Ann: Khnaiguiyah Licence Bid Final Stage Live Broadcast, page-145

this is the first auction of its kind in Saudi for a license mainly because this tenement has known reserves thanks to Alara’s JORC Reserve study. As for the mining license being awarded anyone who has a JORC study like Alara is pretty much guaranteed to convert it into a mining license.


I would not count us out yet, the fact that we stuck out this far and reached around $40 million AUD ( more than our current Market cap) just shows how our management and Tasnim are committed to getting this project.

Best of luck for us tomorrow!