Investor Presentaiton
History of Gold Mining in Egypt
AkhGold
PRE- & EARLY DYNASTY
4000 BC
-
2700 BC
Small-scale and unsystematic open pit
and underground mining of gold-
bearing quartz veins
NEW KINGDOM
1550 BC - 1070 BC
Expansion of mining concentrated in
central Eastern Desert, using more
advanced tools and techniques. Wadis
believed to have been systematically
worked for gold
ROMAN & BYZANTINE
30 BC 641 AD
Decreased mining activity, limited to a
small number of defendable sites.
Introduction of revolutionary 'rotary
millstone' technique
LATE MODERN
1882 1956
Sporadic gold mining and reworking of
ancient tailings by British and other
20th century miners. Multiple gold
expeditions lead by EGSMA, the second
geological survey in the world
OLD & MIDDLE KINGDOM
2700 BC - 1650 BC
First systematic gold mining targeting
gold associated with malachite and
haematite
PTOLEMAIC
305 BC 30 BC
Continued mining using similar
prospecting methods. New improved
milling and ore processing techniques
EARLY ARAB
641-1517
Increase in mining activities
concentrated in SE Desert. Operations
ceased circa 1350 AD
MODERN REBUBLIC
1956 Present
20th century El Sid mine closed in 1957.
while Centamin's Sukari gold mine
began production in 2009
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