Pallas Resources has reported the discovery of a thick copper outcrop at its Merke and Lugovoe licences in southern Kazakhstan, while also commencing drilling at the Glubokoe Project. The developments mark major milestones in its strategic alliance with Ivanhoe Mines, reinforcing the Chu-Sarysu Basin’s status as one of the world’s most prospective copper provinces.
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This week alone, three other major prospective gold deposits have also been auctioned. The Temirchi site in Navoi region fetched 67.78 billion soums, while the Terekli site near Almalyk surged almost 20-fold to 81.8 billion soums.
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