Kazakhstan is far afield, but low costs make it an attractive draw, said Darren Klinck, president of Arras Minerals.
Last week Klinck spoke to Kitco Mining at the 2024 Precious Metals Summit Beaver Creek in Colorado.
Arras Minerals is advancing a portfolio of copper-gold assets in Kazakhstan. The company is exploring a porphyry belt.
Klinck said the country has an all-important cost advantage compared to other jurisdictions.
“I think one of the big challenges we have right now is cost structure,” said K. “It's a low cost jurisdiction. It's not only…cheap to drill compared to many other parts of the world—you're at 200 meters above sea level. Your cost to mine…is some of the lowest in the world.”
Klinck said the country is well endowed geologically.
“We think we have a very good chance of making a new tier one discovery,” said Klinck.
Coverage of the 2024 Precious Metals Summit Beaver Creek in Colorado is sponsored by Newcore Gold.
0:00 - Why focus on Kazakhstan?
2:16 - Political risk
3:43 - Advancing copper projects
6:14 - Russia and China
8:07 - Result highlights
11:11 - M&A
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