Strategic focus
We concentrate on the commodities that underpin infrastructure, electrification, energy storage and defence, where long-term demand is set to outrun supply.
Copper · Gold · Strategic minerals
Developing copper, gold and critical minerals in the Chagai magmatic arc.
Nubia Resources is a natural resources company focused on copper-gold systems and the strategic metals associated with them, with a portfolio in Baluchistan Province, Pakistan.
- Location
- Baluchistan, Pakistan
- Stage
- Mining & exploration
- Primary commodities
- Copper-gold · Antimony
Company
Building a portfolio in the Tethyan Metallogenic Belt.
Nubia Resources acquires, explores and develops mineral assets associated with copper-gold systems and related strategic metals.
Who we are
Nubia Resources was established to identify, secure and develop high-quality mineral assets in underexplored regions with significant geological endowment. Our portfolio is centred on the Tethyan-Eurasian Metallogenic Belt, which runs for more than 10,000 km from south-eastern Europe through Türkiye, Iran and Pakistan and hosts some of the largest copper-gold deposits known. We hold copper and antimony concessions in Baluchistan Province, within the Chagai magmatic arc. That places our ground in the same corridor as Reko Diq, Saindak and the other porphyry copper-gold systems that the U.S. Geological Survey ranks among the most prospective in the world.
Our approach
We favour assets supported by geological data, independent technical validation and sound regional context. Work programmes are designed to meet JORC and NI 43-101 reporting standards, with qualified independent professionals engaged at each stage.
We allocate capital patiently, build local partnerships and commit for the long term to the regions in which we operate.
Disciplined development
Systematic exploration, independent technical validation and a preference for established geological regions over speculative ground.
Long-term stewardship
Responsible asset management, commitment to the communities and environments in which we work, and close engagement with local stakeholders.
Portfolio
Copper and antimony assets in the Chagai magmatic arc, built for scale.
Our ambition is to become a large-scale miner. We are developing numerous copper and antimony sites across Baluchistan Province, held under Mining, Exploration and Prospecting Licences.
The portfolio spans the main mineralisation settings of the Chagai district, from porphyry copper-gold systems to structurally controlled native copper and antimony occurrences. Many of our sites show mineralisation at or near surface, and independent laboratory testing has confirmed near-surface copper on our mining licences.
We bring sites into production early. Surface and near-surface high-grade zones are mined first, and the cash they generate funds the exploration behind them. Each layer of exploration narrows the target before any definitive drilling, and our technical work is carried out to JORC and NI 43-101 standards with qualified independent professionals.
Over time we intend to move our strongest sites through the licence ladder and into full-scale mine development, subject to positive feasibility.
| Licence type | Role in the portfolio |
|---|---|
| Mining Licences | Early production from surface and near-surface high-grade zones |
| Exploration Licences | District-scale ground for systematic exploration and resource definition |
| Prospecting Licences | Early-stage ground for target generation and surface sampling |
| Commodities | Copper, gold and antimony |
Regional context
Within the same geological corridor.
Saindak
A producing copper-gold mine in the Chagai district.
Reko Diq
A world-class copper-gold deposit being developed by Barrick, and the reference deposit for the arc.
Our licences
Copper and antimony sites in the same arc, from mining licences in early production to exploration and prospecting ground.
Geographic presence
Focused on Pakistan.
Pakistan
OperationalOur current operating centre. We hold mining, exploration and prospecting licences in Baluchistan Province, within the Chagai magmatic arc, which the U.S. Geological Survey identifies as one of the most prospective regions in the world for porphyry copper-gold deposits.
The arc forms part of the Tethyan Metallogenic Belt, one of the world's premier mineral provinces. We aim to support the country's mineral sector to international standards of responsible resource development.
10 000+ kmlength of the Tethyan Metallogenic Belt
Leadership
A board and executive team with world-class academic credentials and decades of experience in mining, minerals and national R&D.
Nubia Resources is guided by leadership of international standing. Board members and senior leaders are educated at the University of Oxford, MIT and Harvard University and bring more than two decades of experience in mining, mineral value chains and the direction of national-scale scientific research. Alongside them are an executive team experienced in resources finance and field operations in Pakistan, and senior technical advisers in mining engineering, mineral economics and resource estimation.
