>75Moz
Defined gold equivalent of the Nubian Shield, a near geological mirror of the Arabian Shield, despite limited and mostly artisanal exploration and extraction.
>25Moz
Defined gold equivalent of the Arabian Shield. With modern exploration now enabled by political will, the potential for major new gold and copper discoveries is evident.
SAUDI VISION 2030
In 2016, Mohammed bin Salman, now Saudi Arabia’s Crown Prince, unveiled Vision 2030.
The plan represents not just an economic strategy, but a comprehensive reimagining of the country’s future, making its success crucial for the country's long-term stability and prosperity.
A key pillar of Vision 2030 is the diversification and growth of the Saudi Arabian economy. Recognising the significant value locked in their subterranean ore bodies, the government set about transforming its mining sector, creating an attractive environment for foreign exploration and investment.
SAUDI VISION 2030
Saudi government announces plans to attract $18 billion in mining investments by 2020
FISCAL REGIME & INCENTIVES
Attractive fiscal regime
- 100% foreign ownership
- 1-4.5% royalty with 1-5 year holiday
- 20% corporate, 5% div. withholding tax
Incentivised exploration
- US$182m explo. incentive budget
- Up to US$2m ~40% net back per permit
- Gov. debt for up to 75% of capex
Access to geological data
- Large areas of unstaked ground
- Geophys, geochm, mapping
- >3,750 digitised legacy reports
Feasible permitting
- Competitive auctions (no setup)
- Low staking / holding greenfield cost
- Options for JV and acquisition
Low-friction logistics
- Limited vegetation and population
- Expansive sealed road network
- Low cost diesel and electricity
Unique geology
- ~45%: VMS (Cu-Au Zn)
- ~40%: Orogenic (Au)
- ~15%: Porphyry-epithermal (Cu-Au)