GOLD
The outlook for gold and copper remains bright with these commodities set for further price improvements in the year ahead. This momentum is great news for Ankh Resources’ Dara project – one of Egypt’s modern gold- copper projects, which is working to define its maiden resource with an eye to becoming a Tier One asset, CEO, Mostafa Talaat, tells Modern Mining . Ankh Resources poised to unlock Dara as a Tier- One discovery By Nelendhre Moodley
Panoramic view across the Dara Project licence area in the Red Sea District of Egypt.
G old continues to benefit from its safe-haven appeal amid economic uncertainty, geopolitical tensions, shifting monetary policy, and robust central-bank buying, while copper is surging on powerful structural demand from electrification - EVs, renewables - and ongoing supply shortfalls from mine disruptions. Gold is currently trading above $4 400 /oz and continues to reach new all-time highs, with prices expected to strengthen further into 2026. Copper is also seeing robust demand and elevated pricing. “Ankh’s priority is to advance and consolidate the resource towards establishing a $2 billion asset,” says Talaat. The company was founded by a group that possesses key mining skills, including Talaat, a mining engineer with extensive experience in gold mining, having worked at the Sukari gold mine - the nation’s first major Tier One asset with significant,
long-life reserves. Since the acquisition of its flagship asset in 2022, Ankh has invested more than $8.5 million to upgrade the Dara resource, having commenced desktop studies, undertaken trenching, completed 10.5 kilometres of detailed trenching and recently engaged in a 5 000-metre drill programme. “Officially, we started developing the Dara project, situated in the Arab Nubian Shield, in May 2023 and recently initiated a diamond drilling campaign. We signed off a contract for the first 5 000-metre drilling initiative, which is part of the larger planned 20 000-metre drilling that will proceed into 2026. In a bid to consolidate the resource, we plan to drill up to 45 000 metres by the end of 2027.” To date, surface trenching and diamond drilling programmes have returned encouraging Au and Cu mineralisation results across the project area, highlighting broad zones of near-surface
28 MODERN MINING www.modernminingmagazine.co.za | February 2026
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