As one of the most experienced mining companies in the country, Aton Resources was awarded the Egyptian Abu Marawat Concession in 2007, with operations beginning in 2009. Aton built strong relationships with its partner, the Egyptian Mineral Resource Authority (EMRA), and is actively involved in the Egyptian business community.
Aton’s 100% owned Abu Marawat Concession is located in the Central Eastern Desert of Egypt, approximately 200km north of Centamin’s Sukari gold mine.
Following this acquisition, Aton has been advancing the development of a number of targets. Working to discover Africa’s next major gold mine, it has identified numerous gold occurrences throughout the concession area, including the Hamama deposit in the west and the Abu Marawat polymetallic deposit in the northeast.
Despite this welcome sector development, Egypt gold production reached a record low of 0.000 kg in 2007 and 2008, before it started climbing in the following years.