沙特矿业投资项目招商

SAUDIARABIA’SGLOBALMINERALPROCESSINGHUBAgenda2TimeTopicPresenter9:00–9:05SessionandAgendaIntroductionModerator9:05–9:10OpeningremarksH.E.DeputyMinisterofMiningDevelopment,Eng.TurkiAlbabtain9:10–9:30SaudiArabia2030Vision&ValuePropositionInvestorRelationsManager,GhaddahHayat9:30–9:50KSAgeologicalendowmentExplorationGeologist,HassanZowawi9:50–10:10KSAExploration&MiningInvestmentOpportunitiesDirectorofMiningInvestment,AhmedAlthubaiti10:10–10:30MiningindustriespromotionChiefSpecialistofMiningIndustriesDevelopment,MohammedAlsayari10:30–10:45FutureMineralsForumPortfolioManager,AbdulazizAlHarbi10:45–11:00Q&ASaudiTeam11:00–11:05ClosingRemarksGeneralManagerofMiningIndustriesDevelopment,MohammedMaghraby11:05–11:30MoUssigningSAUDI

ARABIA

Enabling

the

InvestmentEcosystem

InsightsandOpportunitiesDammamAlulaNeomJeddahAseerRiyadh32.2mn

Population<60%Under

the

age

of

35YanbuJubailMadinahInternationalAirportsSeaportIndustrial

CitySaudi

Arabia

a

hub

at

global

crossroads28Airports

Connecting

to45+

countries4

HoursWithin

more

than

50

fast-growing

economies7HoursTo

over

80%

of

the

world’spopulationMecca4A

transformational

journey

with

a

clear

Vision

and

ambitious

goalsVibrantSocietyThrivingEconomyAmbitiousNationIncreased

internationalconnectionsTop

10

GlobalCompetitiveness

IndexrankingForeign

direct

investmentas

%

of

GDP

(5.7%)Non-oil

exports

to

50%ofnon-oil

GDP5Enhanced

quality

of

lifeAveragelifeexpectancyto80yearsSocialCapitalIndexrankingto10thplaceRank3Saudicitiesamongstthetop100globallyEnhancedpublicsectorperformanceandcitizenengagementHouseholdsavingsoftotalincometo10%Top5onE-GovernmentSurveyIndexQuality

of

lifeprogramHuman

capabilitydevelopment

programFiscal

sustainability

programHealth

sector

transformation

programNational

industrial

development

and

logistics

programPublic

investment

fund

programFinancial

sector

development

programPrivatization

programNationaltransformation

programexperienceprogramThe

housing

program123457891011

Pilgrim6VRPs

are

supported

by

national

strategies,

strengthening

the

impact

of

transformation;

such

as:National

InvestmentStrategyNational

Transport

andLogistics

Strategy6National

IndustrialStrategyNational

Gaming

andEsports

StrategyNational

IntellectualProperty

Strategy…Achieved

through

Vision

Realization

Programs

(VRPs)

and

sectorialstrategiesSaudi’s

Investment

Ecosystem7ProvenResilienceRobustEconomy1stPopulation

growthrate

among

theG20

in

2022

(YOY)2ndlowestdebt/GDP

ratioamong

the

G20in

20221stFastest

growingeconomyamong

G20

in20222ndLargest

GDP

percapita

(PPP)amongThe

G20

in

20222nd17thLargesteconomyglobally

IN20227thLargest

foreignassets

reservesGlobally

in

Feb2023Supported

by

a

resilient

and

robust

economy87thSaudi

Arabiaranked

in

thegrowth

of

FDI

netinflow

in

2022Lowest

inflationrate

among

G20in

2022Saudi’sSupporttoInvestors9InvestmentOpportunitiesInvestorsFundingCompetitiveness&

enablersDeveloping

strongand

diverseinvestmentopportunitiesGrowing

thecontribution

ofdiverse

investorsRemovingfinancial

barrierstoinvestmentCreating

an

attractiveand

Competitiveinvestment

environmentfor

global

and

domesticinvestorsThe

National

Investment

Strategy

(NIS)

