Metal Bank Limited (MBK) offers a compelling investment opportunity driven by its copper-focused growth strategy, targeting high-demand projects across the Middle Eastern region.
Metal Bank (ASX:MBK) is a growth-focused explorer engaged in copper and gold exploration and development across Australia, Saudi Arabia and Jordan.
The company’s near-term focus is on optimizing and divesting the Livingstone gold project to generate capital for expanding its copper projects in the Middle East. Metal Bank's strong regional presence, particularly in Saudi Arabia and Jordan, is underpinned by deep industry relationships and extensive operating experience.
In the near term, MBK is executing its Middle East and North African (MENA) strategy focused on Saudi Arabia and Jordan. The strategy includes securing copper and other critical minerals projects in Saudi Arabia, through its joint venture company, Consolidated Mining Company (CMC). CMC is 60 percent owned by MBK and 40 percent by Central Mining Holding Company. Its first project, Wadi Al Junah, has been awarded exploration licences in November 2024. MBK has also identified several new areas of interest and exploration licence applications have already been submitted. MBK is also in discussions with third parties holding exploration licences for potential cooperation/joint ventures.
In Jordan, key agreements have been secured for copper exploration within historic mining areas. The three copper project areas granted in Jordan are Malaqa, Area 47 and Area 65. Two of these projects are in areas with historic mining activities, while the third is highly prospective for large-scale copper under cover.
The leadership team brings a proven track record of exploration success and project execution, positioning the company for long-term value creation in the critical minerals market.
Multiple prospects at Livingstone gold project
The Livingstone gold project is an advanced gold exploration project located 140 km northwest of Meekatharra in Western Australia. The project spans 395 sq km within the Bryah-Padbury Basin. The project hosts a JORC 2012 resource of 40,300 oz gold (Homestead) and 30,500 oz gold (Kingsley). Exploration efforts include geophysical mapping, RC drilling, and over 40 km of strike target assessments. The company is updating resource models and conducting pit optimization. Strong corporate interest has led to discussions to expedite divestment, with proceeds to fund MENA operations.
The project has multiple advanced gold targets, inadequately tested to date, including Hilltop, Stanley, Winja, Winja West, VHF and Kirba, Additionally, independent experts have identified more than 10 regional greenfields targets with 40km prospective strike length.
A 427 sq km VMS copper-zinc-gold-silver project, Wadi Al Junah is a joint venture through Consolidated Mining Company (CMC, MBK 60 percent). Exploration activities include regional geochemical surveys, surface mapping, and shear-zone anomaly identification. Phase 1 drilling is planned for Q2 2025.
The Wadi Al Junah project is 35 km east of the Al Hajar gold-silver (copper-zinc) deposit that was previously mined by Saudi’s state-owned mining company, Ma’aden, and is close to the major regional centre and airport of Bisha. The project has received very limited rock chip sampling as part of regional scale mapping work in the 1960s and 1970s. with results of up to 1.53 percent copper, 0.44 grams per ton (g/t) gold and 160 g/t silver. MBK aims to define drill targets in preparation for initial drill programs.
Metal Bank is leveraging its extensive history in Saudi Arabia, and pursuing additional tenement applications and joint venture partnerships. The country has enacted a new mining code in 2021, establishing mining-friendly regulations and a system of refunding exploration expenditure for approved projects.
This three-project portfolio is aimed at large-scale copper exploration. The Malaqa project has shown copper mineralization over an 800-meter strike through chip and channel sampling. Area 47 features a 4 sq km geochemical anomaly indicative of porphyry-style mineralization, while Area 65 is a bulk-tonnage copper-oxide target. Metal Bank is planning a drilling campaign during 2025 and also assessing local joint venture opportunities to progress these three projects.
Rock sample from the Millennium project
This cobalt-copper-gold project holds a JORC 2012 Inferred Resource of 8.4 Mt at 0.09 percent cobalt, 0.29 percent copper, and 0.12 g/t gold. Recent reanalysis of historic cores revealed high-grade graphite intersections (e.g. 56 m at 18.29 percent graphite). Located on granted mining leases, the project offers polymetallic potential. Metal Bank is planning further metallurgical testing and drilling to expand both the copper and graphite resource base.
Inés Scotland has over 20 years of experience in the mining industry, having worked with major gold and copper companies across Australia, Papua New Guinea, the USA, and the Middle East. Her career includes roles with Rio Tinto companies such as Comalco, Lihir, and Kennecott Utah Copper. Notably, she was the managing director and CEO of Citadel Resource Group Limited, where she led the development of the Jabal Sayid Copper Project in Saudi Arabia. Under her leadership, Citadel grew to a market capitalization of $1.3 billion before its acquisition by Equinox Minerals in January 2011. She also served as the managing director and CEO of Ivanhoe Australia, an ASX-listed company with a market capitalization of $500 million. Scotland was appointed as chair of Metal Bank Limited on August 13, 2013.
