Red Sea Resources

In 2021, Red Sea Resources emerged as one of the select few companies awarded exploration blocks in Egypt’s international bid round — an event that attracted industry leaders such as Barrick Gold, B2Gold, and Centamin. Despite Egypt’s rich geological potential and a millennia of prospecting, only one commercial gold mine, the Sukari Mine, has been developed. Previously discovered and operated by Centamin, the company and their 49% ownership of Sukari were recently acquired by AngloGold Ashanti for $2.5 billion. The remaining 51% of Sukari is owned by the Egyptian Government, a condition set by old Egyptian Mining Law. The acquisition has pushed global interest in Egypt’s gold potential to an all-time high.

Egypt’s greenstone belt rivals’ world-class gold-producing regions like Timmins and Yilgarn, yet it remains almost entirely unexplored. Red Sea Resources has secured three highly prospective properties—Oasis, Luxor, and RAH—totaling 753 km² within this last untapped frontier. As a first mover in this emerging global gold district, our extensive research and fieldwork confirm that we are positioned in the right geology, with early exploration results, historical data, and artisanal mining activity all pointing to a world-class discovery.

We firmly believe Egypt holds additional world-class deposits on the scale of Sukari, and our dedicated team is committed to uncovering the next major discovery. With an active exploration program underway and drilling scheduled for 2025, Red Sea Resources is on track to redefine Egypt’s gold industry. A go-public strategy will follow, marking the next phase in our journey to unlock this vast mineral wealth.

Now is the time to explore Egypt’s untapped gold potential and Red Sea Resources is set to lead the way.