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Iran's Mines and Mining Industries Development and Renovation Organization (IMIDRO) plans to create over 400 exploration maps to attract private investment in the mining sector, aiming to identify critical mineral reserves as part of a six-year initiative requiring $1 billion. IMIDRO's head noted that this project could uncover two world-class metallic mineral deposits valued at $30 billion, with exploration blocks to be offered through the Iran Mercantile Exchange. However, international sanctions present challenges for investment and technology access in the sector.