Guy Robertson brings over 30 years of experience as a chief financial officer, company secretary, and director for both public and private companies in Australia and Hong Kong. His previous roles include serving as chief financial officer and general manager of finance for organizations such as Jardine Lloyd Thompson, Colliers International, and Franklins. He has over a decade of experience with ASX-listed mineral exploration companies and currently holds directorships with Hastings Technology Metals, GreenTech Metals, Artemis Resources, and Alien Metals. Robertson was appointed as an executive director of Metal Bank on September 17, 2012.
Sue-Ann Higgins is an experienced company executive with over 25 years in the mining industry. She has held senior legal and commercial roles with companies including ARCO Coal Australia, WMC Resources, Oxiana, and Citadel Resource Group. Her expertise encompasses governance and compliance, mergers and acquisitions, equity capital markets, and mineral exploration, development, and operations. Higgins was appointed as company secretary on August 21, 2013, and became an executive director on February 24, 2020.Â
Copper and gold-focused exploration in Australia and the Middle East
(TheNewswire)
 ÂGRANDE PRAIRIE, ALBERTA TheNewswire - July 29, 2025 - Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) ("ANGKOR" OR "THE COMPANY") announces its subsidiary, EnerCam Resources Co. Ltd. (Cambodia) ("EnerCam") met with officials from the Ministry of Mines and Energy ("MME") and the General Department of Petroleum ("GDP") to request an additional 220 square kilometers as part of Block VIII to include a potential sub-basin for exploration of oil and gas.
 Following field scoping, data analysis, and indications of hydrocarbon potential, the technical team, headed by EnerCam's Keith Edwards, provided a presentation to members and authorities of GDP and MME.  The presentation focused on the addition of a 220 square kilometer area in the northeast section of Block VIII to expand the boundaries of Block VIII.  The area indicates potential for a sub-basin that the EnerCam team refers to as the ‘Mussel Basin' named primarily based on the shape of the potential basin. Â
ÂÂ The most recent research of the geoscience team indicates that it would be prudent to expand the boundaries in the northeast corner of Block VIII and include the expansion as part of the explored territory including the basin in the 2D seismic to be undertaken over the next 40 days. Â
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 Figure 1  Outline of Block VIII with proposed Mussel Basin encapsulated within the boundaries and proposed seismic lines (left)and details and coordinates showing all exclusions and the proposed additional area(right). Â
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 Figure 2 EnerCam's technical manager, Keith Edwards, presents to officials from GDP and MME regarding proposed boundary expansion to be included in the exploration and activities of Block VIII. Â
ÂÂ The response from the meeting was positive. Â The Company expects an answer within a few weeks, well in time to include the new area in the existing seismic program. Â
 On the mineral activities in Cambodia, in the northwest area of the country and forty kilometers south of the Thailand / Cambodia border, drilling activities of the Andong Bor license were suspended on July 24 due to border conflicts.  With the Malaysian Chairman of ASEAN (Association of Southeast Asian Nations) hosting the Prime Ministers or representative of Thailand and Cambodia, the recent announcement of a ceasefire on July 28  th  comes as a relief for all citizens. Â
ÂÂ The drilling program will continue when equipment is back in place, and it is deemed to be safe to resume. Â
ÂÂ Other activities, both for minerals in the northeast area of Ratanakiri province and for the oil & gas exploration in the southwest Block VIII continued without interruption. Â
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ÂÂ Â ABOUT Angkor Resources CORPORATION: Â Â
   Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource optimizer in Cambodia working towards mineral and energy solutions across Canada and Cambodia. ANGKOR's carbon capture and gas conservation project in Saskatchewan, Canada is part of its long-term commitment to Environmental and Social projects and cleaner energy solutions across jurisdictions.  The company's mineral subsidiary, Angkor Gold Corp. in Cambodia holds three mineral exploration licenses in Cambodia and its Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas license of 7300 square kilometers in the southwest quadrant of Cambodia called Block VIII.  The license was reduced to roughly half the size with the Company's voluntary removal of all parks and protected areas in March 2025. Since 2022, Angkor's Canadian subsidiary, EnerCam Exploration Ltd., has been involved in gas/carbon capture and oil and gas production in Evesham, Saskatchewan.  Â
ÂÂ Â CONTACT: Â Â Â Delayne Weeks - CEO Â Â
  Email:     info@angkorresources.com       Website:    angkor     resources.com   Â
ÂÂ Â Telephone: Â Â Â +1 (780) 831-8722 Â Â
  Please follow @AngkorResources on    ,    ,    ,     Instagram     and    .  Â
ÂÂ Â Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Â Â
  Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to the potential for gold and/or other minerals at any of the Company's properties, the prospective nature of any claims comprising    the Company's property interests, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, uncertainty of sample results, timing and results o    f future exploration, and the availability of financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.  Â
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About Vertex Minerals Limited: Â
Vertex Minerals Limited (ASX:VTX,OTC:VTXXF) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.
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Source:
Vertex Minerals Limited
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Contact:
Roger Jackson
Executive Chairman
Tully Richards
Technical Director
tully@vertexminerals.com.au
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