plays

a

pivotal

role

in

the

economictransformation

plan

supporting

investors

through

four

pillars10Agriculture

&FoodProcessingEnergyHealthcare

&Life

SciencesEnvironmentServicesManufacturingPharma

&

BiotechChemicalsReal

EstateFinancial

ServicesTransport

&LogisticsMining

&

MetalsTourism

&

Qualityof

LifeICTHuman

CapitalInnovationAerospace

&DefenseThe

government

supports

multiple

sectors

driving

economic

diversification11BusinessSetupEaseof

RegulationAccesstoFinancing24

hoursto

issue

a

business

visa100%

foreign

ownershipof

investments

allowed

in

most

sectorsGovernment

reforms

supporting

investors

in

doing

business24hourscustoms

clearance

periodExport

credit

financing,

guarantee,and

insurance,

provided

by

Saudi

IndustrialDevelopment

Fund,

International

Islamic

TradeFinance

Corporation,

and

Saudi

Export-ImportBank12MISASERVICESINCLUDE:TailoredmarketandeconomicintelligenceMatchmakingandlinkageOrganizingsitevisitsAssistinginlocationsearchesSupportingbusinesscasedevelopmentandfeasibilitystudiesProvidingtailoredincentivesObtaininglicensesorpermitsIntroductionstofinancinginstitutionsOrganizingpublicityandlauncheventsLiaisewithinvestorstoprovidesadviceoncorporatestructureLiaisewithGov.entitiesandprovidesadviceonapplyingforvisas,permits,licenses.HelpingovercomeobstaclesAccountmanagementBusinesscentre(physicallocation)asaonestopshopSupportinproblemsolvingthroughfrequentfocusedworkshopBEFORESET-UPDURINGSET-UPAFTERSET-UPWhetherinvestorsstartingorexpandingabusinessinSaudiArabia,ourdedicatedteamisheretosupportyouonallstagesofyourjourney.MISASERVICES13Duetoaraftofeconomicreformsdesignedwithforeigninvestorsinmind,settingupacompanyinSaudiArabiatodayisbothsimpleandinexpensive.MISAsupportinvestorsineverystepoftheway,ensuringbusinessesgetsoffwiththebestpossiblestart.SubscribingintheChamberofCommerceIssuingalicensefromconcernedauthoritiesOpeningafilewithTAXandIncomeOpeningabankaccountOpeningaGOSIfileautomaticallywhenopeningthelabourofficefileIssuingaMunicipalityLicenseOBTAINALICENSERESERVEATRADENAMEOBTAINACOMMERCIALREGISTRATIONOpeningalabourofficefileOBTAINAGENERALMANAGERVISAWORLD-CLASSINVESTORJOURNEY14Hosteventsandseminars/webinarsforinvestorsincludingothergovernmententitiesBusinessCentresRELATIONSHIPMANAGEMENTSpecializedinvarioustypesofinvestmentsAplatformtoreceivedailyinquiriesProvidessupportinestablishinginvestors'businesses.Providinggovernmentservices.HotlineandsocialmediaManagecomplaintsandinquiresLinkbetweeninvestorsandbusinesssectors7languages24/7DedicatedRelationshipManagerFocalpointforinvestorswithinMISAandGovernmentPerformanceanalysisandproviderecommendationsMonitortheactivityoftheentityPrepareperiodicreportsProvidesupportincaseofchallengesLinkinvestorstorelatedgovernmententities.INVESTMENTCONSULTATIONSWORKSHOPSSUPPORTINVESTORSCONTACTCENTER15VISIT

INVEST

SAUDI

PORTALINVESTOR

SERVICESMANUALINVESTMENT

LICENSECHECKINVESTOR

JOURNEYGUIDELINES16MISAINVEST

SAUDIGeologyofKSA

ItsMinerals&SGSStrategicInitiatives17OVERVIEWGeologicalsurveysactivitiesinSaudiArabiastartedin1956andcontinuedtobeasignificantobjectiveoftheSaudiGeologicalSurvey(SGS).TheSGSwasestablishedin1999withtasksanddutiesasfollows:GeologicalMappingMineralsExplorationMiningStudiesGeohazardsStudiesGeo-environmentalStudiesMonitoringEarthquake&VolcanoesHydro-GeologicalStudiesSGS18OVERVIEWSGSGoals&TargetsProvidegeologicalinformationandmapsProvideprospectivestrategicmineralresourcesStudyenvironmentalproblemsassociatedwithgeohazardsSupportconstructionthroughstudiesofengineeringgeologyBuildupdevelopednationalearthscienceinformationdatabases19OVERVIEWGeologyofSaudiArabiaPARTFirstPARTSecondThemineralresourcesoftheArabianShieldhavebeenhistoricallyexploitedformorethan3,000years.Arabianshield1.95MillionKM2

