Nubian Mining Company has been awarded an exploration license for Um Rus block following its participation in the international Bid-Round 1/2020 led by the Ministry of Petroleum & Natural Resources and Egyptian Mineral Resource Authority (“EMRA”), for the exploration of gold and associated minerals in the highly prospective Eastern Desert region of the country.

Nubian Mining Company entered into a Joint Venture (JV) with Shalateen Mineral Resources Company (SMRC) to explore part of the Aswan Concession held by SMRC. The terms of the JV are contained in an Agreement dated 14 Oct 2019.