Prospect pipeline

Four further prospects advancing through reconnaissance and target generation, including VMS ground 7 km from a producing mine.

Early stage VMS Orogenic Cu porphyry Epithermal

Behind the front four

Reconnaissance and target generation across the wider portfolio

Alongside the advanced prospects, four more are moving through reconnaissance mapping, sampling and remote sensing.

See every prospect by stage →

Prospect delineation

Wadi Wassat

Project area: Wadi Wassat
Licences: WW-009, WW-038 (160 km²)
Deposit style: VMS

The southern licence lies approximately 7 km from AMAK’s producing Al Masane copper-zinc-gold-silver mine, and on the same trend. Both licences host evident corridors of mineralisation in hyperspectral and magnetic data.

A field mapping and sampling program has indicated the potential for base metal-gold stratiform VMS deposits and a possible 1.8 km-long Au-mineralised corridor.

Mineralised outcrop with historical workings at the Wadi Wassat licences — Outcrop and historical workings at Wadi Wassat, on trend from the producing Al Masane mine.

Strongly altered, yellow-ochre outcrop on licence WW-009, Wadi Wassat — Strongly altered outcrop on licence WW-009.

A Greyridge geologist examining rock with a hand lens on a crest above the Wadi Wassat plain — Mapping the Wadi Wassat corridor, May 2026.

A Greyridge geologist mapping on a quartz-strewn ridge on licence AA-018, Al Amar — Field mapping on licence AA-018, Idsas.

Prospect delineation

Idsas

Project area: Al Amar
Licences: AA-018, AA-020, AA-021, AA-024
Deposit style: VMS and orogenic gold

Idsas sits adjacent to Ma’aden’s producing Al Amar gold-zinc-copper mine, and sits on defined gold and VMS belts within the Al Amar project area. Al Amar is not a Greyridge property; mineralisation on neighbouring properties is not necessarily indicative of mineralisation on Greyridge’s licences.

Preliminary work is complete. Mapping and sampling continue. Licence AA-020 also hosts a copper-gold target, where 27 rock chip samples were collected in 2026. The copper-gold association at surface may indicate a proximal mineralising source.

Proof of concept

Ji’lani

Project area: Ad Dawadimi
Licences: AD-008, AD-013, AD-014, AD-018, AD-019, AD-023
Deposit style: Copper porphyry and epithermal gold

Ji’lani is the largest licence group in the portfolio by count, with copper porphyry and epithermal gold potential in the Ad Dawadimi project area.

Preliminary work is complete. Further mapping and sampling continue alongside the regional stream-sediment and ground magnetic programs across Ad Dawadimi.

A Greyridge geologist on a dark gossanous ridge running into an open plain on licence AD-019, Ji'lani — Gossanous ridge on licence AD-019, Ji’lani.

Concepts

Halaban

Project area: Al Amar
Licence: AA-036
Deposit style: VMS

The earliest-stage holding in the portfolio, under initial geological interpretation on VMS-hosting lithologies within the Al Amar belt. Preliminary work is complete, with further mapping and sampling continuing.

Summary

Pipeline at a glance

Early-stage prospects: status and planned work
Prospect	Licences	Deposit style	Stage	Planned work
Wadi Wassat	WW-009, WW-038	VMS	Prospect delineation	Sampling and mapping program ongoing
Idsas	AA-018, AA-020, AA-021, AA-024	VMS / Orogenic	Prospect delineation	Mapping and sampling ongoing; further mapping at the AA-020 copper-gold target
Ji’lani	AD-008, AD-013, AD-014, AD-018, AD-019, AD-023	Cu porphyry / Epithermal	Proof of concept	Further mapping and sampling ongoing
Halaban	AA-036	VMS	Concepts	Further mapping and sampling ongoing

Planned work reflects current expectations and is subject to change. See the forward-looking information statement.

Updated 23 October 2026