the region's potential, noting, “The Jabal Baudan site is strategically located in the most prospective area of Saudi Arabia, accessible by high-quality infrastructure. Preliminary sample analyses reveal promising prospects for a variety of minerals.”

Exploration Enablement Program as a Catalyst

The project gains momentum from the Kingdom's Exploration Enablement Program (EEP), a $182 million initiative designed to stimulate and minimize risks associated with mineral exploration investments. The EEP provides funding of up to $2 million per exploration license, subject to a cap of 15 licenses per company. Participation in this program is expected to expedite Power Metallic's geological understanding of the Jabal Baudan site and enable the prioritization of high-potential zones for focused exploration.

Aligning with Saudi Arabia's Vision 2030

This venture aligns perfectly with Saudi Arabia's Vision 2030, which aims to diversify the economy and secure the country’s position as a global leader in mining. The Jabal Baudan project is a testament to the Kingdom's dedication to attracting foreign investments and advancing its mineral resource development in innovative and sustainable manners.

CEO Lynch reaffirmed the company's commitment, stating, “Being a part of Saudi Arabia's transformative mining landscape is an honor and a responsibility we take seriously. Through collaboration with local stakeholders, we aim to unlock the exceptional potential of the Jabal Baudan property.”

Next Steps in Exploration

Power Metallic's next phase involves starting exploration activities at Jabal Baudan with a thorough compilation and reconnaissance stage, progressing onto targeted high-priority zones in advanced exploration. The company will implement cutting-edge exploration techniques to maximize the project’s potential while adhering to the highest environmental and operational standards.

Conclusion

Power Metallic Mines Inc. is not only expanding its reach in Saudi Arabia but is also setting a precedent for international collaboration in the mineral exploration arena. With a strategic foothold in the mineral-rich Jabal Sayid belt, the company is poised for significant developments in the coming years as it delves into this promising venture.