Project UpdateJul 10, 2026, 08:01 AM
Kaz Resources' Cove Kaz Unit Begins Site Prep for Tungsten Project
AI Summary
Cove Kaz Capital Group LLC, a unit of the future Kaz Resources Inc. (formed by the business combination with Skyline Builders Group Holding Limited), announced the commencement of site preparation in July for the Severniy Katpar tungsten deposits in Kazakhstan. This work supports the Definitive Feasibility Study (DFS) for the project, which holds the world's largest known undeveloped tungsten resource. The company also appointed Adil Amerkhanov as CFO for Kazakhstan Operations. The project is expected to produce 12,000 metric tonnes per annum of tungsten trioxide, representing about 15% of current global production.
Key Highlights
- Cove Kaz Capital Group began site preparation in July for Severniy Katpar tungsten deposits.
- Work includes initial land survey, road establishment, drill pad preparation, and site office opening.
- Activities support the Definitive Feasibility Study (DFS) for the tungsten project.
- Adil Amerkhanov appointed Chief Financial Officer of Kazakhstan Operations for Cove Kaz.
- Severniy Katpar holds 1.4 million tonnes of tungsten trioxide (WO3) mineral resources.
- Project anticipates 12,000 mtpa WO3 production, representing 15% of global output.
- Cove Kaz acquired 70% controlling interest in Severniy Katpar LLP on April 29, 2026.
- Cove Kaz is combining with Skyline Builders Group to form Kaz Resources Inc.
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