Mubasher: Aton Resources has received licenses at for exploration at Hamama and Abu Marawat concessions in Southern Egypt.
“As only the second mining license to be issued since Centamin’s, this is historic news for Aton and Egypt,” said the company’s Mark Campbell, President and CEO.
The license is valid for 20 years with an option to extend to 10 more years. It allows the company to begin exploration and production of gold in the Hamama Development and continue its work at Rodruin and other exploration targets within the Abu Marawat Concession, which is located in Egypt’s Arabian-Nubian Shield, approximately 200 kilometres north of Sukari gold mine.
“We believe that the granting of our license will point the way to a bright future for exploration and mining in Egypt. We also look forward to the opportunity to acquire more exploration land within Egypt that these changes now afford us. We eagerly look forward to participating in the upcoming exploration tender and working in Egypt for many years to come,” the CEO added.