Is Oman The Newest Frontier To Open In Copper And Gold?

0
Is Oman The Newest Frontier To Open In Copper And Gold?

Is Oman The Newest Frontier To Open In Copper And Gold? by Dave Forest, Pierce Points

Licensing is a major part of the global chess game that is minerals exploration. With shifting rules around picking up and working ground being one of the biggest factors in opening up potential for billion-dollar discoveries.

And this week it looks like things are getting favorable in one off-the-path locale. Which has the right rocks to yield some important finds in both copper and gold.

Despite 60% Loss On Shorts, Yarra Square Up 20% In 2020

Yarra Square Investing Greenhaven Road CapitalYarra Square Partners returned 19.5% net in 2020, outperforming its benchmark, the S&P 500, which returned 18.4% throughout the year. According to a copy of the firm's fourth-quarter and full-year letter to investors, which ValueWalk has been able to review, 2020 was a year of two halves for the investment manager. Q1 2021 hedge fund Read More


The Middle Eastern nation of Oman.

Local press in that country reported Sunday that significant progress is being made on a modern licensing regime for exploration. With key advisors to the government taking some important steps to support activity over the coming years.

That’s happening because Oman is currently in the process of overhauling its minerals sector. In a bid to diversify the economy and capitalize on the country’s known prospectivity.

And high-level officials in the local mining sector — who are advising on the changing exploration rules — made some critical recommendations this week. Urging the government to implement speedy processing of mineral applications under the new regime.

These advisors correctly noted that a clear and simple path to license approval is needed to make projects in Oman attractive. With these professionals cautioning the government that processing should take no more than three to six months.

If such suggestions do get taken up by the government, it would bring Oman’s exploration industry into the modern age. And represent a very interesting opportunity for global project developers — given the country’s prime positioning in regard to other known minerals destinations.

As the map below shows, Oman lies alongside the world-class copper and gold fields of southeastern Iran. The country is also along strike from numerous prospective deposits in Yemen.

Given the low level of historic work here, there’s a lot of room to run. Watch for more announcements on the new licensing regime leading up to a planned minerals conference in Oman during January 2017.

Here’s to speedy service,

Dave Forest

No posts to display