Ankh Resources is developing Egypt’s first gold and copper mine, aiming to attract institutional investors at the Investing in African Mining Indaba in Cape Town from February 9–12. The company is promoting its Wadi Dara project and Egypt’s geodiversity as a mining destination, especially after a 2025 legislative amendment made the Egyptian Mineral Resources Authority an independent economic entity, increasing efficiency. Egypt revamped its mining tax system in 2023 with a competitive structure: 22.5% corporate tax rate, 5% government royalty, 15% state profit interest, and a 0.5% community development contribution.
Ankh is conducting a 40,000 m drill campaign at Wadi Dara, a 100 km² block with promising gold and copper mineralization. Located in the Arabian Nubian Shield in Egypt’s Eastern Desert, the concession shows significant drill results, including up to 40 m of high-grade gold and copper anomalies. Previous holes intersected mineralization intervals up to 41 m, confirming continuity along a structural corridor.
The company has invested $8 million in exploration and plans to spend over $25 million in the next two years. Following the 2026/27 drill campaign and mineral resource estimate, Ankh may expand resources or pursue a joint venture. An IPO is planned to fund development, focusing on balanced investment and supply chain stability. CEO Mostafa Talaat emphasizes responsible mining aligned with national and global standards, expecting exploration across the Arabian Nubian Shield to unlock strategic minerals and support economic growth and the green energy transition.
