Insight
Metal Bank Limited (MBK) offers a mandatory investment option that is powered by its copper-oriented growth strategy, aimed at much needed projects in the Middle East region.
Overview
Metal Bank (ASX: MBK) is a growth-oriented explorer who deals with copper and gold exploration and development in Australia, Saudi Arabia and Jordan.
The focus in the short term of the company is on optimizing and disposing of the Livingstone Gold project to generate capital for expanding its copper projects in the Middle East. The strong regional presence of Metal Bank, especially in Saudi Aarabia and Jordan, is supported by deep industrial relationships and extensive operational experience.
In the short term, MBK carries out its strategy in the Middle East and North Africa (Mena), aimed at Saudi -Arabia and Jordan. The strategy includes securing copper and other critical mineral projects in Saudi Arabia, via its joint venture company, consolidated mining company (CMC). CMC is 60 percent owned by MBK and 40 percent by the Central Mining Company. The first project, Wadi Al Junah, received exploratory licenses in November 2024. MBK has also identified various new areas of interests and exploration perceptions. MBK is also in a discussion with third parties who hold exploratory licenses for possible cooperation/joint ventures.
In Jordan, important similarities have been established for copper exploration within historical mining areas. The three copper project areas awarded in Jordan are Malaqa, area 47 and area 65. Two of these projects are in areas with historical mining activities, while the third is very prospect for large -scale copper covered.
The leadership team brings a proven track record in the field of exploratory success and project implementation and positions the company for making value in the critical mineral market in the long term.
Highlights of the company
- Strategically focused on copper exploration and development, utilizing extensive experience and partnerships in the Mena region. Strives for long -term growth of copper activa.
- Focused on the Livingstone Gold project disinvestment, with the current Jorc Resource optimization and strong interest in business recruitment. If diverted, the proceeds are intended for exploring the Copper projects of the company.
- Expansion in Saudi Arabia by continuing the Wadi Al Junah Copper project through a joint venture with Central Mining Holding Company.
- Disciplined approach to capital allocation was aimed at low overhead costs and investments in the land.
- The company’s leadership team brings a proven track record in Saudi Arabia and Australia of exploratory success and project implementation, so that the company is positioned for making value in the critical mineral market in the long term.
Important projects
Livingstone Gold Project (West -Australia)
Multiple prospects at Livingstone Gold Project
The Livingstone Gold Project is an advanced gold survey project of 140 km northwest of Meekatharra in West -Australia. The project comprises 395 km² in the Bryah-Padbury basin. The project organizes a JORC 2012 -Source of 40,300 oz gold (home) and 30,500 oz gold (Kingsley). Exploration -efforts include geophysical mapping, RC -drilling and more than 40 km of strike target reviews. The company updates source models and performs pit optimization. Strong Bedrijfzelang has led to discussions to speed up disinvestment, with the proceeds to finance Mena activities.
The project has several advanced gold goals, so far insufficiently tested, including Hilltop, Stanley, Winja, Winja West, VHF and Kirba, moreover, independent experts have identified more than 10 regional Greenfields goals with 40 km of potential strike length.
Wadi Al Junah Project (Saudi -Arabia)
Wadi Al Junah, a VMS-Zek-Gold-Gold-Silver project of 427 square kilometers, is a joint venture via consolidated mining company (CMC, MBK 60 percent). Exploration activities include regional geochemical surveys, surface mapping and shear zone-anomaly identification. Phase 1 drilling is planned for Q2 2025.
The Wadi Al Junah project is 35 km east of the deposit of the Al Hajar Gold-Silver (Koper-Zink) that was previously mined by Saudi’s state-owned company, Ma’aden, and is close to the most important regional center and the airport of Bisha. In the sixties and seventies, the project received a very limited rock chip sampling as part of regional scale mapping work. With results of a maximum of 1.53 percent copper, 0.44 grams per ton (G/T) Gold and 160 g/t silver. MBK wants to define borders in preparation for initial drilling programs.
Metal Bank uses its extensive history in Saudi Aarabia and pursue extra home requests and joint venture partnerships. The country established a new mining code in 2021, making minister -friendly regulations and a system for repaying exploratory consumption for approved projects.
Jordan Copper Projects – Malaqa, area 47 and area 65
This three-project portfolio is aimed at large-scale copper exploration. The Malaqa project has demonstrated copper mineralization for a strike of 800 meters by means of chip and canal sampling. Area 47 has a geochemical anomaly of 4 square km that is indicative of mineralization in porphyry style, while area 65 is a bulk-tonnage copper-oxide goal. Metal Bank is planning a drilling campaign in 2025 and also assesses the local opportunities for joint venture to continue these three projects.
Millennium Project (Queensland)
Rock monster from the Millennium Project
This Cobalt-Copper-Gold project has a Jorc 2012 derived source of 8.4 MT at 0.09 percent cobalt, 0.29 percent copper and 0.12 g/t gold. Recent re -analysis of historic cores revealed high -quality graphite crossings (eg 56 m at 18.29 percent graphite). The project is on awarded mining and offers polymetallic potential. Metal Bank also plants metallurgical testing and drilling to expand both the copper and graphite sources.
Management team
Inés Scotland – Executive Chair
Inés Scotland has more than 20 years of experience in the mining industry, which has worked with large gold and copper companies in Australia, Papua -NEW -Guinea, the US and the Central East. Her career includes roles with Rio Tinto companies such as Comalco, Lihir and Kennecott Utah Copper. In particular, she was the director and CEO of Citadel Resource Group Limited, where she led the development of the Jabal Sayid Copper project in Saudi -Arabia. Under its leadership, Citadel grew into a market capitalization of $ 1.3 billion before the acquisition by Equinox Minerals in January 2011. She was also director and CEO of Ivanhoe Australia, an ASX-Gente company with a market capitalization of $ 500 million. Scotland was appointed on August 13, 2013 as chairman of Metal Bank Limited.
Guy Robertson – Executive Director
Guy Robertson offers more than 30 years of experience as a chief financial officer, business secretary and director of both public and private companies in Australia and Hong Kong. His earlier roles include serving as Chief Financial Officer and General Manager of Finance for organizations such as Jardine Lloyd Thompson, Colliers International and Franklins. He has more than a decade experience with ASX-Genten mineral exploration companies and currently has boardships with Hastings Technology Metals, Greentech Metals, Artemis Resources and Alien Metals. Robertson was appointed on 17 September 2012 as executive director of Metal Bank.
Sue-Ann Higgins company Secretary and Executive Director
Sue-Ann Higgins is an experienced manager with more than 25 years in the mining industry. She has held senior legal and commercial roles with companies such as Arco Coal Australia, WMC Resources, Oxiana and Citadel Resource Group. Her expertise includes governance and compliance, mergers and acquisitions, share capital markets and mineral exploration, development and operations. Higgins was appointed as business secretary on 21 August 2013 and became executive director on 24 February 2020.
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