Kaz Critical Minerals LLC (KCM), a subsidiary of Kaz Resources LLC and portfolio company of Cove Capital LLC, has completed its drilling program on the Alday concession in East Kazakhstan, a key milestone in its efforts to develop critical minerals in the region. The program included 15 holes spanning 4,700 meters and sets the stage for further exploration across additional concessions.
CEO Pini Althaus expressed optimism, noting that preliminary results from the Alday site are “very promising”. KCM plans to expand its drilling activities across three other concessions, fast-tracking exploration for the remainder of the 2024 field season. The company is also benefiting from timely approvals from the Kazakhstan Government, keeping their exploration schedule on track.
KCM, with the backing of Cove Capital, remains committed to sustainable exploration, collaborating with local communities for mutual benefit. Cove Capital has also formed a strategic alliance with Kazakhstan’s Sovereign Wealth Fund and Tau-Ken Samruk to advance rare earth metal exploration, particularly through joint ventures like the Akbulak rare earth project.
Source and Credit: globenewswire.com
