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Highlights
Power Nickel receives exploration licence for Saudi Arabia’s Jabal Baudan Project.
The project lies within the Jabal Sayid mineralised belt, known for volcanic sulphide deposits.
Supported by Saudi Arabia’s Exploration Enablement Program to accelerate geological initiatives.
Power Nickel , a Canadian mineral exploration company listed on the All Ordinaries, has marked its entry into the Saudi Arabian mining space through a recently awarded exploration licence. This strategic acquisition covers the expansive Jabal Baudan Project, located within the renowned Jabal Sayid mineralised belt.
Jabal Baudan: A Premier Exploration Zone
The Jabal Baudan Project spans a large area within one of Saudi Arabia's key geological belts known for significant massive volcanic sulphide systems. The region hosts notable deposits such as the Jabal Sayid Mine and the Umm ad Damar deposit. Among the seven exploration packages offered in the area, Jabal Baudan stands out as the most extensive, reflecting its geological importance.
One of the Few International Entrants
The successful licence award positions Power Nickel as one of a limited number of international mineral explorers granted concession access under Saudi Arabia’s highly selective bidding process. This inclusion reinforces the company’s credibility and readiness to operate in competitive and resource-rich jurisdictions.
CEO Commentary and Strategic Vision
Terry Lynch, CEO of Power Nickel, characterised the development as a crucial advancement in the company's expansion strategy. The licence aligns with its objective of extending mineral exploration activity into emerging, resource-abundant regions with supportive frameworks for foreign participation.
Planned Exploration and Methodology
Exploration work at Jabal Baudan will commence with a systematic compilation and reconnaissance phase, followed by targeted campaigns in zones assessed to carry high geological interest. The company plans to incorporate advanced exploration technologies aimed at enhancing efficiency while complying with the Kingdom's operational and environmental regulations.
Support from Exploration Enablement Program (EEP)
Jabal Baudan is backed by Saudi Arabia’s Exploration Enablement Program, an initiative designed to encourage and de-risk mineral exploration activities through structured support. The program aids licence holders with financial and technical resources, including direct grants per concession. Participation in the EEP will allow Power Nickel to fast-track its understanding of the project area’s geological profile, potentially leading to early-stage prioritisation of exploration zones.
Company Background and Broader Portfolio
Power Nickel’s portfolio includes the Nisk Project in Canada, which is focused on minerals such as nickel, copper, platinum group elements, gold, and silver. This diversification strategy enables the company to balance projects across continents and geological settings while pursuing growth through both domestic and international opportunities.
Forward-Looking Exploration in a Strategic Region
Power Nickel’s presence in Saudi Arabia highlights a strategic geographic expansion and reflects a broader movement of resource companies seeking to operate in the Kingdom, which continues to modernise and expand its mining sector through foreign collaborations and infrastructure incentives. With a large-scale project in one of the most mineral-rich belts of the region, Power Nickel is poised to undertake its next stage of operations with institutional support and technical readiness.
