Almasar Minerals CEO Dr Brock Salier joined Proactive to discuss the company's exploration strategy in Saudi Arabia, its investment case and a planned ASX IPO targeted for mid-August.
Salier explained that Almasar has built a portfolio of five exploration licences covering around 420km², targeting geological settings the company believes are comparable with major mineral belts across Egypt, Sudan and Eritrea. The approach combines regional geological analysis, government datasets and field reconnaissance to prioritise targets across both gold and copper opportunities.
Funds from the planned capital raise will support a two-year exploration programme starting with cost-effective techniques before accelerating expenditure on promising discoveries. "We want to get out there with the ground magnetics, the auger rigs, the very quick RC drilling, the soil sampling and almost brute force our way through," Salier said.
The interview also covered the significance of the southern licence cluster, the potential of the northern licence, and why Almasar selected the ASX for its listing, with the roadshow process already underway ahead of a mid-August trading debut.
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