Region: Kazakhstan

[vc_section][vc_row][vc_column][distance desktop_type=”30″][lvs][distance desktop_type=”30″][vc_btn title=”Source – pallasresources.com” color=”sky” i_type=”material” i_icon_material=”vc-material vc-material-perm_device_information” add_icon=”true” link=”url:https%3A%2F%2Fwww.pallasresources.com%2F|target:_blank”][distance desktop_type=”30″][vc_column_text]

[/vc_column_text][distance desktop_type=”30″][vc_btn title=”Subscribe to news digest” color=”danger” i_type=”openiconic” i_icon_openiconic=”vc-oi vc-oi-heart-empty” add_icon=”true” link=”url:https%3A%2F%2Fminexforum.com%2Fuser-subscriber-registration%2F|target:_blank”][distance desktop_type=”30″][/vc_column][/vc_row][/vc_section]

[vc_section][vc_row][vc_column][distance desktop_type=”30″][lvs][distance desktop_type=”30″][vc_btn title=”Источник – arrasminerals.com” color=”sky” i_type=”openiconic” i_icon_openiconic=”vc-oi vc-oi-info” add_icon=”true” link=”url:https%3A%2F%2Fwww.arrasminerals.com%2Ffebruary-13-2023|target:_blank”][distance desktop_type=”30″][vc_column_text]Arras Minerals Corp. (TSX-V: ARK) (“Arras” or “the Company”) has recently acquired three new mineral exploration licenses in the Pavlodar Province of Kazakhstan. The new licenses, which were granted by the Ministry of Industry and Innovational Development of the Government of Kazakhstan, cover a total of 364 square kilometres and further strengthen Arras’ position as the largest license holder in the highly prospective Bozshakol-Chingiz metallogenic belt.

The addition of these three licenses brings Arras’ total land package in northeastern Kazakhstan to over 3,300 square kilometres and the licenses are located within a 120-kilometre radius of Arras’ operational base in the city of Ekibastuz. This will allow for cost-effective exploration, which is essential for a mineral exploration company.

The compilation, digitization, and interpretation of Soviet-era geological and geophysical datasets have already identified multiple targets for porphyry, epithermal, volcanic-hosted massive sulfide, and orogenic gold mineralization within the new licenses. This is an exciting development, as it suggests the potential for the discovery of significant mineral deposits within the licenses.

With the acquisition of these licenses, Arras has now established itself as the third-largest license holder with prospects for copper gold in the Republic of Kazakhstan, behind only Rio Tinto and Fortescue Metals Group. This is a significant accomplishment and is a testament to the hard work and dedication of the Arras team.

Arras CEO, Tim Barry, commented on the acquisition, saying, “We are capitalising on our position as an early player in the highly promising Bozshakol-Chingiz belt and have added valuable licenses to our portfolio. Last year, we completed our first field season and the results of our examination of Soviet-era data sets and recent geophysical surveys have led us to make these acquisitions. The company continues to seek opportunities to enhance its project portfolio and we anticipate the analysis of the over 16,000 soil samples collected during the field season to be finished in the coming months. This will precede the start of our regional field program in May, where we plan to follow up on newly identified high-priority targets.”[/vc_column_text][distance desktop_type=”30″][vc_btn title=”Подпишитесь на дайджест новостей” color=”danger” i_type=”openiconic” i_icon_openiconic=”vc-oi vc-oi-heart-empty” add_icon=”true” link=”url:https%3A%2F%2Fminexforum.com%2Fru%2Fregistracziya-podpischika%2F|target:_blank”][distance desktop_type=”30″][/vc_column][/vc_row][/vc_section]

[vc_section][vc_row][vc_column][distance desktop_type=”30″][lvs][distance desktop_type=”30″][vc_btn title=”Source – dprom.kz” color=”sky” i_type=”material” i_icon_material=”vc-material vc-material-perm_device_information” add_icon=”true” link=”url:https%3A%2F%2Fdprom.kz%2Fnovosti%2Fkazahmis-zapusteet-gokee-na-dvuh-myestorozhdyeneeyah%2F|target:_blank”][distance desktop_type=”30″][vc_column_text]TOO “Kazakhmys“ is investing around 2.1 trillion tenge in the construction of Mining and processing plants at Aydarly and Koksay copper deposits.