Ahmad Waleed
CEO
A British-Pakistani entrepreneur and investor with more than 18 years of international experience across finance, natural resources, commodities, fintech, real estate, manufacturing and hospitality. He has held leadership and investment roles across the UK, UAE, Pakistan, Europe and North America, building, acquiring and scaling businesses as a founder and board-level executive.
Dr Sarfraz Ali
Chief Technical Officer
A mining and rock engineering expert specialising in advanced geomechanics, deep-level mining and sustainable mineral development in Pakistan, with a PhD from the University of the Witwatersrand. A pioneer of the NUST–Wits collaboration, he champions a fast-track strategy of accelerated approvals, AI-driven exploration, advanced mining technology and a shift from raw exports to processed product.
Mark Stephens
Chief Commercial Officer
More than 25 years of financial markets and dealmaking experience applied to the financing of natural resources projects. Across resources financing, structured finance, capital markets and principal investing, he has originated and executed complex transactions in capital-intensive sectors. He also founded and led a fintech business that transformed supplier financing through data-driven funding.
Anna Ivanova
Director of Strategy and Business Development
An entrepreneur and investor with a diversified background across real estate, manufacturing, retail, natural resources and international trade. With expertise in business development, strategic investment and commercial growth, she identifies emerging opportunities while evaluating operational and financial risk, supporting long-term value creation across multiple industries.
Zeeshan Khan
Director, Mining Operations and Acquisitions
A practising mining professional based in Pakistan, specialising in the strategic acquisition and field development of high-value copper and gold deposits, with deep expertise across the related value chain. He manages the full lifecycle of early-stage operations, from exploration programmes and geological surveys to trial mining that establishes deposit viability and ore grades.
Professor Fred Cawood
Senior Technical Advisor
A mining engineer and mineral economist who headed the School of Mining Engineering and directed the Wits Mining Institute at the University of the Witwatersrand. South Africa's mineral royalty regime rests on the formula from his doctorate, and he co-authored the World Bank's Mining Royalties. He has advised SADC governments on mining policy and taxation, and served on the UN International Study Group on Africa's mineral resources.
Dr Markus Mathey
Senior Technical Advisor
A mining engineer and former Visiting Professor with a PhD in Mining Engineering from the University of the Witwatersrand, advising on mining technologies and blast and haulage design. He led a 160-strong operation as Manager of Mining & Backfilling and Interim General Manager of the Heilbronn Salt Mine, and sits on the board of the German Explosives Association.
Dr Fahad Irfan Siddiqui
Advisor & Competent/Qualified Person
A mining engineer, academic and consultant with more than 18 years across teaching, research and industry, and Head of Mining Engineering at MUET, Jamshoro, with a PhD in resource modelling and mine design. A certified Competent Person, he has directed resource estimation and pit optimisation for studies in Pakistan, Saudi Arabia and Turkey.
Dr Habib Ur Rehman
Geomechanical Advisor
Leads the integration and management of geophysical, geological and geotechnical exploration data to build robust 2D and 3D geomechanical models for stability analysis and resource classification. He oversees data collection workflows, sets rigorous quality control standards and guides exploration teams in interpreting subsurface conditions.
Contact
Discuss partnership opportunities.
We welcome enquiries about our portfolio, partnerships and corporate matters. For asset information or to open a partnership discussion, please write to us.
General enquiries
Legal notices
Important information
Issuer
This website is published by Nubia Resources, which is responsible for its content.
No offer or solicitation
This website is for general information only. Nothing on it is an offer, invitation or inducement to buy, subscribe for or otherwise deal in any securities or financial instruments, and nothing on it forms the basis of any contract, commitment or investment decision.
Not advice
Nothing on this website is financial, investment, legal, tax or other professional advice. It is not intended for distribution to, or use by, any person in a jurisdiction where that would be unlawful. You should obtain independent professional advice before acting on any information here.
Forward-looking statements
This website may contain forward-looking statements about exploration, development potential and future events. These are subject to geological, technical, commodity price, financing, regulatory, political and security risks, and actual results may differ materially. We are under no obligation to update them except where required by law.