en.Wedoany.com Reported - Egypt is set to launch its first comprehensive aerial mining exploration project in over four decades, aiming to systematically assess the country's mineral resource potential and attract foreign capital.

Egyptian authorities announced in a statement on Sunday that Xcalibur Smart Mapping will collaborate with the Egyptian Nuclear Materials Authority and local enterprise Drone Tech, utilizing advanced aircraft and geophysical technology to systematically map the country's mineral resource distribution.

At the signing ceremony, Minister of Energy Karim Badawi stated that the exploration will cover Egypt's Eastern and Western Deserts and the Sinai Peninsula, marking the first such activity in 42 years. He noted that this will build a "modern, high-precision mining database," helping investors identify commercially viable deposits more quickly and reducing risks during the exploration process.

Egypt has a history of gold mining dating back thousands of years to the ancient Pharaonic era, but the overall development of its mineral resources remains relatively limited. About six years ago, Cairo introduced new regulations to boost investor interest by limiting taxes and fees and removing the requirement for mining companies to form joint ventures with the government.

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