Teniz Resources Ltd, a company led by geologist Madina Kapenova, has been granted access to nearly 39,000 hectares for copper exploration in Kazakhstan. The Akimat of the Atbasar district issued three permits valid until 2031, allowing the company to conduct geological surveys and search for copper deposits in sedimentary rocks. The total area covered by these permits is approximately 38,838.7 hectares, equivalent to around 388 square kilometres. The first permit grants access to 14,458.8 hectares in the Sepievsky rural district, while the other two cover 21,645.1 hectares in the Pokrovsky and Makeevsky rural districts, and an additional 2,734.8 hectares in the Sepievsky village district. The permits are set to expire on May 8, 2031, for the first two areas, and June 28, 2031, for the third.
While the specific mineral resources are not detailed in the permits, Teniz Resources is associated with a project named Teniz — Sediment-Hosted Copper, as noted on the Aurora Group’s website. The company asserts that the Teniz basin is promising for discovering significant copper deposits in sedimentary formations, with surface manifestations of copper identified in at least five priority zones for further study.
Founded in the Astana International Financial Centre in August 2024, Teniz Resources is solely owned by Madina Kapenova, who also serves as the CEO, director, secretary, and authorised signatory. Kapenova has a strong background in geology, having previously worked at the Zhayrem Mining and Concentration Complex and in various capacities within the Ministry of Industry and Infrastructural Development of Kazakhstan. The ongoing expansion of geological exploration in Kazakhstan is crucial, especially as the country faces the gradual depletion of known mineral reserves. Recent government initiatives aim to auction off 100 mineral sites under simplified rules, highlighting the increasing importance of discovering new deposits.
