Ivanhoe Electric and Maaden Add 1,345 Square Kilometers of New Exploration Licenses to Strengthen Exploration Pipeline in Saudi Arabian Joint Venture
Ivanhoe Electric (NYSE American: IE) and Saudi Arabian Mining Company Maaden have expanded their 50/50 joint venture with 1,345 square kilometers of new exploration licenses in Saudi Arabia. The expansion includes the 946 square kilometer Musayna'ah Licenses with Iron Oxide-Copper-Gold characteristics and the 399 square kilometer Mahd Area Licenses adjacent to Maaden's Mahd Ad Dhahab gold mine.
The Joint Venture has completed 510 square kilometers of geophysical surveys in 2025 using Ivanhoe's Typhoon™ system and drilled four holes totaling 2,100 meters across the Al Amar Belt. Plans include continuous Typhoon™ surveying and an additional 4,000 meters of drilling planned for the Wadi Bidah area in 2025.
Ivanhoe Electric (NYSE American: IE) e la Saudi Arabian Mining Company Maaden hanno ampliato la loro joint venture paritetica con 1.345 chilometri quadrati di nuove concessioni esplorative in Arabia Saudita. L'espansione comprende le concessioni Musayna'ah di 946 km² caratterizzate da potenziale Ferro-Ossido-Rame-Oro e le concessioni dell'area Mahd di 399 km², adiacenti alla miniera d'oro Mahd Ad Dhahab di Maaden.
La joint venture ha completato nel 2025 510 km² di indagini geofisiche con il sistema Typhoon™ di Ivanhoe e ha perforato quattro fori per un totale di 2.100 metri lungo la cintura di Al Amar. I piani prevedono il proseguimento delle prospezioni con Typhoon™ e ulteriori 4.000 metri di perforazioni nell'area di Wadi Bidah nel 2025.
Ivanhoe Electric (NYSE American: IE) y la Saudi Arabian Mining Company Maaden han ampliado su empresa conjunta al 50/50 con 1.345 kilómetros cuadrados de nuevas licencias de exploración en Arabia Saudita. La expansión incluye las licencias Musayna'ah de 946 km² con características de óxidos de hierro-cobre-oro y las licencias del área Mahd de 399 km² adyacentes a la mina de oro Mahd Ad Dhahab de Maaden.
La joint venture completó en 2025 510 km² de estudios geofísicos usando el sistema Typhoon™ de Ivanhoe y perforó cuatro pozos que suman 2.100 metros a lo largo del cinturón Al Amar. Los planes incluyen continuar los sondeos con Typhoon™ y realizar 4.000 metros adicionales de perforación en el área de Wadi Bidah en 2025.
Ivanhoe Electric (NYSE American: IE)와 사우디 아라비아 광산회사 Maaden은 50/50 합작투자를 확대해 사우디아라비아에서 1,345평방킬로미터 규모의 신규 탐사허가를 추가했습니다. 이번 확장에는 철산화물-구리-금(Oxide-Copper-Gold) 특성을 보이는 946 km²의 Musayna'ah 라이선스와 Maaden의 Mahd Ad Dhahab 금광과 인접한 399 km²의 Mahd 지역 라이선스가 포함됩니다.
합작사는 2025년에 Ivanhoe의 Typhoon™ 시스템을 사용해 510 km²의 지구물리학적 조사 를 완료했으며 Al Amar 벨트에서 총 2,100미터의 심공 네 개를 시추했습니다. 계획에는 Typhoon™ 조사의 지속 실행과 2025년 Wadi Bidah 지역에서 추가로 4,000미터의 시추가 포함됩니다.
Ivanhoe Electric (NYSE American: IE) et la Saudi Arabian Mining Company Maaden ont étendu leur coentreprise à 50/50 en ajoutant 1 345 kilomètres carrés de nouvelles licences d'exploration en Arabie saoudite. L'extension comprend les licences Musayna'ah de 946 km² présentant des caractéristiques oxyde de fer-cuivre-or et les licences de la zone Mahd de 399 km² adjacentes à la mine d'or Mahd Ad Dhahab de Maaden.
