CALLBACK
+7 7172 75 50 50
ARAL

22 subsoil use license applications ≈ 6000 sq.km

Area is proximal to some of the largest uranium deposits - Inkai, Budenovskoye and Muyunkum-Tortkuduk Roll-fronts, associated with uranium deposits and amenable to ISR mining

The Chu-Sarysu Project is located in the Suzak District of the South Kazakhstan.

In 2023 Kazakhstan accounted for over 43% of global U3O8 production. Of the five main producing basins in the country the Chu-Sarysu and Syr Darya basins in the south of the country, account for over 75% of national production. These basins host major deposits and operational in-situ

recovery (“ISR”) mines such as Inkai, Budenovskoye and Tortkuduk/Muyunkum, which are Joint Ventures between Kazatomprom and Cameco, Uranium One and Orano respectively. In an effort to promote foreign investment, in 2018 Kazakhstan revamped its Mining Code to follow western standards which involved a revision of subsoil and subsoil use licencing and provisions.