Dalares holds two Exploration Licenses for hard-rock minerals granted by the Government of the Republic of Kazakhstan – Kene and Bayash Projects.

Assets Location: Both assets are territorially assigned to the Ulan Administrative Rayon of Eastern Kazakhstan Province and located 25 km to the south of Ust-Kamenogorsk, the provincial capital (Figure 1).

The Kene and Bayash license areas are easily accessible by motor transport using a paved highway connecting Ust-Kamenogorsk and Sibiny. Distance between Kene and Bayash is 12 km.