La coentreprise a achevé en 2025 510 km² d'enquêtes géophysiques avec le système Typhoon™ d'Ivanhoe et a foré quatre trous totalisant 2 100 mètres le long du corridor d'Al Amar. Les plans prévoient la poursuite des relevés Typhoon™ et 4 000 mètres supplémentaires de forage dans la zone de Wadi Bidah en 2025.
Ivanhoe Electric (NYSE American: IE) und die Saudi Arabian Mining Company Maaden haben ihr 50/50-Joint-Venture um 1.345 Quadratkilometer neue Explorationslizenzen in Saudi-Arabien erweitert. Die Erweiterung umfasst die 946 km² großen Musayna'ah-Lizenzen mit Eisenoxid-Kupfer-Gold-Charakteristika und die 399 km² großen Mahd Area-Lizenzen in unmittelbarer Nähe zur Mahd Ad Dhahab-Goldmine von Maaden.
Das Joint Venture hat 2025 510 km² geophysikalischer Untersuchungen mit Ivanhoes Typhoon™-System abgeschlossen und vier Bohrlöcher mit insgesamt 2.100 Metern entlang des Al Amar-Gürtels niedergebracht. Geplant ist die kontinuierliche Typhoon™-Vermessung sowie weitere 4.000 Meter Bohrungen im Wadi Bidah-Gebiet im Jahr 2025.
- None.
- Initial drilling at Al Amar yielded only narrow intervals of mineralization
- Extensive exploration work still required to confirm commercial viability
- Historical drilling showed only low-grade copper mineralization in some areas
Insights
Ivanhoe Electric expands Saudi exploration footprint by 1,345 km² in promising mineral-rich areas, enhancing future discovery potential.
Ivanhoe Electric's joint venture with Maaden has significantly strengthened its exploration pipeline in Saudi Arabia with the addition of 1,345 square kilometers of new exploration licenses. The expansion includes 946 square kilometers in the Musayna'ah area exhibiting classic Iron Oxide-Copper-Gold (IOCG) characteristics, and 399 square kilometers near the historic Mahd Ad Dhahab gold mine.
The Musayna'ah licenses are particularly noteworthy as they contain a seven-kilometer-long anomalous copper footprint with limited previous exploration but proven mineralization. The company's proprietary Typhoon™ geophysical technology is being deployed across these vast areas to identify drill targets more efficiently than traditional methods.
The Mahd Area Licenses adjacent to the "Cradle of Gold" mine (with 3,000+ years of production history) present immediate exploration opportunities. Historical shallow drilling has already identified gold mineralization with associated copper and zinc, suggesting potential for significant discoveries at depth.
The joint venture has completed 510 square kilometers of Typhoon™ surveys and 2,100 meters of drilling in 2025, with plans for an additional 4,000 meters at Wadi Bidah targeting volcanic-hosted massive sulfide deposits. This methodical approach of surveying first, then targeted drilling, maximizes capital efficiency in exploration.
Saudi Arabia represents an emerging frontier for mineral exploration under its Vision 2030 initiative. The country's historically underexplored Arabian Shield geological terrain contains significant potential for critical metals discoveries, positioning Ivanhoe Electric strategically in a region undergoing rapid mining sector development.
Musayna'ah Licenses Include 946 Square Kilometers Exhibiting Strong Iron Oxide-Copper-Gold Characteristics
Mahd Area Licenses Include 399 Square Kilometers Adjacent to Maaden's Mahd Ad Dhahab Gold Mine
Phoenix, Arizona--(Newsfile Corp. - September 4, 2025) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to announce that Saudi Arabian Mining Company Maaden ("Maaden") (Saudi Stock Exchange Tadawul: 1211) has made available an additional 1,345 square kilometers of exploration licenses to Ivanhoe Electric's 50/50 joint venture (the "Joint Venture") with Maaden (Figure 1).
