Introduction:
Stock signed a concession agreement with Oman’s Ministry of Energy and Minerals for exploration and mining in Block 22B, spanning 1,452 km², targeting resources like copper, gold, silver, chromite, and basalt, boosting growth opportunities.
Share Price movement of South West Pinnacle Exploration:
On January 23, 2025, South West Pinnacle Exploration Ltd opened at ₹138.25 traded at ₹139.59 by 01:05 PM. The stock’s intraday high of ₹140.00 marked a 4.5% increase over the previous close, while the intraday low was ₹133.70. The market capitalization stood at ₹389.49 crore.
South West Pinnacle Exploration signs new agreement:
South West Pinnacle Exploration Ltd, through its JV Al Hadeetha Mining LLC (AHML), signed a concession agreement with Oman’s Ministry of Energy and Minerals on January 22, 2025, for exploration and mining of minerals in Block 22B, spanning 1,452 km².
The project will proceed in two phases: exploration over a maximum of nine years (including extensions) and a 15-year exploitation phase after mineral commerciality approval. Key resources include copper, gold, silver, chromite, and basalt.
AHML, a collaboration between Indian, Australian, and Omani stakeholders, leverages its expertise, as shown in the Al Wash-hi Al Majaza project. This initiative aligns with Oman’s Vision 2040, fostering mining sector growth and innovation.
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Recent news About South West Pinnacle Exploration :
On January 17, 2025, South West Pinnacle Exploration Ltd announced receiving two Letters of Intimation worth ₹10.86 crore from Odisha Lift Irrigation Corporation for installing deep bore wells for solar pumping systems in Odisha, boosting project portfolio.
Ace investor holding of South West Pinnacle Exploration:
Ace investor Rajan Brijmohan Kapur holds a 1.61% stake in South West Pinnacle Exploration Ltd, amounting to 448,116 shares valued at ₹6.3 crore. The holding decreased by 0.65% compared to the previous quarter.
Stock performance of South West Pinnacle Exploration for Period of 1 week, 6 months and 1 year:
South West Pinnacle Exploration’s stock declined by 1.78% over the past week but gained 26.2% in the last six months. However, it recorded a 15.2% decline over the past year, reflecting varied performance across different timeframes.
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Shareholding pattern of South West Pinnacle Exploration:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 73.61 | 73.61 | 73.61 |
| FII | 0.08 | 0.36 | 0 |
| DII | 0 | 0 | 0 |
| Retail & others | 26.31 | 26.02 | 26.39 |
About South West Pinnacle Exploration:
South West Pinnacle Exploration Ltd specializes in mineral exploration and resource management, offering drilling and geological services. With expertise in mining and energy sectors, it focuses on sustainable practices to support India’s growing demand for minerals and natural resources.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
