Canada-based Arras Minerals Corp. has provided an update on its Strategic Alliance with Teck Resources Limited and outlined its exploration plans for 2026 across its licence portfolio in Kazakhstan, following Teck’s decision to exit the staged option phase of the agreement.
The two companies entered into the alliance in December 2023 to explore for copper across approximately 1,900 square kilometres of Arras’ licence package in Kazakhstan’s Pavlodar region. Under the agreement, Teck funded around $5 million in generative exploration over a two-year period, with Arras acting as project manager. Teck had the option to select up to four designated properties for further investment of up to $47.5 million per project to earn up to a 75% interest, but has elected not to proceed to this second phase.
Despite the decision, the alliance delivered extensive exploration results. Over two years, the program identified three new porphyry systems along a 54-kilometre trend parallel to the operating Bozshakol copper-gold mine, defined a large hydrothermal system at the Besshoky project, and generated a substantial geochemical and geophysical dataset. Work included nearly 40,000 soil samples, airborne magnetic surveys, Heli-EM and induced polarization surveys, 479 top-of-bedrock drill holes, and 18 diamond drill holes totaling more than 5,200 metres.
Drilling returned multiple mineralized intercepts across several targets, confirming porphyry-style alteration and mineralization at Shirderty, Bozshakol South and Tort Kuduk. At Tort Kuduk, one hole intersected 34 metres grading 0.25 g/t gold, highlighting precious-metal upside alongside copper potential.
Teck said that while the results did not meet its threshold to advance to the next phase, it remains positive on Kazakhstan and will continue as a supportive shareholder. Arras management described the alliance as successful in narrowing a large land package into a focused set of high-priority targets and said many warrant further follow-up.
For 2026, Arras plans additional geophysical surveys, including magnetotelluric and gravity work, followed by targeted diamond drilling at several copper porphyry prospects. The company also intends to advance precious metals-focused targets that were not drilled during the alliance period and could reach drill-ready status with additional fieldwork.
Arras said the work completed with Teck’s funding has significantly de-risked its portfolio and strengthened the pipeline of drill targets, supporting continued exploration of its Elemes copper-gold project and other priority areas across its Kazakhstan licences.