TotalAreaSedimentarycoverThesedimentarycoverinSaudiArabiahoststheworld’slargesthydrocarbondepositsandreservoirsandnon-metallicminerals.20OVERVIEWMetallicCommodity8532,540Metalliclocations30Commodity21OVERVIEWNon-Metallic(industrial)CommodityLimestone3,079Non-Metalliclocations77Commodity22OVERVIEWMineralsDistributionGeology&Mineralsoverview:KSAhasavarietyofmetallicandnon-metallicresourcesthatrangeinsizetoworldclass.Mostmetallic-mineralresourcesarelocatedwithinPrecambrianrocksoftheArabianShield,inthewesternhalfoftheKingdom.Base&precious-metaloccurrencesareassociatedwithmineraldistrictsformingprospectivebelts,becauseofthegeologic,tectonic,andstructuralcharacteristicsoftheShield.Arabianshieldsubjectedtomanydeformationandtransformationwhichledtobeasuitableenvironmentofdifferentmineralizationtype.23OVERVIEWTypesofMineralizationOrogenicgoldveinsrelatedtofaults.Epithermalgoldandbase-metalsulfidemineralizationBasemetalsdepositsrelatedtosubmarinevolcanism(VMS).SedimentaryPb,Znmineralization..Porphyry-typeCu-Mo,Cu-Aumineralization.Cr-Ti-Fe-Ni-Cu(PGE)mineralizationrelatedtomafic-ultramaficrocks.REE-Th-Umineralizationrelatedtograniteandsyeno-granite.Ti,andAuresidualplacers24MININGINITIATIVES2.7BillionSARallocatedforsurveyandexploremineralsinKSARegionalGeologicalSurveyProgramExpectedDeliverables:ArabianshieldMaps:Geologicalfor1:50,000&Geochemicalfor1:100,000andgeophysicsmap.GeologicalDataanalysiscenterAcceleratedExplorationProgramExpectedDeliverables:DetailedexplorationstudiesforBase,PreciousMetals&REEforinvestmentopportunities.Exploreanddeveloppromisingareas.ExpectedDeliverables:DigitalcorescanningandlinktheoutputstotheNGD.Geothermalenergyexploration(GTEE)ExpectedDeliverables:ComprehensivestudyshowinggeothermalreservoirsandtheirappropriatedepthMiningCenterof

ExcellenceExpectedDeliverables:MiningCenterofExcellenceupandrunningExpectedDeliverables:Geologicalmaps​MineralOccurrences​RegionalGeochemistryandRegionalGeophysicsdata​Boreholes,trenchesdata​NationalCoreLibrary(NCL)010203040506NationalCoreLibraryNationalGeologicalDatabase(NGD)25MININGINITIATIVESNationalGeologicalDatabase(NGD)MAPSDevelopanalyticaltoolsforspatialinformationsystemsanddigitalinformationsolutions.Providegeologicmaps,geophysics,geochemistry,andgeologichazardsmaps,etc.ManagetheGeoscienceNGDbygrantingaccesstodifferentstakeholdersandinvestorstoutilizeandbenefitfromthegeologicaldatabasesforthekingdomofSaudiArabia.Providespatialanddigitaldataandelectronicservices.INITITATIVEOBJECTIVESDigitalregionalgeologicalmapsatscalesof1:2,000,000&1:1,000,000&1:500,000&1:250,000Preliminarilyprospectscaledataonboreholes,trenches,andgeochemistryontheprospectscale.RegionalairbornegeophysicalmagneticdatafortheArabianShieldarea.IntegrateservicesintotheNGDwebportalfromdifferentlocalstakeholdersinthekingdom,suchas:MinistryofWater,EnvironmentandAgriculture,andDeputyMinistryforMineralResources,etc.,INITIATIVEOUTCOMES26UnlockMineralOpportunities