AO “Aydarly Project”, a subsidiary of “Kazakhmys”, is developing the eponymous deposit. The enterprise plans to launch the GOK at the deposit by 2027. The projected capacity of future production is 50 million tons of ore per year. The reserves of the Aydarly site are estimated at 5.87 million tons of copper ore (average metal content in ore – 0.38%), 14.1 tons of gold and about 2.2 thousand tons of silver.

Another deposit from the corporation’s assets is being developed by the subsidiary “Consolidated Mining and Construction Company”. The company plans to build a GOK at Koksay by 2026. The annual capacity of this plant should also be 50 million tons of ore. The Koksay deposit contains 3.5 million tons of copper ore (average metal content in ore – 0.42%), 64 tons of gold and 865 tons of silver.

According to the chairman of the board of “Kazakhmys” Nuraqmet Nuriyev, the company consulted with scientific and exploration organisations of the Republic of Kazakhstan, composing projects for future productions. This is due to the fact that the raw material base of the mine sites differs in low copper content in the ore.

“Kazakhmys” invited the “Russian Copper Company” to develop the projects as it has successful experience in the development of the Tominsk and Mikheevskoye deposits with low content in the ore.[/vc_column_text][distance desktop_type=”30″][vc_btn title=”Subscribe to news digest” color=”danger” i_type=”openiconic” i_icon_openiconic=”vc-oi vc-oi-heart-empty” add_icon=”true” link=”url:https%3A%2F%2Fminexforum.com%2Fuser-subscriber-registration%2F|target:_blank”][distance desktop_type=”30″][/vc_column][/vc_row][/vc_section]

[vc_section][vc_row][vc_column][distance desktop_type=”30″][lvs][distance desktop_type=”30″][vc_btn title=”Source – www.gov.kz” color=”sky” i_type=”material” i_icon_material=”vc-material vc-material-perm_device_information” add_icon=”true” link=”url:https%3A%2F%2Fwww.gov.kz%2Fmemleket%2Fentities%2Fmiid%2Fpress%2Fnews%2Fdetails%2F499874%3Flang%3Dru|target:_blank”][distance desktop_type=”30″][vc_column_text]One of the biggest projects is the “Cyclic–Potato Technology“ for “Bogatyr“.

The Cyclic-Potato Technology project, currently being implemented for Bogatyr, is a large-scale endeavour that has the objective of reducing the carbon footprint of energy plants and allowing for the complete and efficient extraction of resources with a capacity of 230 meters. To fulfil this goal, several key pieces of equipment are being developed to ensure that the technology meets the standards set by the world. In addition to this project, JSC Shubarkol Komir is also creating a facility for the production of speciality products. This new enterprise is another successful venture that is part of the importation program and is projected to produce up to 400 thousand tons of products. The new plant is intended to produce items of higher value than those that are imported, allowing for a reduction in the number of foreign imports.

The two projects that are being undertaken in tandem make up a large-scale effort to reduce the carbon footprint of energy plants, while also providing quality speciality products instead of relying on imports. The Cyclic-Potato Technology project is a crucial piece of the puzzle, with the goal of providing the necessary basic technological equipment to make this happen. The ferroalloy plant in Ekibastuz, on the other hand, is responsible for producing up to 240 thousand tons of products that meet world standards, while the Shubarkol Komir plant will ultimately be able to produce up to 400 thousand tons of products with higher added value. Both of these projects will have a positive impact on the environment and will help to reduce the reliance on imports.
[/vc_column_text][distance desktop_type=”30″][vc_btn title=”Subscribe to news digest” color=”danger” i_type=”openiconic” i_icon_openiconic=”vc-oi vc-oi-heart-empty” add_icon=”true” link=”url:https%3A%2F%2Fminexforum.com%2Fuser-subscriber-registration%2F|target:_blank”][distance desktop_type=”30″][/vc_column][/vc_row][/vc_section]

[vc_section][vc_row][vc_column][distance desktop_type=”30″][lvs][distance desktop_type=”30″][vc_btn title=”Source – proactiveinvestors.co.uk” color=”sky” i_type=”material” i_icon_material=”vc-material vc-material-perm_device_information” add_icon=”true” link=”url:https%3A%2F%2Fwww.proactiveinvestors.co.uk%2Fcompanies%2Fnews%2F1003287%2Fsarytogan-graphite-s-final-drill-results-for-2022-from-namesake-kazakhstan-play-increase-confidence-ahead-of-upgrade-1003287.html|target:_blank”][distance desktop_type=”30″][vc_column_text]Sarytogan Graphite Ltd (ASX:SGA) has welcomed positive final results from its 2022 drilling campaign at Sarytogan Graphite Deposit in central Kazakhstan.

