Key Highlights

  • Almasar Minerals Limited is scheduled to list on the Australian Securities Exchange on Monday, 31 August 2026, at 11:00am AEST.
  • The company is seeking to raise $27,000,000 through an offer of ordinary fully paid shares priced at $0.20 each, with the offer having closed on Friday, 17 July 2026.
  • Almasar Minerals is positioning itself as a new greenfield explorer targeting copper and gold across the Arabian-Nubian Shield in Saudi Arabia, a Jurisdiction the company describes as rapidly catching up to established Mining regions in Australia and Canada.
  • The listing is not underwritten, with Oracle Capital Group Pty Ltd and 708 Capital Pty Ltd acting as Joint Lead Managers on the offer.

Almasar Minerals Limited is preparing to join the Australian Securities Exchange with a listing date set for Monday, 31 August 2026, at 11:00am AEST. The company has positioned itself as a greenfield exploration entity with its principal activities centred on gold and copper exploration, though its stated strategic focus extends geographically to the Arabian-Nubian Shield region rather than the more commonly explored Australian terrains.

Offer Structure and Capital Raising

The company is offering ordinary fully paid shares at an issue price of $0.20 per share, with the goal of raising $27,000,000 in total capital. The Offer Period closed on Friday, 17 July 2026, ahead of the scheduled listing date at the end of August. Under the security code AMK, the shares will trade on the ASX following completion of the listing process. Notably, the offer has not been underwritten, meaning the full subscription amount was not guaranteed in advance by a third party, and instead relied on direct Demand from investors during the offer period. Oracle Capital Group Pty Ltd and 708 Capital Pty Ltd have been appointed as Joint Lead Managers to coordinate the capital raising and listing process.

Principal Activities and Strategic Focus

Almasar Minerals describes its core Business as exploration and mining, with an emphasis on greenfield exploration for copper and gold. The company's stated geographic focus is Saudi Arabia, situating its exploration ambitions within the broader Arabian-Nubian Shield, a geological province spanning more than 1.4 million square kilometres across the Arabian Shield and Nubian Shield. According to the company, this region is estimated to contain approximately 100 million ounces of gold-equivalent resources, a figure the company contrasts against more mature mining jurisdictions such as Canada's Superior Craton, estimated at over 300 million ounces of gold across more than 1.5 million square kilometres, and Australia's Yilgarn Craton, estimated at over 380 million ounces of gold across just over 600,000 square kilometres.

The company frames the Arabian-Nubian Shield as an emerging frontier that is attracting increased interest from major mining companies, citing factors such as the availability of exploration ground released through auctions by Saudi state miner Ma'aden, a fiscal regime the company describes as favourable, modern permitting processes, and new government data intended to encourage exploration activity. Almasar also points to reported historical discoveries in the region, including a cumulative figure of 83 million ounces of gold-equivalent and 31 million tonnes of copper-equivalent metal already identified across the Arabian-Nubian Shield, along with multiple deposits each reportedly containing between 10 and 20 million ounces of gold. The company additionally references Sudan's position as one of the larger gold-producing nations in Africa, noting that a substantial share of that production has historically been informal in nature.

In conclusion, Almasar Minerals Limited (ASX:AMK) enters the ASX boards as a distinctly positioned exploration company, one that is directing its attention toward Saudi Arabia and the wider Arabian-Nubian Shield at a time when the region is drawing broader international mining interest. The company's $27,000,000 capital raising, conducted at $0.20 per share and without Underwriting support, will fund its stated exploration and Working Capital requirements as it seeks to establish a foothold in a jurisdiction it considers geologically comparable to established gold provinces in Australia and Canada, but at an earlier stage of modern exploration. As with any new listing, the company's actual exploration outcomes and operational progress following its 31 August 2026 debut will determine how its stated strategic thesis translates into on-ground results over time.