Power Metallic Mines Inc. (“PNPN”) announced it has been awarded the exploration licence for the Jabal Baudan project, located within Saudi Arabia's Jabal Sayid Belt. Jabal Baudan is located ~150km south of Jeddah and is supported by Saudi Arabia’s US$182m Exploration Enablement Programme (“EEP”), which provides funding of up to US$2m per licence (max 15 licences per company). The initiative is designed to accelerate greenfield exploration and attract investment into Saudi Arabia’s mining indust ....
