Mari Energies Subsidiary Acquires 87.5% Interest in Chagai Mineral Exploration Licenses

Mari Energies Limited PSX: MARI) has announced that its wholly owned subsidiary, Mari Minerals (Private) Limited, has signed an agreement to acquire an 87.5 percent interest and operatorship in multiple mineral exploration licenses in Chagai district, Balochistan. The agreement, made with Sanjrani Mining Company (Pvt) Limited, is subject to regulatory approvals and covers a total area of 40 square kilometers. “This acquisition is in line with our diversification strategy where we are building a mining portfolio focused on Copper and Gold exploration,” the stock filing stated. Following the necessary approvals, a new project company will be established to oversee exploration activities.