Sierra Nevada Gold has established a Saudi Arabian subsidiary, Arabian American Minerals LLC (AAM), marking a critical step in advancing its Middle Eastern expansion.
The formation of AAM serves as the primary operational platform for the company to hold exploration licences and execute drilling programs within the Kingdom of Saudi Arabia.
The move also allows Sierra Nevada to rapidly advance its flagship As Safra copper-gold project.
Ground magnetic surveys are already underway at the site, successfully mapping alteration zones across a mineralised corridor stretching over five kilometres.
Sierra Nevada Executive Director Peter Moore said the new subsidiary allows the company to operate and build vital local partnerships in Saudi Arabia.
“It provides us with a fully operational in-country platform when were are moving rapidly toward drilling at As Safra,” Moore said.
“We do not see any hindrances to this drilling as a result of the Iranian war.”
The establishment of AAM provides SNX with several advantages, including the ability to contract local services directly for government-supported exploration reimbursement programs.
The new subsidiary also algins with Saudi Arabia’s Vision 2030, which seeks to transform the country into a globally competitive mining jurisdiction through international investment.
The formation of AAM follows technical progress at As Afra, where key workflows are already lined up for the coming months.
Systematic mapping and geochemical sampling are defining high-priority drill targets. Multiple zones of high-grade copper and gold mineralisation have been identified.
Meanwhile, Sierra Nevada plans to launch a phase 1 drilling program consisting of approximately 5,000 metres of reverse circulation and diamond drilling.
Detailed gravity and induced polarisation geophysical surveys are also slated to commence shortly, as the company looks to unlock what it describes as district-scale potential at As Safra.
