Mari Energies reports a significant copper-gold discovery at the East Siah Diq target
Operations UpdateMari Energies announced that its wholly owned subsidiary, Mari Minerals, has made a new porphyry copper discovery at the East Siah Diq (ESD-1) target in Chagai, Balochistan. Phase 1A drilling intersected copper-style mineralization beneath overburden across an area of approximately 1.4 square kilometres. Further drilling, assays, technical studies and resource estimation are needed to determine the discovery’s scale, continuity and economic potential.
Key Findings
- Mari Minerals completed approximately 25,000 metres of exploration drilling in Phase 1A and Phase 1B; the 500-metre vertical holes were drilled to test the ESD-1 target.
- Phase 1A assay results report copper intercepts along the full length of intersected bedrock, with no cut-off grade applied; Phase 1B drilling and assays were ongoing.
- The company describes ESD-1 as a new porphyry copper discovery, with mineralization intersected beneath approximately 100 metres of unconsolidated overburden and extending across approximately 1.4 square kilometres.
- The target is approximately 50 kilometres east of the Reko Diq copper-gold mine development project and 25 kilometres northwest of Nokkundi.
- Deeper drilling is expected to test below 500 metres, where mineralization remains open; an initial geological model and resource estimate will be developed after Phase 1A and Phase 1B results are assessed.
Disclosure Details
Expected Completion Date
Q1 2027
Entities Involved
Mari Energies Limited, Mari Minerals (Private) Limited, East Siah Diq (ESD-1) target
Impact
A new porphyry copper discovery has been reported at ESD-1, with potential scale, grade continuity and economic significance yet to be established.
Risks
Further drilling, geological interpretation, metallurgical test work, resource estimation and technical studies are required before the discovery’s scale and economic potential can be determined. Exploration results are not indicative of a Mineral Resource or Mineral Reserve.
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.
