Nubian Mining Company (NMC) 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.
The exploration license lies southern of Aswan concession which is nearby Aswan city ≈ 180 Km southeast far from Aswan in the Eastern Desert of Egypt.
The area can be easily reached along the Aswan- Allaqi asphalt road (≈ 165 Km) and then along desert tracks.
The project is covering an area of approximately 600 Km2.
The Eastern Desert of Egypt constitutes the north-western tip of Arabian-Nubian Shield in NE Africa, a rapidly emerging significant global gold province.
Historic mining activities in the eastern desert dating back to the Pharaonic times.
NMC entered into a contract with SRK ES and ANG to provide technical support. SRK Exploration Services Limited (“SRK ES”) is an associated company of the international group Holding company, SRK Consulting (Global) Limited (the”SRK Group”).
Arab Nubia Group (ANG) which is a company specialized in the mining services and has various services among geology investigations and technical supporting in the mining industry.