The firm has secured exploitation license for retained exploration areas at the Company’s Abu Marawat Concession area
Aton Resources is pleased to announce that its application for an exploitation license at Hamama and its retained exploration areas at the Company’s Abu Marawat Concession area have been approved.
“As only the second mining license to be issued since Centamin’s, this is historic news for Aton and Egypt,” said Mark Campbell, President and CEO. “We are very excited to announce this news, which has been the culmination of over ten years of work by Aton. This not only grants Aton a license for 20 years with an additional 10-year option period, that allows us to get on with the Hamama Development and as well allows us to continue the exploration at Rodruin and our other exploration targets, within our Abu Marawat Concession. It also underscores Egypt’s new commitment to developing its exploration and mining sector. Egypt is a country that is blessed by having huge untapped mineral potential, not only in gold, but across all precious, base and industrial minerals, along with having world class infrastructure, a great pool of skilled and semi-skilled labor all within a strong and stable country. 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.”
Source: Company Press Release