Pakistan's mineral sector has received a major boost after Mari Energies announced a new copper and gold discovery in Chagai, Balochistan.

According to details, the discovery was made at the East Siah Diq-1 (ESD-1) exploration target by Mari Minerals, a wholly owned subsidiary of Mari Energies.

The company informed the Pakistan Stock Exchange (PSX) about the development through an official notification on Friday, November 13, 2026.

Discovery near Reko Diq project

The newly identified mineral deposits are located approximately 50 kilometres east of the Reko Diq copper and gold project and 25 kilometres northwest of Nokkundi.

The discovery covers an estimated area of 1.4 square kilometres, with mineralisation found beneath approximately 100 metres of surface material.

According to the company's disclosure, drilling operations at East Siah Diq-1 have covered around 25,000 metres. The drill holes were approximately 500 metres long and vertically drilled.

What makes the discovery important?

Samples collected during exploration were prepared and tested by SGS Pakistan. Initial findings indicate the presence of porphyry-style copper mineralisation, a geological formation known for containing large copper deposits.

The discovery could strengthen Pakistan's position in the international minerals market, particularly as global demand for copper continues to grow.

Further exploration planned

However, further drilling, testing and geological studies will be required to establish the actual size, quality and commercial value of the deposits.

The latest discovery is an encouraging development for Pakistan's mining industry, but it does not yet represent a confirmed commercially recoverable mineral reserve.