AuKing Mining Ltd (AU:AKN) has released an update.
AuKing Mining Limited, in partnership with Barg Alsaman Mining Company, has announced its participation in Saudi Arabia’s 5th Licensing Round, aiming to secure exploration licenses for areas rich in gold, copper, silver, and other base metals within the Arabian Shield region. This move aligns with Saudi Arabia’s Vision 2030 to diversify its economy and boost non-oil revenues, with the mining sector becoming increasingly significant. Successful bids are set to contribute to the Kingdom’s goal of reducing imports and creating job opportunities by 2030.
For further insights into AU:AKN stock, check out TipRanks’ Stock Analysis page.