intheKingdomofSaudiArabia2728KSAisanidealdestinationforinvestorslookingtofindanattractiveandstablebasetoexpandtheirfootprintorentertheregionAccesstoGrowingDomestic&ExportMarketsAvailabilityofSkilledTalentWorld-classInfrastructure&ConnectivityBusiness-FriendlyEnvironmentAttractiveFinancing&IncentivesAccesstolow-costfinancingof2.5-3.5%ofupto75%oftotalprojectcostviaSIDFAccesstotradecreditforexportsthroughSaudiEximBankReducedelectricitytariffsaslowas3.2UScperkWhtooperationalcostsratio1exceeds20%InKingdomTotalValueAddprogramsupportinglocalmanufacturingAccesstofreetradewithhigh-growthmarketssuchasGCC2,GAFTA3,SingaporeandEFTA4,amongothersAccesstoskilledglobalandlocaltalentpoolPrioritizedvisasforprofessionalswithcriticalmanufacturingskillsEnhancedupskilling/reskillingprogramsfortheworkforceWorld-classindustrialinfrastructurewithvibrantbusinessecosystemGloballogistichubwithexcellentconnectivitywithallkeymarketsSignificantinvestmenttocompleteandupgradeinfrastructureinindustrialcities100%foreignbusinessownershipallowablewithintheKingdomSimplifiedregulationstoimprovetheattractionofleadingforeignfirmsStronginvestorprotectionlawsAccesstorawmaterialsandcustomsdutywaiverstosupportstrategicsectors123451.Excludingrawmaterials,2.GulfCooperationCouncil,3.GreaterArabFreeTradeAgreements,4.EuropeanFreeTradeAssociation,Source:WorldBank,SIDF,SaudiElectricityCompany,GlobalInnovationIndex29KSA:CrossroadsoftheMineralFutureTheworldneedsmoremineralsdecarbonizingrequiresmoreresourcesandgreenerprocessingwhichwillleadthemineraldemandtoriseatleastfourtimesby2040Internationalcollaborationisrequiredtounleashtheregion’spotentialAfrica,MiddleEast,andCentralandSouthAsia(Growing~30%fasterthanglobalaverage).Yet,lackofexploration,talent,andinfrastructureareamongchallengesimpedingdevelopmentSaudiArabiaambitiontobecomeaglobalhubinthemineralsThroughgreenerprocessing,advancedservicersandenablinginvestmentsinternationally,meetsitsever-growingdemandandbringingpeopletogether30CompetitiveAdvantageofSaudiArabia’sMiningSectorVision2030:Miningsectortobecome3rdpillaroftheKingdom’snationaleconomicindustriesUS$2.5tnofuntappedmineralwealthofferssignificantexplorationopportunities.Rapidlygrowingdemandforminerals:Pipeline11MegaprojectsexceedingUS$1trillionuntil2030.RobustinfrastructureandskilledworkforcestrengthenSaudiArabia'sglobalminingstatus.Financialincentives:ExplorationEnablementProgram;andSaudiIndustrialDevelopmentFundco-fundingupto75%ofcapitalexpenditure(CAPEX)ModernizedminingcodealignswithglobalEHSstandards.31AccessToWorldClassIndustrialInfrastructureUtilityHighlightsRoads73,000kmtotallengthofroadsinKSA4,900kmofHighways14,189kmofDouble-Roads54,180kmofSingle-RoadsRailroads4,500kmtotallengthofrailroadsinKSA2.5millionPassenger10.4millionstonsofminerals(North-South)+350kcontainers(Riyadh-Dammam)Seaports10Seaports(forNon-oiltrade)9millioncontainers+280millionstonsofgoodsAirports28Airports6InternationalAirports10RegionalAirports12DomesticAirports103.3millionpassenger0.8milliontonsofcargo32CompetitiveincentivesandenablersUpto75%Co-funding

CAPEX5YearsRoyaltyfeesexemption30%Discounts

foreach

local

downstream

processingupto90%20%CorporateTAX100%foreigndirectownershipallowed1.Withextra10%forfemalehiresAdditionalincentivesSalarycoverageofup

to

30-50%

for

Saudi

employees1

Customsdutiesexemptionsonmachinery,equipment,rawmaterialsandsparepartsiftheyareforindustrialuse40+locationsacrossthe

