The Jibal Qutman deposit is located in the Asir terrane approximately 130Km from the city of Bisha, within the central-southern region of the Arabian Shield.
The combined Jabal Qutman Exploration Licences cover a 270Km2 portion of the highly-prospective Nabitah-Tathlith Fault Zone, known for its numerous gold occurrences and ancient gold workings.
GMCO began exploration on this greenfields orogenic gold target in 2012 and rapidly defined a gold resource of 733,045oz.
After receiving regulatory permissions to continue activities in late-2022 the GMCO team have been overhauling this project with updated metallurgical, geotechnical and mining testwork, as well as a 13,000m infill drilling programme to upgrade the existing Mineral Resource.
These activities are culminating in an updated MRE which will be used to produce a DFS for the project, both of which are scheduled for completion in early 2024. This DFS is considering a 2 million tonne per annum open-pit CIL operation.
Mineral Resources remain open both along strike to the north, south and down-dip and near-mine exploration is already underway to build on these defined resources and recognise the full potential of this exploration area in 2024.
*Resource statement for the Jibal Qutman project as of 2015