Nothing going on here .... the waiting game ..... an article with mention of Gippsland:
Posted on September 18, 2013 by Robin Bromby
Egypt’s phosphate (not realizing potential) and critical metals (still an unknown). Oh, and there’s thorium, too
Back in 1969 Soviet geologists took a great deal of interest in two small hills along the Red Sea coast. These had been found to contain niobium, tin, tungsten, lanthanum and gallium. That year the Soviet Union signed an exploration contract.
One of those areas was Abu Dabbab. Only now — some 44 years later — is Abu Dabbab about to be developed. An Australian company Gippsland (ASX:GIP) has just arranged finance from an Egyptian banking consortium and will be producing tin and tantalum. But it has been a terrible struggle: Gippsland bought into the project in 2001.
We know now that Abu Dabbab was explored extensively in the 1970s by the GIREDMET, the Geological Research Institute based in Moscow. In the 1990s the Egyptian Geological Survey and Mining Authority joined with Geominera Italiana and there was extensive drilling, with metallurgical test work done in Italy and Moscow, and the Italians even finished a feasibility study. The study included the niobium potential....
See more at: http://investorintel.com/potash-phosphate-intel/egypts-phosphate-realizing-potential-critical-metals-still-unknown-oh-theres-thorium/#sthash.ohzo9CsN.dpuf
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