Kingdomwithcompetitive

land&utilitypricesLogisticsnetworkconnectingandenablingallsectorsacrosstheKingdomDomestically,RegionallyandInternationally33WorldRiskReport2023recognizedKSAforitsexceptionalmininginvestmentenvironmentFastestgrowinginvestmenthubgloballyinpast5yearsAmongtop10countriesforfiscalriskmitigationworldwideSecondhighestcountryinthepermittingindexgloballyTop-Tierminingjurisdictionforinvestment34Hence,anambitiousstrategywasdevelopedtomakethesectorthe3rdpillarofSaudi’sindustrialgrowthMaximizing

the

value-added

from

the

kingdom’s

mineral

resourcesVision

2030

RelationObjectives&

TargetsofKSAMiningSectorCreate

growthengines

beyond

oil

and

gasCreate

high

value

jobs

for

Saudi

NationalsCreate

219.000

new

jobsGrowtotal

sector

GDPimpact

by176bn

SAROffering450bnSARofInvestmentopportunitiesby20301232030

Macroecono-mics

TargetsFull

potential

scenarioBn

SAR17620152030219%1000xJobsSector

MainTargets35Sinceitsinception,theminingstrategyhasaccomplishedsubstantialresultsGrowth

of

sector

contribution

to

GDPIncrease

in

the

number

of

licensesissued

annuallyDouble

spend

on

explorationAccelerationof

investments

in

themetallurgical

industriessectorIncreased

attractiveness

of

the

sector

forlocal

and

foreign

investmentIncrease

in

the

mineral

wealthestimates

in

KSABest

improved

countries

in

the

investment

environmentfor

themining

sector

(2018-2023)*SAR

170

BnTotal

investments

in

mining

industries

attracted

sincethe

launch

of

the

strategy88%The

rate

of

increasein

thecontributionof

the

mining

andmetallurgicalindustries

sector

toGDP641202023SARBnBaselineSARpersq

km52023BaselineSAR

Tn9.4%88+554%The

rate

ofincrease

in

thenumber

oflicenses

issued

annually347%The

rate

ofincrease

inspending

onexplorationper

sq

km7653-14

-14-15

-159.4TnEstimatedvalue

ofmineral

wealthin

KSA*According

to

the

Global

InvestmentRisk

Index(Investment

Risk

Index)

classification

issued

by

the

Mining

Journalfor

202336BeltsLicensingRound37AnewlicensingroundforlargerareashasbeenannouncedforthefirsttimeinSaudiArabiathroughtwobeltstoboostexplorationeffortsinthesetwopromisingregionsZn/Cu/AuCommoditiesExploration

stageEarly

explorationMines

and

projectsJabal

Sayid

mineJabalSayid:3,000Km2JabalSayidBelt138AnewlicensingroundforlargerareashasbeenannouncedforthefirsttimeinSaudiArabiathroughtwobeltstoboostexplorationeffortsinthesetwopromisingregionsAlHajarBelt2Zn/Cu/AuCommoditiesExploration

stageEarly

explorationMines

and

projectsAlHajarmineAlHajar:2,000Km239BeltsLicensingRoundTheDesignfortheBeltsgoesthroughfourstagesPre-QualificationOpenthePre-qualificationstageandpublishthedataroom65%WorkProgramandExplorationSpend10%Socialimpactmanagementplan10%Innovation15%DemonstratedExpertiseandTrackRecordinLargeScale/RegionalExplorationEvaluationcriteriaJuly2024-31Oct2024Awarding

EvaluationProposalStagePublicationofinformationmemorandumandopentheproposalStage31

Oct2024-22

Dec2024Proposalevaluationwherethetechnicalexpertiseandexplorationspendweights80%22

