Kazakhstan Tungsten

Cove Kaz Capital Group, a portfolio company of Kaz Resources, has executed definitive transaction documents with Tau-Ken Samruk National Mining Company, including a Share Purchase Agreement (SPA) and Shareholders’ Agreement (SHA), to advance the development of the Northern Katpar and Upper Kairakty tungsten deposits in Kazakhstan.

The Northern Katpar and Upper Kairakty projects are being advanced as a long-term tungsten resource to U.S. industrial, defense, and advanced manufacturing supply chains. Under the joint venture, Cove Kaz Capital maintains a 70 percent ownership interest and Tau-Ken Samruk retains a 30 percent ownership in Severniy Katpar LLP. The projects collectively represent the largest known undeveloped tungsten resource globally. The most recent feasibility studies report JORC-compliant mineral resources containing 1.4 million tonnes of tungsten trioxide (WO₃), equating to roughly 70 percent of Kazakhstan’s estimated tungsten resources. Planned annual production is approximately 5,000 metric tonnes per annum (mtpa) from Northern Katpar and 7,000 mtpa from Upper Kairakty, for a combined 12,000 mtpa—representing approximately 15 percent of global production as of 2025. Both deposits are near-surface, bulk-tonnage scheelite systems located in the established Karaganda mining district with strong infrastructure.

KAZ Resources is building a portfolio of critical mineral resources in Central Asia with processing andrefining capabilities to provide downstream beneficiation.
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This includes the Northern Katpar and Upper Kairakty tungsten projects Kazakhstan, the Akbulak Rare Earths Element joint venture, and historical exploration licenses whichare legacy geological exploration concessions awarded by the Government of Kazakhstan.