5+ million ounces), capable of producing over 500 000 ounces annually for at least 10 years and operating with all-in sustaining costs (AISC) in the lower half of the industry cost curve, typically in a world-class geological setting with growth potential. Dara offers a combination of size, grade, long life, potential low cost and strategic importance (gold/copper) that defines a Tier One mining asset. Geological potential: The asset shows strong indicators for being a large gold- copper porphyry system, a highly valuable deposit type. Dual commodity value: Contains both gold (strong investment demand) and copper (critical for green tech), offering balanced market appeal. Strategic location: Situated in Egypt’s underexplored but mineral-rich Eastern Desert, attracting attention for high- potential projects. Resource scale (potential): A Tier One asset typically promises high production over a long life (e.g., 10+ years, 500k oz/yr gold) with low costs, and Dara’s geology points towards this large-scale resource base. Supports green transition: Its copper content directly contributes to the global demand for minerals powering the green energy transition, aligning with future economic needs. Undrilled potential: While showing promise, significant drilling is needed to confirm grades and depth, but initial signs suggest a major system comparable to other large discoveries. What makes Dara an attractive project? While early indications position the project as a Tier One asset capable of producing
Field geologist mapping prospective structures across the Dara Project.
up to 1.5 kilometres. “The drill holes start at 400 metres and, based on the accumulated result from the first campaign, we have plans in place to extend the drill holes at depth. We envision Dara as an open pit mine with the potential to be developed into a super pit.” To advance the Dara project into a world class mine, the junior miner has established an onsite camp hosting up to 65 personnel and continues to engage with international consultants, including those based in Australia. Once the Dara resource has been upgraded to Indicated and Inferred status, the junior miner has three strategic paths to consider: listing on the London Stock Exchange, entering a joint venture partnership, or acquisition by a major. Ankh as a Tier One asset A Tier One gold project is a top-tier, large-scale, long-life, low-cost gold mine with significant reserve potential (often
and downhole mineralisation. Trench sampling delivered strong surface results, including 6.1 m @ 7.25 g/t Au with 0.66% Cu from Trench TR003, 7.9 m @ 2.48 g/t Au with 1.34% Cu from Trench TR005, 24.95 m @ 1.29 g/t Au with 0.38% Cu in Trench TR006, 25 m @ 3.41 g/t Au with 0.20% Cu in Trench TR020, and 14 m @ 3.11 g/t Au in Trench TR017. Follow-up drilling confirmed significant Au–Cu mineralisation at depth, including 29 m @ 0.88 g/t Au with 0.73% Cu (with 4 m @ 5.85 g/t Au and 3.10% Cu) in WDD001, 41 m @ 0.71 g/t Au with 0.44% Cu (12.1 m @ 2.14 g/t Au and 1.1% Cu) in WDD002, and 45 m @ 0.60 g/t Au with 1.1% Cu (5.6 m @ 3.4 g/t Au and 5.70% Cu) in WDD003. “Based on these highly favourable early-stage results, we are looking to define a resource on what we believe is a Tier One asset.” According to Talaat, the strike of the mineralisation is four kilometres in length with the width varying from 800 metres
Drilling underway at the Dara Project as Ankh Resources advances its maiden gold–copper resource.
February 2026 | www.modernminingmagazine.co.za MODERN MINING 29
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