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AuKing Grants RMI Option to Take Over Saudi JV Amid Strategic Shift

7:03pm on Monday 2nd of June, 2025 AEST Mining
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AuKing Grants RMI Option to Take Over Saudi JV Amid Strategic Shift

7:03pm on Monday 2nd of June, 2025 AEST
Key Points
  • AuKing grants RMI exclusive 30-day option for Saudi JV interests
  • Option requires RMI to assume all JV obligations and advance exploration
  • No upfront payment; interests revert to local partner if option lapses
  • Shift driven by AuKing’s focus on Cloncurry Project and existing assets
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