The Group has already signed multiple JVs with the world's leading players in the Mining and Metals sectors and continues to attract foreign direct investments.
The Khnaiguiyah Zinc, Copper and Manganese Projects:
Khnaiguiyah Project is a vital contributor to Saudi Arabia’s Vision 2030, situated 170 km southwest of Riyadh. The project is currently in advanced stages of development.
Following the Ministry of Industry and Mineral Resources’ (MIM) announcement that the Consortium of Moxico Ajlan & Bros Mining had successfully secured the
project through the first auction, wih winning bid of USD 68 million, the consortium swifty commenced operations.
Since winning the auction, Moxico Ajlan JV have created excellent value by expanding KHN resources to 66 MT that supports 4 MT/Y throughput mining operation. KHN is commencing Mn concentrate production in Q2 2025.
Zinc and Copper Plant: Designed to produce over 4 mtpa, the plant is in the final stages of engineering design.Construction is expected to commence in Q2 2025,
with production anticipat anticipated by Q1 2027.
This phased development underscores the consortium's dedication to fulfilling its commitments while advancing a project of national and strategic significance.
- Capex Investment: 2.4B SAR
Bir Umq license
The Bir Umq exploration license was awarded to the Norin Ajlan & Bros Consortium in January
2024, with a focus on mining activities targeting key minerals such as gold, copper, and zinc. This
followed the announcement by the Ministry of Industry and Mineral Resources (MIM), confirming
that the Norin Ajlan & Bros Consortium had successfully secured the project through a competitive
auction process.
Since then, the consortium has actively engaged with local communities, assembled
its project teams, and initiated comprehensive exploration activities. This demonstrates
the consortium's commitment to delivering on its promises while advancing the project
efficiently.
Key milestones, including surface sampling, trenching, geological mapping, and geo-
chemical sampling, have been successfully completed. The next phase is to commence
the drilling program, scheduled to begin in early 2025.
Milestones of Project
Mining Cooperation & Exploration
Ajlan & Bros Mining currently holds seven exploration licenses within the Kingdom,where
we have commenced exploration activities focused on gold and base minerals. In parallel, we
are actively assessing opportunities for expanding into other mineral sectors, including
industrial minerals. Furthermore, the Khunaiqiyah and Bir Umq sites have progressed to
advanced stages of development.
The group, in partnership with its collaborators, is actively gathering geological data for the six
exploration sites with the objective of estimating reserve quantities and conducting an economic
feasibility study on the gold and base metal ores. The sites are as follows:
Umm Maru and Jabal Umm Surayakh
These two exploration sites are located within the Riyadh administrative region and are part of the
Halaban Complex, characterized by gabbro and diorite rocks, along with significant granite formations. Surface sampling, trenching, geochemical sampling, and ground magnetic geophysics have
been completed. We are scheduled to commence diamond drillingin 2024.
Dalfa and Ghrab
These exploration sites are situated on rock formations belonging to the Halaban Complex, with
gabbro and diorite dominating the outcropping units, alongside a wide range of granitic intrusions.
Pilot trenching and reverse circulation (RC) drilling have been conducted.
Further exploration efforts, including diamond drilling and geophysical surveys, are planned for
2024.
Masana Masagha
Exploration sitelocated in the Asir region, this site is dominated by diorite, granite, and granodiorite
rocks. Quartz veining within coarse granitic units is associated with shear zones and mafic
dykes. Sulfide mineralization is rare, with some areas showing iron oxide alteration and traces of
sulfides and malachite. Surface sampling, trenching, and geochemical sampling have been completed