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Mari Energies discovers significant copper-gold reserves near Reko Diq

Business Recorder • • 1 min read

Mari Energies discovers significant copper-gold reserves near Reko Diq

Mari Energies has reported a copper-gold discovery at East Siah Diq in Balochistan’s Chagai district, through its wholly owned subsidiary Mari Minerals, Business Recorder reported. The prospect lies about 50 kilometres east of the Reko Diq development and 25 kilometres northwest of Nokkundi, near the Siah Diq Project.

Mari Minerals has drilled approximately 25,000 metres at the target in two phases, with results indicating a new porphyry copper discovery. The company said more drilling, geological work, metallurgical testing, resource assessment and technical studies are needed to determine the deposit’s scale, quality and commercial potential. The announcement follows an agreement signed a day earlier with Ivanhoe Atlantic to explore copper and gold deposits in Chagai.

At a glance

  • Mari Minerals reported a porphyry copper discovery at East Siah Diq.
  • The exploration programme has included approximately 25,000 metres of drilling.
  • Further studies are needed to establish the deposit’s size and economic potential.

Stocks in this story

Sectors:Oil & Gas Exploration Companies

Originally reported by Business Recorder

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