Dec2024-Jan2025AnnouncementoftheresultsJan202540PreviousExplorationLicensingRounds(2022-2024)AuctionRoundSiteNameCommoditiesRegionArea(Km2)AwardedCompanyRound1,2022KhnaiguiyahZn(Cu)Riyadh353+Round2,2023UmmAdDamarCu(Ag,Zn)Madinah40+Round3,2023MuhaddadCu(Pb,Zn,Au)Asir15ArRidaniyahZnRiyadh44Round4,2023UmHadidAg(Pb,Zn,Cu)Riyadh246+BirUmqCu(Zn)Madinah187+JabalShabiahZn(Pb,Cu,Fe)Asir283+41PreviousExplorationLicensingRounds(2022-2024)AuctionRoundSiteNameCommoditiesRegionArea(Km2)AwardedCompanyRound5,2024Al-HalahilahCu,Zn,AuNajran34JabalQaranCu,Au,PbNajran46MakmanHijabAu,AgRiyadh180Al-HijraAg,Cu,Zn,AuAsir274AnNimasCu,Ag,AuAsir228AlMiyahCu,Ag,AuMakkah237,42TheUpcomingOpportunity–Round7TheDesignfortheBeltsgoesthroughfourstagesProjectCommodityAreakm²RegionWadialLithAu243.87MakkahJabalBaudanAu(cu,Ag)244.92MakkahJabalAdDimahAu(Cu,Pb,Zn)210.90MakkahUmmHijlan(Mamilah)Au,Ag(Pb,Zn)78.4MakkahJabalSabhaAg,Pb,Zn171.50RiyadhJabalalKlahNorthAg,Pb,Zn98.15RiyadhJabalalKlahNorthAg,Pb,Zn19.21RiyadhIndicativetimeline:PublicationofInformationMemorandum

14thOctober2024ProposalSubmissionDeadline

18thNovember2024Announcementof7thRoundFinalResults 9thDec2024LocalandforeignexplorationentitiesareinvitedtoparticipateintheupcomingExplorationLicensingRoundsunderTenderRound7.43TheUpcomingOpportunity–Round7Thenewauctiondesignin2024hasbeenenhancedandsimplifiedtoenablecompaniesofexplorationfocus1Evaluationcriteriaisnowsolelydependentonbidder’stechnicalproposalandcompetency(nofinancialbids)2Simplifiedbiddingprocess3DrivingpositiveschangethroughemphasizingESGProposalsStage5weeksdurationforproposalsubmissions50%workingprogram20%socialimpactmanagementplan10%innovation20%resourceanddiscoveryactivitiesEvaluationCriteriaEvaluationStageAwardinghigherweightallocatedforthetechnicalaspectsAnnouncementofthesuccessfulbidderbasedonhighestscore44WadialLithProfile243.87km2

Licenseareatobeallocated~160

kmAwayfromJeddah

SeaportExplorationactivitiesGeologicalmapping,GeophysicalSurveyandstreamsedimentsampling.(Cu,Au,Zn)Ccommodities~150kmJeddahAsirTerraneGeologicalLocation1MODsUSGSandRiofinexDepositType

VMScategorySource:NationalGeologicalDatabase;MinistryofIndustryandMineralResources‭‬45JabalBaudanProfileSource:NationalGeologicalDatabase;MinistryofIndustryandMineralResources‭‬244.92km2

Licenseareatobeallocated~160

kmAwayfromJeddah

SeaportExplorationactivitiesGeologicalmapping,GeophysicalSurveyandstreamsedimentsampling.(Cu,Au,Zn)Ccommodities~150kmJeddahAsirTerraneGeologicalLocation1MODsUSGSandRiofinexDepositType

VMScategory46JabalalAdDimahProfileSource:NationalGeologicalDatabase;MinistryofIndustryandMineralResources‭‬210.90km2

Licenseareatobeallocated~160

kmAwayfromJeddah

SeaportExplorationactivitiesGeologicalmapping,GeophysicalSurveyandstreamsedimentsampling(Cu,Au,Zn)Ccommodities~150kmJeddahAsirTerraneGeologicalLocation1MODsUSGSandRiofinexexploreDepositType

VMScategory47JabalalKlahNorthProfileSource:NationalGeologicalDatabase;MinistryofIndustryandMineralResources‭‬98,15km2

Licenseareatobeallocated~350

kmAwayfromYanbu

SeaportExplorationactivitiesGeologicalmapping,GeophysicalSurvey,Soilsampling,Trenching(Ag,Pb,Zn)Ccommodities~320kmRiyadhJeddahTerraneGeologicalLocation13MODs1954–1994ARGAS,BRGM,USGSandRiofinexNearestMine