All assays for the 46 diamond drill holes drilled for 3,044.6 metres during the year are now in.

Highlights

These results reveal significant graphite intersections above 25% total graphitic carbon (TGC) returned around the margins of the Central Graphite Zone (CGZ) within the existing 209 million tonnes at 28.5% TGC inferred mineral resource, including:

• 13.3 metres at 33.6% TGC from surface including 4.4 metres at 37.9% in St-94;
• 5.5 metres at 29.3% TGC from 1.3 metres and 69.1 metres at 25.3% from 12.3 metres including 7.1 metres at 39.5% and including 4 metres at 36.5% and 13.6 metres at 21.3% from 91.6 metres in St-97; and
• 22.9 metres at 31.2% TGC from surface including 6 metres at 36.3% in St-98.

Near-surface high-grade graphite confirmed with close-spaced drilling in the Northern Graphite Zone (NGZ) returned the following intersections:

• 26.8 metres at 30.4% TGC from surface ending in mineralisation in St-99; and
• 47.6 metres at 31.3% TGC from surface including 13.9 metres at 40.2% and including 6.8 metres at 37.0% in St-100.

Sarytogan managing director Sean Gregory said: “All assays from the 2022 drilling have now been received.

“The results have consistently returned thick intersections of high-grade graphite mineralisation both within and beyond the existing giant mineral resource.

“The planned upgrade to the mineral resource estimate is now underway ahead of further metallurgical test-work and economic evaluation.”

Next steps

The company is sponsoring optimisation work at Australian and German laboratories, following excellent early results in 2022 that returned up to 99.87% TGC purity.

A mineral resource upgrade, focusing on estimating a proportion of indicated resources as well as increasing the total tonnage, is now underway ahead of further metallurgical test-work and economic evaluation.[/vc_column_text][distance desktop_type=”30″][vc_btn title=”Subscribe to news digest” color=”danger” i_type=”openiconic” i_icon_openiconic=”vc-oi vc-oi-heart-empty” add_icon=”true” link=”url:https%3A%2F%2Fminexforum.com%2Fuser-subscriber-registration%2F|target:_blank”][distance desktop_type=”30″][/vc_column][/vc_row][/vc_section]

[vc_section][vc_row][vc_column][distance desktop_type=”30″][lvs][distance desktop_type=”30″][vc_btn title=”Source – proactiveinvestors.co.uk” color=”sky” i_type=”material” i_icon_material=”vc-material vc-material-perm_device_information” add_icon=”true” link=”url:https%3A%2F%2Fwww.proactiveinvestors.co.uk%2Fcompanies%2Fnews%2F1004644%2Fferro-alloy-resources-expects-to-be-operationally-profitable-in-2023-1004644.html|target:_blank”][distance desktop_type=”30″][vc_column_text]Ferro-Alloy Resources Ltd (LSE:FAR), the vanadium producer and developer of the Balasausqandiq deposit in Southern Kazakhstan, said it expects to be ‘operationally profitable’ this year.

Progress will be driven by an increase in the quantity of concentrates to be treated, and higher recoveries of vanadium, molybdenum and nickel. Increased prices expected for vanadium, and a return to more normal levels of transport, fuel and reagent costs will also help, the company said.

“The impact on 2023 should be substantial,” noted Ferro-Alloy chief executive Nick Bridgen in a statement.

Looking back to the end of 2022, Ferro-Alloy said it experienced delays in concentrate deliveries to its plant during the fourth quarter and December in particular.

This will negatively impact its financial results for 2022 with gross revenue of US$6.8mln and a net loss of $3.3mln forecast. The company exited the year with cash of US$4.2mln.

Looking ahead, CEO Bridgen said: “The company’s main activity for 2023 will be the completion of the feasibility study into the Balasausqandiq vanadium project, which is expected in the fourth quarter of 2023.”[/vc_column_text][distance desktop_type=”30″][vc_btn title=”Subscribe to news digest” color=”danger” i_type=”openiconic” i_icon_openiconic=”vc-oi vc-oi-heart-empty” add_icon=”true” link=”url:https%3A%2F%2Fminexforum.com%2Fuser-subscriber-registration%2F|target:_blank”][distance desktop_type=”30″][/vc_column][/vc_row][/vc_section]

[vc_section][vc_row][vc_column][distance desktop_type=”30″][lvs][distance desktop_type=”30″][vc_btn title=”Source – eaststarplc.com/news” color=”sky” i_type=”material” i_icon_material=”vc-material vc-material-perm_device_information” add_icon=”true” link=”url:https%3A%2F%2Fotp.tools.investis.com%2Fclients%2Fuk%2Feast_star_resources%2Frns%2Fregulatory-story.aspx%3Fcid%3D2741%26newsid%3D1663716|target:_blank”][distance desktop_type=”30″][vc_column_text]East Star Resources Plc (LSE:EST), the Kazakhstan-focused mineral explorer announced that as a result of a detailed literature review following its successful 2022 helicopter electromagnetic (“HEM”) survey, it has identified a substantial copper-lead-zinc-deposit (“Cu-Pb-Zn”) located within its 100% owned ‘RA3’ licence, centrally located in the world-class Rudny Altai VMS belt. The newly identified polymetallic volcanic and sediment hosted exhalative sulphide (“VSHMS“) deposit (the “Verkhuba Deposit”) is within the greater Verkhuba Ore District which includes the (previously announced) four Priority 1 HEM anomalies, and has the potential to become a deposit of regional significance.

Alex Walker, East Star CEO, commented:

“The Verkhuba Deposit is a game changer for East Star. It leapfrogs the Company from being a greenfield explorer to a brownfield resource development company. Part drilled and part buried beneath thin cover, the Cu-Pb-Zn deposit has huge potential upside from ore zone extensions within the Verkhuba Ore District as well as high-priority EM targets.

The Verkhuba Ore District contains volcanogenic-hosted massive sulphide targets adjacent to sediment-hosted exhalative sulphide mineralisation, implying a long-lived hydrothermal system generating multiple high-grade deposits within the same area.

Rudny Altai is a significant copper producing region with excess processing capacity from both Glencore and KAZ Minerals. The identification of the Verkhuba Deposit is yet another validation our exploration thesis and we are excited to commence resource delineation drilling with additional updates to be delivered as digitisation of historic drilling continues and the 2023 exploration programme commences.”

[/vc_column_text][distance desktop_type=”30″][vc_btn title=”Subscribe to news digest” color=”danger” i_type=”openiconic” i_icon_openiconic=”vc-oi vc-oi-heart-empty” add_icon=”true” link=”url:https%3A%2F%2Fminexforum.com%2Fuser-subscriber-registration%2F|target:_blank”][distance desktop_type=”30″][/vc_column][/vc_row][/vc_section]

[vc_section][vc_row][vc_column][distance desktop_type=”30″][lvs][distance desktop_type=”30″][vc_btn title=”Source – mining.com” color=”sky” i_type=”material” i_icon_material=”vc-material vc-material-perm_device_information” add_icon=”true” link=”url:https%3A%2F%2Fwww.mining.com%2Fresults-hint-at-high-grade-copper-gold-in-beskauga-project-arras-says%2F|target:_blank”][distance desktop_type=”30″][vc_column_text]Arras Minerals (TSXV: ARK) has stated that results from three drill holes at its Beskauga copper–gold project in northeastern Kazakhstan suggest it holds high–grade zones. Diamond drill hole Bg22012 has returned 365 metres grading 0.54–grams of gold per tonne, 0.4% copper, 2 grams silver per tonne and 35.3 million parts per million (ppm) molybdenum (0.9% copper–equivalent or 1.06 grams gold–equivalent) starting from 41 metres downhole, Arras said in a news release on Monday. “Drilling at Beskauga continues to deliver near–surface, broad intervals of significant copper–gold mineralisation”, Arras CEO Tim Barry said in the release. “These grades are indicative of high–grade zones found throughout the deposit which we continue to review as we explore the core of this very extensive system.” The 63 sqm project, which is located approximately 300 km east–northeast of the capital, Astana, is subject to a four–year option–to–purchase agreement signed in 2020 with private Swiss company Copperbelt AG. The agreement requires Vancouver–based Arras to spend $15 million on exploration over the term before Arras can buy all of Beskauga for an additional $15 million. Hole Bg22012 also included 29 metres grading 0.6–gram gold, 0.5% copper, 2.1 grams silver and 31.8 ppm molybdenum (1% copper equivalent or 1.2 grams gold–equivalent) from 87 metres down–hole. Furthermore, this hole cut 64 metres grading 1.8 grams gold, 1% copper, 4.6 grams silver and 66.5 ppm molybdenum (2.6% copper–equivalent or 3.2 grams gold–equivalent) from 120 metres depth; and 30 metres grading 2.95 grams gold, 1.5% copper, 6.2 grams silver and 63.8 ppm molybdenum (4% copper–equivalent or 4.8 grams gold–equivalent from 120 metres downhole. Additionally, hole Bg21010 outside of the Beskauga main deposit intersected “strong advanced argillic to argillic alteration and local zones of copper–gold mineralisation”, which Arras believes is indicative of concealed porphyry–style mineralisation in the thick volcano–sedimentary package that is separated from Beskauga main by a northwest to the southeast fault zone. Arras began a 30,000–metre diamond drill program in October 2021, with more assay results expected in the coming months. The Beskauga deposit has an indicated mineral resource of 111.2 million tonnes grading 0.5–gram gold per tonne, 0.3% copper and 1.3 grams silver for 1.75 million ounces of contained gold, 333,600 tonnes of copper and 4.79 million ounces of silver. Inferred resources add 92.6 million tonnes grading 0.5 gram gold, 0.2% copper and 1.1–gram silver for 1.49 million ounces of contained gold, 222,200 tonnes of copper and 3.39 million ounces of silver. The resource estimate was completed in December 2021.

