MINEX Forum

Tag: Definitive Feasibility Study

  • Cove Kaz Capital Group Launches Definitive Feasibility Study for Northern Katpar Tungsten Project in Kazakhstan

    Cove Kaz Capital Group Launches Definitive Feasibility Study for Northern Katpar Tungsten Project in Kazakhstan

    Cove Kaz Capital Group LLC, a U.S.-based company dedicated to the development of critical mineral resources in Kazakhstan, has announced the commencement of a Definitive Feasibility Study (DFS) for its Northern Katpar tungsten project. The study, which is set to begin in July 2026 and conclude by the end of 2027, aims to support a Final Investment Decision and meet the due diligence requirements of potential financing partners, including U.S. financial institutions. The Northern Katpar project is held by Severniy Katpar LLP, in which Cove Kaz holds a 70% controlling interest.

    The engagement of top global engineering firms marks a significant step in the project’s development. DRA Global has been appointed as the lead contractor, responsible for mineral processing, while ERM will oversee geology, mine planning, and environmental frameworks. Knight Piésold will provide expertise in geotechnical and hydrological services. This consortium of contractors will work alongside Cove Kaz’s experienced in-house team, led by CEO Dominic Heaton, who has a proven track record in tungsten mining.

    The DFS will outline the overall mine plan for Northern Katpar and inform the construction of a refinery designed to produce ammonium paratungstate (APT), a key tungsten product. The project is positioned to address the current global tungsten supply deficit, which is particularly acute given the systemic shortages that existing mines cannot meet. With significant undeveloped tungsten resources, the Northern Katpar and Upper Kairakty deposits are expected to contribute approximately 12,000 metric tonnes per annum to global production, representing a substantial share of the market. Cove Kaz Capital Group aims to establish a long-term, secure supply of tungsten to support critical industrial and high-technology applications.

  • EBRD Raises Stake in Kazakhstan Graphite Project to 18.4% With Fresh AUD 1.4 Million Investment to Fund Feasibility Study

    EBRD Raises Stake in Kazakhstan Graphite Project to 18.4% With Fresh AUD 1.4 Million Investment to Fund Feasibility Study

    The European Bank for Reconstruction and Development has made a follow-on equity investment of AUD 1.4 million in Sarytogan Graphite Limited, increasing its stake in the ASX-listed company to 18.4% as it continues to back the development of one of the world’s largest known high-grade graphite deposits in Kazakhstan.

    The proceeds will be used to complete an upstream definitive feasibility study and fund project-related development activities including environmental work and product marketing. Sarytogan Graphite is developing its namesake deposit in Kazakhstan, a project that has attracted growing attention given graphite’s designation as a critical raw material and its essential role in electric vehicle batteries, the electric power industry and metallurgy.

    The investment maintains the EBRD’s position as a significant minority shareholder in the project and forms part of the bank’s broader engagement with Kazakhstan’s critical minerals sector. The EBRD has invested approximately $12.6 billion across 352 projects in Kazakhstan, making the country the largest and longest-running recipient of EBRD investment in Central Asia.

    The move reflects accelerating institutional support for graphite supply chain development outside China, which dominates global graphite production and processing. Western governments and multilateral development banks have increasingly directed capital toward critical mineral projects in allied and partner jurisdictions as supply chain resilience becomes a strategic priority.

  • Sarytogan Graphite Secures $1.4 Million Top-Up from EBRD to Advance Definitive Feasibility Study

    Sarytogan Graphite Secures $1.4 Million Top-Up from EBRD to Advance Definitive Feasibility Study

    Sarytogan Graphite Limited (ASX: SGA), a key player in the mining industry specializing in natural graphite extraction, has announced a $1.4 million top-up placement from the European Bank for Reconstruction and Development (EBRD). This follows a previous $5 million investment, bringing EBRD’s total investment in the company to $6.4 million. The funding is part of a broader package aimed at supporting Sarytogan’s Definitive Feasibility Study, which is on track for completion by mid-2026.

    The additional investment will increase EBRD’s shareholding in Sarytogan Graphite Limited from 17.3% to 19.99%. This increased stake reflects the EBRD’s confidence in the company’s operations and its strategic positioning in the critical raw materials market.

    Sarytogan’s primary project, the Sarytogan Graphite Deposit located in the Karaganda region of Central Kazakhstan, is recognized as a Strategic Project under the European Union’s Critical Raw Materials Act. This designation underscores the project’s importance in supplying sustainable critical raw materials, particularly for battery production and other strategic uses.

    The company’s focus on sustainable mining practices and its strategic location make it a vital player in the global supply chain for critical raw materials. The completion of the Definitive Feasibility Study will be a significant milestone, providing a clearer picture of the project’s potential and its role in meeting the growing demand for graphite in various industries.