AlAmarmine(Maaden)DepositType

VMScategory48JabalalKlahSouthProfileSource:NationalGeologicalDatabase;MinistryofIndustryandMineralResources‭‬19,21km2

Licenseareatobeallocated~350

kmAwayfromYanbu

SeaportExplorationactivitiesGeologicalmapping,GeophysicalSurvey,Soilsampling,Trenching(Ag,Pb,Zn)Ccommodities~320kmRiyadhAdDawadimiTerraneGeologicalLocation7MODs1954–1994ARGAS,BRGM,USGSandRiofinexNearestMine

AlAmarmine(Maaden)DepositType

VMScategory49JabalSahbaProjectProfileSource:NationalGeologicalDatabase;MinistryofIndustryandMineralResources‭‬170.5km2

Licenseareatobeallocated~600

kmAwayfromJeddahPortGeophysicsAeromagneticsurveyAg/Pb/Zn(Nb,Au,Co)Commodities~250

kmLocatedsouthwestofRiyadhAdDawadimiTerraneGeologicalLocation2MODsRiofinex,BRGMandUSGSdiscoverandexplore

(5previousreports&maps)Geochemistry

Outcropsampling50UmmHijlan(Mamilah)ProfileSource:NationalGeologicalDatabase;MinistryofIndustryandMineralResources‭‬78,4km2

Licenseareatobeallocated~266

kmAwayfromJeddahSeaportExplorationactivitiesGeologicalmapping,GeophysicalSurvey,Soilsampling,Trenching,Drilling(Au,Pb,Cu)Ccommodities~98kmTaifAsirTerraneGeologicalLocation5MODs,BRGM,USGSandRiofinexDepositTypeOrogenicgold51ExplorationEnablementprogram52ExplorationEnablementProgramAccess685mSAR(US$182m)-LaunchedApril202452CostItemsMinistryofIndustryandMineralResourcesandtheMinistryofInvestmentlaunchedaMineralExplorationEnablementpackagetofosterexplorationactivitiesinKSA.With4keyobjectivesIncentives

UndertheProgramThreshold,%Cap,SARDrilling,LabTestingandGeoscientificStudiesUp-to-25%oftotaldrilling,labtestingandgeoscientificstudiescosts4million(max15applicationspercompany)Talent/LaborUp-to-15%ofsalarycostsofemployees’resident

inKSA1.5million(max5applicationspercompany)Talent/Labor:AdditionalcashincentivetocoverlocalsalarycostsbeyondHRDFcoverage(70%oftotallocalsalarycostsinthefirst2years)(100%oftotallocalsalarycostspost2years)1.5million(max5applicationspercompany)Total20-25%oftotalcosts7.5millionExpandthecapabilitylocaltalentinthefieldofexplorationIdentifynewfrontiersofmineralpotentialongreenfieldareasEnhancegeologicalknowledgewithatinnovativedataacquisitionwithworldclassstandardsStimulatemineralexplorationactivitiesinstrategicandcriticalmineralsinKSA53ExplorationEnablementProgramAccess685mSAR(US$182m)–LaunchedApril2024ComprehensiveGreenfieldExplorationProgram.SpecifymineralsselectedandactivitiestobeundertakenIdentifyoutsourcedactivitiesandtalentrequirementsProvideadetailedbudgetbreakdown2ActiveMineralExplorationLicense.ValidExplorationlicensewithlessthan5years.1LocalCapabilityBuilding.Committonurturinglocaltalentandexpertiseintheminingsector4PriorityClass-AMineralsFocus.Selectmineralsforexplorationfromtheprioritizedclass-Alist(e.g.,Copper,Lithium,Nickel)3ProvenExpertiseandTrackRecord.DemonstratetheavailabilityoftechnicalexpertswithasuccessfultrackrecordingreenfieldexplorationShowcaseexperienceinend-to-endexplorationprojectswithinoroutsideKSA6CommitmenttoLocalServiceProviders.Prioritizeengagementwithlocalserviceprovidersforexplorationactivities554VisitTa’adeenPlatformSource: