Kenz Global Resources Ltd. is pleased to be named among the winning consortia in Saudi Arabia’s largest-ever mineral exploration licensing competition, as announced by the Ministry of Industry and Mineral Resources. Kenz, together with Manahil Al-Sharq Mining and Rayyan Mining Resources, was awarded exploration licenses within highly prospective mineralized belts covering gold and strategic metals.

This landmark competition awarded 172 sites to 24 local and international companies and consortia, with committed exploration spending exceeding SAR 671 million in the first two years. The awarded areas form part of the Ad-Duwayhi/Nabitah, Nuqrah, and Sukhaybarah–As-Safra belts—regions known for gold, copper, silver, zinc, and nickel mineralization.

Kenz’s participation underscores its role as a leading foreign exploration platform aligned with Saudi Vision 2030, contributing capital, technical expertise, and long-term commitment to unlocking the Kingdom’s mineral potential.