Rinehart’s Saudi Arabia exploration licences: key project signals for mine planners
Reviewed by Joe Ashwell

First reported on Australian Mining
30 Second Briefing
Hancock Prospecting has secured a successful bid for five mineral exploration licences in Saudi Arabia, partnering with a local company to enter one of the world’s most active greenfield exploration jurisdictions. The licences give Gina Rinehart’s group a platform to test iron ore and other commodity potential in the Arabian Shield, a Precambrian terrane already hosting major gold and base metal deposits. For geologists and mine planners, the move signals growing Australian involvement in Saudi projects where state-backed infrastructure and permitting can accelerate drilling and resource definition.
Technical Brief
- Five separate Saudi exploration licences were secured in a single competitive bid round.
Our Take
Saudi Arabia appears only sporadically in our 650 Mining stories, so Hancock Prospecting’s move there stands out against a field still dominated by Australian, African and Latin American jurisdictions.
Within the 1229 Projects/Contract Award pieces, most Australian-linked items involve domestic iron ore, gold or critical minerals, suggesting Hancock is one of the relatively few Australian operators using its project-delivery experience to pursue greenfield opportunities in the Middle East.
For Australian contractors and consultants, a Hancock Prospecting exploration foothold in Saudi Arabia likely signals more scope for Australian-standard studies, drilling and early works packages in a market that is rapidly scaling up but still building local technical capacity.
Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.
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