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Wednesday, 22 November 2017

Aton becomes the second miner since Centamin to declare a commercial discovery

Aton Resources has officially notified the Egyptian Mineral Resources Authority (EMRA) of its intention to make a declaration of commerciality at its Hamama Project. Aton intends to have a producing mine there constructed by the end of 2019. “This is a historic day for Egypt and Aton, as we are only the second company, after Centamin back in 2001, to issue its intention to declare a commercial discovery, and we will now move towards our goal of building only the second new producing gold mine in Egypt in more than 90 years,” President and CEO Mark Campbell says. EMRA also granted Aton a two-year extension on its current exploration license to allow it to develop the rest of its concession area and the potential for more mines and larger production.

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