Red Sea Resources

Stand: Explorers Showcase, ES 24

Mining & Exploration Company

Ticker: Private
Project Location: Three Project Areas in the Eastern Desert, Egypt, called RAH Gold Project, Luxor Gold Project and Oasis Gold Project. The Eastern Desert, Egypt.
Commodity Exposure: Gold, copper.
Company & Project Background: The Arabian-Nubian Shield in Egypt is widely considered the last unexplored greenstone gold belt in the world. Red Sea Resources is a Canadian based private company, formed by a proven team, with successes in project generation, mineral exploration, development, production, and financing globally. In 2021, Red Sea Resources was one of only a few companies awarded exploration blocks, in an International bid round. The Bid Round also attracted world class participants such as Barrick Gold, B2Gold, and Centamin. Our three blocks total a staggering 753 km2 of highly prospective exploration ground. These were selected through extensive research, site visits, and interviews conducted by a team of international and Egyptian geoscientists. Our properties are centred in the right geology, with early exploration results, historical data, and extensive artisanal mining for high-grade gold, all of which confirms that we are in the right place and on track for a world-class discovery. We have an experienced geological team with multiple discoveries and mines around the world to their credit, and a proven leadership team with a Go-Public strategy for 2024.

Location
South Africa

Website
redsearesources.com/

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