South West Pinnacle Exploration Limited — Important, 23-01-2025: Updates

South West Pinnacle Exploration Ltd, through its joint venture Al Hadeetha Mining LLC (AHML) in Oman, has secured a concession agreement for exploration and mining of Block 22B in IZKI Town. This expansive area spans 1452 km² and is rich in minerals such as copper, gold, silver, chromite, and basalt. The exploration is set to commence in two phases: the first phase will last three years with options for two extensions, followed by a second phase focused on exploitation once commerciality is declared. AHML, with a 17.5% stake from South West Pinnacle and a successful track record notably from the Al Wash-hi Al Majaza Project, aims to leverage this new agreement to enhance growth and innovate in Oman’s mining sector, aligning with the country’s Vision 2040 objectives. The project holds strong potential for further mineral discoveries, indicating a positive outlook for the company and its investors.