South West Pinnacle secures exploration and mining rights for Oman’s Block 22B

South West Pinnacle Exploration Ltd., through its joint venture company Al Hadeetha Mining LLC (AHML), has been awarded the exploration and mining rights for Block 22B in IZKI Town, Oman. The block, spanning 1,452 square kilometers, is rich in minerals such as copper, gold, silver, chromite, and basalt.

The concession agreement was signed on January 22, 2025, in the presence of Oman’s Minister of Energy and Minerals, His Excellency Eng. Salim Bin Nasser Aloufi. The agreement outlines a two-phase project: an exploration phase lasting three years with potential extensions and a 15-year exploitation phase post-commercial viability approval.

Advertisement

Key Details:

  • Project Location: Block 22B, North Sharquiyah Governorate, Oman.
  • Minerals: Copper, gold, silver, chromite, and basalt.
  • Phases:
    • Exploration: 3 years, extendable by two 3-year terms.
    • Exploitation: 15 years post-exploration.

AHML, a joint venture of South West Pinnacle (17.5% stake), Alara Oman Operations Pty Ltd., Al Tasnim Mining LLC, and Al Hadeetha Investment Services LLC, aims to leverage Oman’s rich geological resources. The area includes the Semail Nappe, one of the world’s best-preserved ophiolite sections.