Solidcore Forms Joint Venture to Develop Khabiyat Copper-Gold Project in Oman

Published: Jul 8, 2026 10:48

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Kazakhstan-based gold producer Solidcore Resources has signed a joint venture agreement with state-owned Minerals Development Oman (MDO) to explore and develop the Khabiyat copper-gold project in Oman. Under the agreement, Solidcore can acquire up to a 60% interest in the project in three stages, beginning with an initial 20% stake. The project marks the company's first exploration investment outside Kazakhstan and represents a key step in its expansion into the Middle East and diversification into base metals. Market participants believe the project will strengthen Solidcore's copper exposure and support its long-term strategy of doubling gold-equivalent production by 2030.

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