The Musayna'ah Licenses demonstrate a significant footprint of Iron Oxide-Copper-Gold ("IOCG")-type alteration and mineralization. The Mahd Area Licenses are adjacent to Maaden's Mahd Ad Dhahab gold mine, and host shallow gold mineralization with the potential for precious and base metal mineralization beneath the limits of shallow historical drilling.
Mr. Friedland commented: "The Kingdom of Saudi Arabia has now become one of the most prospective and active frontiers for mineral exploration anywhere on the planet. That is a result of its dynamic leadership and its Vision 2030, which looks to make mining a key pillar of the Saudi economy through creating extraordinary opportunities to explore for critical metals in one of the most underexplored, yet richly endowed, geological terrains on Earth. We are proud to be at the forefront of this opportunity with our Joint Venture partner, Maaden. Together with Maaden, we have already explored hundreds of square kilometers of ground with our powerful Typhoon™ geophysical surveying technology. We are thrilled that Maaden is today making available to our Joint Venture further prospective lands, as we work together with our talented teams of professionals to unlock the vast mineral potential in Saudi Arabia."
Mr. Melvin commented: "Maaden's contribution of new, prospective exploration licenses to our Joint Venture is a testament to their confidence in our technology-driven exploration platform, and our Joint Venture's success in efficiently deploying that technology across large areas in Saudi Arabia. Our Joint Venture's team of experienced geologists and geophysicists is actively surveying new areas in the Arabian Shield, rapidly converting data into drill-ready targets. The addition of these new exploration licenses enhances our outlook for future discoveries."
The Musayna'ah Licenses, totaling 946 square kilometers, encompass an area exhibiting the characteristics and widespread mineralization and alteration assemblages typical of IOCG deposits. Exploration work by Maaden has defined several large areas of highly anomalous copper in soil geochemistry, where earlier exploration drilling intersected widespread low-grade copper mineralization, and localized higher-grade domains associated with structures (Figure 2). Only a small portion of the approximately seven-kilometer-long main anomalous footprint has been explored.
The La Huf, Mahd, and Baara Exploration Licenses (the "Mahd Area Licenses") comprise 399 square kilometers adjacent to Maaden's Mahd Ad Dhahab gold mine, known as the "Cradle of Gold", and which has been in production for over 3,000 years (Figure 3). Historical exploration by Maaden included shallow drilling primarily aimed at defining near-surface gold deposits, which intersected gold mineralization with associated copper and zinc. The licenses are prospective for additional precious and base metal mineralization beneath the limits of shallow historical drilling.
Figure 1. Plan view map of southwest Saudi Arabia, showing the new Exploration Licenses, existing Exploration Licenses and Exploration License Applications, and licenses surveyed to date by Typhoon™.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3868/265041_316e23ee34cdeb7e_002full.jpg
Figure 2. Plan view map of the Musayna'ah Licenses and copper in soil geochemistry.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3868/265041_316e23ee34cdeb7e_003full.jpg
Figure 3. Plan view map of the Mahd Area Licenses adjacent to Maaden's "Cradle of Gold" mine and gold in soil geochemistry.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3868/265041_316e23ee34cdeb7e_004full.jpg
Multiple Typhoon™ units are active across the Arabian Shield with 4,000 meters of additional drilling planned for the rest of 2025.
To date in 2025, the Joint Venture has completed approximately 510 square kilometers of geophysical surveys using Ivanhoe Electric's advanced Typhoon™ system and drilled four holes totaling approximately 2,100 meters across the Al Amar Belt. Drilling at Al Amar hit narrow intervals of low- to high-grade base and precious metals mineralization associated with Typhoon™-identified anomalies at depths of up to one kilometer.
