Saudi Royal Decree Clears Sierra Nevada to Drill As Safra Copper-Gold Project

Daily Special: Sierra Nevada Gold, LTR Pharma, NH3 Clean Energy

Australian shares are higher in early afternoon trade, with the S&P/ASX 200 up 1.02% to 8754.4 at 12.45pm AEST, driven by a broad-based rally led by materials as oil prices ease from recent highs. The market is on track to snap an eight-day losing streak, although the index remains down around 0.4% for the week. Materials are the standout, with major miners and gold stocks advancing on stronger commodity prices, while industrials also gain. Ener…

Saudi Royal Decree clears Sierra Nevada to drill As Safra copper-gold project

Full grant of five exploration licences over As Safra copper-gold project Strong alignment between exploration plans and Saudi Arabia’s Vision 2030 Royal Decree a significant endorsement of the project and in-country strategy   Special Report: Sierra Nevada Gold has been cleared to begin drilling the As Safra copper-gold project in Saudi Arabia with the formal grant of exploration licences as the kingdom pivots from oil production to a broader s…