Beskauga is situated 130 km west of KAZ Minerals’ Bozshakol porphyry–copper–gold mine, one of the country’s largest. Beskauga is near the town of Ekibastuz, which serves the largest coal mine in Kazakhstan and provides a trained workforce for Arras. The project is accessible via a paved road, power lines, a heavy rail line and an irrigation canal, all of which are located within a 25–km radius.[/vc_column_text][distance desktop_type=”30″][vc_btn title=”Subscribe to news digest” color=”danger” i_type=”openiconic” i_icon_openiconic=”vc-oi vc-oi-heart-empty” add_icon=”true” link=”url:https%3A%2F%2Fminexforum.com%2Fuser-subscriber-registration%2F|target:_blank”][distance desktop_type=”30″][/vc_column][/vc_row][/vc_section]

[vc_section][vc_row][vc_column][distance desktop_type=”30″][lvs][distance desktop_type=”30″][vc_btn title=”Source – Atygay Gold Mining” color=”sky” i_type=”material” i_icon_material=”vc-material vc-material-perm_device_information” add_icon=”true” link=”url:https%3A%2F%2Fwww.atgm.kz%2Fen%2F|target:_blank”][distance desktop_type=”30″][vc_column_text]

• In the first year the amount of investments is 128,362 thousand USD, including – CAPEX 47,044 thousand USD, OPEX 81,318 thousand USD.
• Project NPV 176,231 thousand USD.
• IRR, 69%.
• Payback period, years 3.
• Discounted payback period, years 3.
• Products

Annual capacity:

74 thousand ounces of gold in doré bars.
2 million tons of gold ore.

Project

The project provides for the construction of a gold recovery plant (GIF) on the West-Khazretskaya area (location – Kostanay region, Zhitikarinsky district). During the development of deposits, it is planned to use an open method for the extraction of gold ore, which is then subject to processing at the refinery.

Company

The initiator is Atygay Gold Mining LLP. The company received 6 gold mining licenses for a period of 25 years under the exclusive right. The total area of 6 licenses was 33 km2. The company is exempted from MET payment for 5 years.

The attractiveness of the project

The right to mine gold-bearing ore in 12 explored areas of the West Khazret area. The distance between the areas is from 0.5 to 10 km.
Stocks. The total reserves + resources in the West Khazret area exceed 50 tons of gold.
The ores of the West-Khazretskaya area are poor sulfide with the only useful component in the form of gold. Gold is in a free state. The extraction of gold into Doré alloy from oxidized ores was 94%, from primary 89%.

Investment proposal

The project requires funding in the amount of USD 128,362 thousand.[/vc_column_text][distance desktop_type=”30″][vc_btn title=”Subscribe to news digest” color=”danger” i_type=”openiconic” i_icon_openiconic=”vc-oi vc-oi-heart-empty” add_icon=”true” link=”url:https%3A%2F%2Fminexforum.com%2Fuser-subscriber-registration%2F|target:_blank”][distance desktop_type=”30″][/vc_column][/vc_row][/vc_section]