Greg Davis of Sun Peak Metals talks to Jeff Clark | Metals Investor Forum Sept. 2026
Summary
Saudi Arabia's 2018 Vision 2030 reforms opened mining to foreign owners; Sun Peak Metals now holds 13 wholly owned licenses in the underexplored Arabian-Nubian Shield.
CEO Greg Davis counts maiden drilling as two discoveries: zinc-silver at Halahila and copper-zinc-gold-silver at Safra, including 39 metres of 1.4% copper.
VMS (volcanic massive sulphide — sulphides formed on sea floors) reveals only an iron oxide gossan at surface; metal content stays unknown until drilling.
Davis says drilling resumes in October at Safra and expands to targets like El Maya, with management aiming for results news every few weeks.
A just-launched financing will fund the upcoming drill programs; roughly 164 million shares outstanding, with management holding 15% to 20%.
Jeff Clark's takeaways
- Top takeaway Discloses he is personally overweight Sun Peak Metals and has been buying the stock, saying it is not too late because it has not run away yet.
- Frames the company as a near-term catalyst play, pressing the CEO on the next 6-12 months of drilling plans and calling them lots of potential catalysts.
Greg Davis's takeaways
- Top takeaway Argues the western Saudi Arabia portfolio in the Arabian Nubian Shield can host multiple world-class deposits, selected using the same VMS geology his team worked across the Red Sea in Eritrea with NEVSUN, where Doug Reddy led the first Bisha resource calculation.
- Sees the 39-meter, 1.4% copper intercept at Safra as wide open and tied to a gravity anomaly and conductor about a kilometer to the north that he says carries the distinct signature of a massive sulfide, with the drill turning back toward that target in October.
- Plans a shift into heavy drilling across multiple projects, including Safra and top target El Maya (a coincident gossan, gravity and EM signature he calls possibly the team's former favorite), with more than one drill likely and the plan rolling out over the weeks into October 2026.
- Positions the company as a first mover in Saudi Arabia after Vision 2030 (2018) allowed majority foreign ownership, with nine months of target-generation work done, compounds and offices in place, and a team of about 12 geologists led by Scott Ansell, Doug Reddy and Aaron Abano.
- States the goal of driving the share price higher through drill results reported every few weeks, funded by the financing launched just before the interview, while noting management holds 15-20% and has joined every financing.