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LARGE-SCALE GEOLOGIC EXPLORATION STARTS IN KAZAKHSTAN

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by June 16, 2020 General

Large-scale geologic exploration in the territory of four regions of Kazakhstan will begin by “Tau-Ken Samruk” National Mining Company, Strategy2050.kz reports with the reference to the press service of the Company. 

It should be noted that geologic exploration project will be implemented in partnership with Kazakhstan Fortescue.

The owner-operator agreement is signed between “Tau-Ken Samruk” NMC JSC and Kazakhstan Fortescue LLP, a wholly owned subsidiary of the Australian listed mining company Fortescue Metals Group Ltd.

Prospecting works will be performed over a total area of approximately 18 000 km2 on the territory of Karaganda, Almaty, Aktobe and Kyzylorda regions.

“For the implementation of geologic exploration project we have partnered with a large Australian mining company. The size of the contract area will make it a significant contribution toincreasing the exploration maturity of Kazakhstan subsoils. Working together, we hope to discover commercially significant deposits”, Kanat Kudaibergen, Chairman of the Board of Tau-Ken Samruk NMC JSC

Fortescue is a global leader in the iron ore industry, recognised for its culture, innovation and industry-leading development of world class infrastructure and mining assets in the Pilbara, Western Australia.

“Fortescue is building on its world-class exploration expertise, operational reputation and skills and capability of its people to drive future growth through product diversification and asset development. We are interested in global opportunities for commodities that support electrification and decarbonisation and we are partnering with Tau Ken Samruk to explore opportunities relating to a number of commodities, including copper”, Elizabeth Gaines, Chief Executive Officer Fortescue Metals Group

Within the first year, Kazakhstan Fortescue will acquire and analysehistorical dataand perform a large-scale regional airborne geophysical survey to collect magnetic and gravity data.

The geophysical survey will be complemented with detailed structural and geological interpretation and mapping, as well as complex ground-based geophysical surveys and drilling to define and test prospective areas for mineralization in subsequent years.

 

 

Source: Kazakhtan 2050

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