They do not, and it would be dishonest to suggest they do. Reko Diq is one of the largest undeveloped copper-gold deposits in the world: its updated feasibility study projects 13.1 million tonnes of copper and 17.9 million ounces of gold over a 37-year mine life, with Phase 1 alone carrying an estimated $5.6 billion capital outlay. Our Shigar concession covers roughly 8.87 sq/km. What the two share is the commodity pairing and the geological setting type, which makes ours an early-stage position in the same category, not a comparable asset.
Investor market
Mining investment for Saudi Arabia investors
Domestic exploitation licences in Saudi Arabia were up 220 percent in 2025, and that same capital has started looking outward. A pursued 15 percent stake in Pakistan's Reko Diq project, reportedly worth $540 million, is the clearest signal: Saudi money is already comfortable underwriting Pakistani copper-gold risk at nine-figure levels, not just watching from a distance.
Why Saudi Arabia
Reko Diq is a copper-gold deposit, the same commodity pairing our Shigar and Kharmang concessions carry. Broader estimates put combined Saudi and UAE investment interest in Pakistan at up to $50 billion over five years, mining being one part of that. For the full story behind the Reko Diq stake and what it signals for concessions like ours, see our news page; for the wider sector numbers, including how little of Gilgit Baltistan is actually under licence, see our Gilgit Baltistan mining statistics page.
Relevant commodities
Investor FAQ
Saudi Arabia: investor FAQ
Questions that come up specifically from Saudi Arabia counterparties.
Entry cost and equity share. A minority stake in a proven deposit at Reko Diq scale is priced accordingly. An earlier-stage licensed concession trades higher geological uncertainty for a materially larger share of the upside and far more influence over how the project is developed. Whether that trade is attractive depends entirely on your risk mandate.
We hold incorporation certificates, exploration licences, geological reports and topography maps as a standing data room, shared after an NDA. We also arrange site visits with NOCs and security permissions handled, including sampling in your presence with splits sealed for your own independent assay.