• BSE
  • NSE
Partner with US Open an Demat Account EIPO Portfolio Tracker Watsapp Play Store App Store

News Details

14/10/2026 10:59

South West Pinnacle exploration identifies 12 copper-gold prospects in Oman

South West Pinnacle Exploration Ltd (SWPE), a company engaged in coal and non-coal mineral exploration and mining across India, has reported progress in its exploration activities at the 1,400-square-kilometre Block 22B Mineral Concession in the Sultanate of Oman. The concession is held through its joint venture company, Al Hadeetha Mining LLC (AHML), under an agreement signed in January 2025 and ratified by Royal Decree in March 2025.

AHML has three partners: Alara Oman Operations Pty Ltd, a wholly owned subsidiary of Australia's Alara Resources Ltd, along with Omani companies Al Tasnim Mining LLC and Al Hadeetha Investment Services LLC.

The company has identified 12 copper-gold prospect areas across the concession and adjoining licence area, with further geological mapping and rock-chip sampling planned. A HeliTEM airborne electromagnetic and magnetic survey covering 6,132 line-kilometres across the approximately 1,400-square-kilometre block has been completed, with the interpretation report expected in the second quarter of FY27.

Systematic rock-chip sampling at select prospects recorded peak natural copper concentrations of 22,681 parts per million (ppm), equivalent to 2.27% copper, associated with visible malachite mineralisation. Additional reconnaissance-level sampling during concession-wide field traverses also returned elevated copper values at several locations.

Field verification has been completed along a designated corridor, while similar work is planned across the remaining prospects ahead of a phased follow-up exploration programme. The company stated that the prospects have not yet been ranked.