Shares in Centamin jumped on the news and were trading 6% higher at 80.9p in London close to the end of the day. Centamin is advancing a pre-feasibility study for its Doropo gold project, in the northeast of Côte d’Ivoire. Drilling has focused on both converting existing inferred resources to indicated resources and testing newly identified growth targets, it said. Luring majorsDespite bountiful reserves of the precious metal and a rich mining history that supported the making of elaborate Pharaonic jewellery, Egypt’s mineral wealth remains largely under-explored and undeveloped. Other than Centamin, companies that have won concessions in Egypt over the past year include Barrick Gold, B2Gold, Aton Resources, Altus Strategies’ subsidiary AKH Gold, Lotus Gold and Red Sea Resources.

Source: The North Africa Journal July 07, 2022 14:35 UTC