THE ARABIAN NUBIAN SHIELD
The Abu Marawat Concession is located in the Arabian-Nubian Shield (ANS), which straddles the Red Sea and outcrops in the Arabian Peninsula and NE Africa. Known to be well endowed with several word-class mines and deposits, the Arabian-Nubian Shield remains relatively underexplored and is one of the world’s last gold mining frontiers. Nonetheless the ANS hosts some of Africa’s most prominent gold and base metal mines and deposits including:
- Centamin’s Sukari Gold Mine (Egypt)
Produced >480,000 ounces of gold in 2019, with projected production increasing to 510,000-540,000oz in 2020. Total proven and probable reserve of 7.25 million ounces of gold, and total measured and indicated mineral resource of 11.0 million ounces, as of June 30, 2018.
- Nevsun’s Bisha (Eritrea)
Commenced commercial production of gold in February 2011 before transitioning to copper production in late 2013. Bisha produced 136 million pounds of copper in 2015 at a cash cost of $1.31 per payable pound sold. Bisha then transitioned to a predominantly zinc producer in 2016, producing 210 million pounds of zinc as well as 17.5 million pounds of copper during 2017. Proven and probable primary ore reserves as of December 31, 2017 are 8.5 million tonnes at 6.25% Zn, 1.07% Cu, 0.72 g/t Au and 47 g/t Ag. The mine has a further 35.8 million tonnes of measured and indicated, and 31.4 million tonnes of inferred polymetallic resources, also as of December 31, 2017.
- Orca Gold’s Block 14 Project (Sudan)
Mineral resources at Galat Sufar South and Wadi Doum comprise an Indicated resource of 80 million tonnes grading 1.3g/t Au for 3.3 million ounces of gold and an Inferred resource of 18.5 million tonnes grading 1.2g/t Au for 0.7 million ounces of gold, as of September 19, 2018.
- Barrick’s Jabal Sayid (Saudi Arabia):
Barrick’s 50% attributable share of production was 43 million pounds of copper in 2017, projected to rise to 40-55 million lbs in 2018. Proven and probable reserves of 1.25 billion pounds of copper, at a grade of 2.40% Cu, as of December 31, 2017.
- Ariab’s Hassai Gold Mine (Sudan)
More than 2.3 million ounces gold produced from 18 pits since 1992, predominantly from oxide resources.