Kazakhstan to allocate 40.5 billion tenge for mineral exploration

Kazakhstan to allocate 40.5 billion tenge for mineral exploration

Kazakhstan will allocate more than 40.5 billion tenge this year to explore promising mineral deposits. Most of the funding will go toward geological surveys, with the rest allocated to seismic exploration. A total of 110 billion tenge will be provided from the Government reserve for these purposes over the next two years. Work is already underway. Specialists have started 20 projects to conduct detailed studies of areas that may contain deposits of gold, copper, polymetals, rare earth elements, lithium, tungsten and molybdenum. At the same time, work at 25 sites will be completed, while six seismic exploration projects will be launched in the underexplored North Torgai and Shu-Sarysu sedimentary basins. The studies will cover more than 2 million square kilometres across the country. They will include airborne geophysical and geochemical surveys, laboratory analysis, interpretation of remote sensing data and drilling.

«We are moving on to a more detailed survey at a scale of 1:50,000. This will be a large-scale survey covering the whole of Kazakhstan. Once the results are in, AI tools will be used to process the data. After the work is completed, the estimated resources of these areas and mineral deposits will be calculated. The areas will then be put up for exploration and prospecting. Based on the prospecting results, the reserves of these areas will be assessed,» said Ruslan Isnyazov, Chief Expert of the Committee of Geology at the Kazakh Ministry of Industry and Construction.