For the balance of 2025, the Joint Venture currently plans continuous Typhoon™ surveying at Wadi Bidah and Musayna'ah licenses, with the Mahd Area Licenses already having received the first 31 square kilometers of Typhoon™ surveying at the La Huf license. This surveying is in addition to ongoing geological work, geochemical sampling, ground gravity and ground magnetic surveying.
Detailed planning is underway for a drill program of up to 4,000 meters at the Wadi Bidah area, where fieldwork and Typhoon™ surveys have identified a multi-kilometer trend prospective for volcanic-hosted massive sulfide-type mineralization.
Qualified Person
Disclosures of a scientific or technical nature included in this news release have been reviewed, verified, and approved by Charles N. Forster, P.Geo., who is a Qualified Person as defined by Regulation S-K, Subpart 1300 promulgated by the U.S. Securities and Exchange Commission and by Canadian National Instrument 43-101. Mr. Forster is a Senior Advisor to Ivanhoe Electric.
About Ivanhoe Electric
We are a United States domiciled minerals exploration company with a focus on developing mines from mineral deposits principally located in the United States. We seek to support American supply chain independence by finding and delivering copper and other critical metals vital to advanced manufacturing, infrastructure development, technology, and national security. We use our powerful Typhoon™ geophysical surveying system, together with advanced data analytics provided by our
Website: www.ivanhoeelectric.com
About Maaden
Maaden is the largest multi-commodity mining and metals company in the Middle East and among the fastest-growing mining companies in the world, with revenues of SAR 40.2 billion (US
Website www.maaden.com
Contact Information
Mike Patterson
Vice President, Investor Relations and Business Development
Email: mike@ivnelectric.com
Phone: 1-480-601-7878
Follow us on X
Ivanhoe Electric's Executive Chairman Robert Friedland: @robert_ivanhoe
Ivanhoe Electric: @ivanhoeelectric
Ivanhoe Electric's investor relations website located at www.ivanhoeelectric.com should be considered Ivanhoe Electric's recognized distribution channel for purposes of the Securities and Exchange Commission's Regulation FD.
Forward-Looking Statements
Certain statements in this news release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable U.S. and Canadian securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Ivanhoe Electric, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict", "target", "project" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect Ivanhoe Electric's current expectations regarding future events, performance and results and speak only as of the date of this news release.
Such statements in this news release include, without limitation: the potential for a mineral discovery at depth or otherwise on exploration licenses in Saudi Arabia, continuous Typhoon™ surveying at Wadi Bidah and Musayna'ah licenses for the balance of 2025, completion of drilling of 4,000 meters at the Wadi Bidah area in 2025 and the results of surveying, drilling and other exploration activities.
Forward-looking statements are based on management's beliefs and assumptions and on information currently available to management. Such statements are subject to significant risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including changes in the prices of copper or other metals Ivanhoe Electric is exploring for; the results of exploration and drilling activities and/or the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations; the final assessment of exploration results and information that is preliminary; the significant risk and hazards associated with any future mining operations, extensive regulation by the U.S. government as well as local governments; changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with Ivanhoe Electric to perform as agreed; and the impact of political, economic and other uncertainties associated with operating in foreign countries, and the impact of the COVID-19 pandemic and the global economy. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements and risk factors described in Ivanhoe Electric's Annual Report on Form 10-K filed and other disclosures with the U.S. Securities and Exchange Commission.
No assurance can be given that such future results will be achieved. Forward-looking statements speak only as of the date of this news release. Ivanhoe Electric cautions you not to place undue reliance on these forward-looking statements. Subject to applicable securities laws, Ivanhoe Electric does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release, and Ivanhoe Electric expressly disclaims any requirement to do so.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265041
FAQ
What new exploration licenses did Ivanhoe Electric (IE) acquire in Saudi Arabia?
How much drilling has IE completed in the Al Amar Belt in 2025?
What are IE's exploration plans for the rest of 2025?
What technology is Ivanhoe Electric using for exploration in Saudi Arabia?
What type of mineralization is present in the Musayna'ah Licenses?
