en.Wedoany.com Reported - Cove Kaz Capital Group has announced that on-site preparatory work will begin in July at the Severniy Katpar tungsten project in Kazakhstan, supporting the final drilling phase required for the Definitive Feasibility Study (DFS).
On-site activities will commence in the open-pit areas of the Northern Katpar and Upper Kairakty tungsten deposits, collectively referred to as Severniy Katpar. Initial operations include land surveying, construction of site access roads, and preparation of drilling platforms. Core drilling is scheduled for August, followed by upgrades to existing access routes. Additionally, the installation of perimeter fencing and a meteorological monitoring station is part of the early site development. The project will utilize heavy industrial equipment, with increased road construction activity expected from July to November to support subsequent drilling operations.
Dominic Heaton, CEO of Cove Kaz Capital Group, stated that this marks the first major commercial activity at the site since its initial exploration during the Soviet era. These activities will support drilling and engineering teams in advancing the final engineering study for the tungsten project. Through collaboration with partner Tau-Ken Samruk, Cove Kaz is moving the project into its final pre-production phase.
A feasibility study completed in April 2023 identified Severniy Katpar as hosting the world's largest known undeveloped tungsten resource. Its Joint Ore Reserves Committee-compliant mineral resource estimate stands at 1.4 million tons of tungsten trioxide. Annual production is projected at approximately 5,000 tons from Northern Katpar and 7,000 tons from Upper Kairakty, totaling 12,000 tons per year. This output is expected to account for roughly 15% of current global tungsten production. To support the study, Cove Kaz Capital Group has appointed a senior manager in Kazakhstan. In February of this year, the company signed an agreement with state-owned mining company Tau-Ken Samruk to advance the development of Kazakhstan's tungsten deposits.
