Aton Resources Inc. has announced that its application for an exploitation license at Hamama and its retained exploration areas at the company’s Abu Marawat Concession area in Egypt have been approved.
Mark Campbell, President and CEO of Aton, said: “This mining license has been the culmination of over 10 years of work by Aton. This grants Aton a license for 20 years, with an additional 10-year option period, that allows the company to start the Hamama development as well allowing the continued exploration at Rodruin and the 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 has vast untapped mineral potential, not only in gold, but across all precious, base and industrial minerals. The granting of Aton’s license will help lead to a bright future for exploration and mining in Egypt. The company also looks forward to the opportunity to acquire more exploration land within Egypt that these changes now offer.”