Exploration project with SH Minerals LLP in Turkestan region

On July 28, 2021, as part of the exploration project between Tau-Ken Samruk and Kazakhstani junior company SH Minerals LLP (hereinafter – SH) to search for rare and rare earth metals and uranium deposits on one license, a Nur Dala JV joint venture was established with a split of 80% by 20% interest in favor of SH and Tau-Ken Samruk respectively. The license has an area of 41.54 km2 and is located in the Turkestan region. On September 09, 2021, the license was transferred in favor of the joint venture.

In the period of 2020-2022, active geological exploration, including core drilling and sampling for further laboratory analysis have been carried out on the project.

At the moment, SH continues to carry out exploration work.