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.