Assets
Key project highlights
- The Project is located in Eastern Kazakhstan near the city of Ust-Kamenogorsk, a mining and metallurgical center of Kazakhstan.
- The project area (Kene and Bayash) includes 21 exploration blocks;
- The estimated resources are 490,000 tonnes of Li2O with high upside potential (Kene). There is a considerable lithium resource upside for 200,000 tonnes Li2O at Bayash property.
- The license area is located within the Kalba-Narym (Kazakhstan) - Burchum (China) rare element pegmatitic belt with over 50 years of history of mining and processing of tantalum, beryllium, and tin.
- Secured mining license.
- Short lead time (up to 3 months) for securing an environmental permit.
- Strong local community support. The agreement between the Dalares and Local Government is in place.
- Low labor, energy, diesel and gasoline costs.
- Unique location and excellent infrastructure:
▶ 25 km from the industrial city of Ust-Kamenogorsk;
▶ 40 km from Ust-Kamengorsk International Airport;
▶ 35 km to the railroad cargo facilities;
▶ 600 km from the railroad checkpoint at Chinese border;
▶ 35 km to the power generation and distribution facilities;
▶ Easily sourced local labor - geologists, mining engineers, metallurgists, including young talented graduates of the East Kazakhstan Technical University;
▶ Access to metallurgical downstream facilities for rare metal processing (Ta, Nb, Be, etc.).
Project location
The Project is territorially assigned to the Ulan administrative district of Eastern Kazakhstan Oblast (Province). The Project is located 25 km south-east of Ust-Kamenogorsk, the capital of Eastern Kazakhstan Oblast, one of the most industrialized cities in the country. Kene is located 9 km to the west of Bayash Utepov village, and Bayash - 2.5 km to the east of the village. The distance between Kene and Bayash is 12 km.
Project access, topography & climate
The project area is easily accessible by paved roads (R-157 and R-159).
The tenements are located in the northern slopes of the Kalba Ridge at altitude of 600-900m above sea level.
The climate is sharply continental with cold winters (may reach -40°C) and hot summers (up to +40°C). Despite the cold winter, the fieldwork is carried out throughout the year, as conditions allow.
Project geological setting
Both Kene and Bayash LCT pegmatites are located within the lithium Karagoin-Saryozek zone (60km x 10km), a part of the Kalba-Narym (Eastern Kazakhstan – Burchum (China) Rear-Element Metallogenic Belt.
