Kazakhmys is intensifying its geological exploration efforts in the Ulytau region, with plans to drill over 50,000 metres in search of new resources. The company is focusing on deep horizons of existing mines and promising areas within the Zhezkazgan deposit to refine its resource potential, as reported by IA NewTimes.kz. The drilling operations are being conducted by Kazakhmys Barlau, a subsidiary of Kazakhmys, which has already completed approximately 10,000 metres of drilling using five drilling rigs.
The initial phase of drilling on the flanks of the deposit has been completed, and current research is concentrated on deep horizons and near-surface mineralisation. Experts are investigating the continuation of ore bodies and prospective zones where additional resources may be located. The results obtained from this extensive drilling programme will be crucial for clarifying the resource potential of the Zhezkazgan deposit and determining future directions for geological exploration.
Kazakhmys has stated that identifying new resources is essential for replenishing its mineral resource base, which could potentially extend the operational lifespan of the Zhezkazgan deposit. The company emphasises that the development and replenishment of its mineral resource base is one of its strategic priorities. To support this goal, Kazakhmys is actively studying the resource potential of both existing deposits and promising areas.
In a previous report, NewTimes.kz noted that Kazakhmys has increased its funding for geological exploration in the Zhezkazgan direction to $40 million per year by 2026. The company has also ramped up its drilling volumes and commenced work on several promising sites, indicating a robust commitment to enhancing its exploration and resource development activities in the region.
