Condor Energies secures a second critical minerals mining licence in Kazakhstan, covering 6,800 hectares. This licence enhances exploration capabilities for valuable minerals in a geothermally active region with significant lithium and other mineral deposits. The strategic positioning between Europe and China aims to secure sustainable supply chains for critical minerals, bolstered by Condor’s existing initiatives in natural gas and LNG.
Condor Energies, a Canadian energy transition firm, has been granted its second critical minerals mining licence in Kazakhstan by the relevant government ministry. The Kolkuduk licence encompasses an area of 6,800 hectares and allows for a six-year exploration period focused on solid minerals, complementing Condor’s existing 37,300-hectare Sayakbay licence.
Both licences are positioned within a geologically interesting and faulted area known for geothermal activity. This setting has aided in the migration of mineral-rich brines into local reservoirs, enhancing the potential for valuable minerals. The strategic location of these sites between Europe and China provides vital access to critical minerals markets.
The Ministry of Geology of Kazakhstan reported that a previous hydrocarbon exploration well drilled within the Kolkuduk area revealed brine deposits with lithium concentrations reaching up to 130 mg per litre. Historical assessments have identified significant brine reservoirs containing additional minerals such as rubidium, strontium, and cesium, spanning a 1,000-meter column with both tested and untested zones.
Condor Energies President and CEO Don Streu emphasized that the company’s commitment to developing critical minerals aligns with global efforts to create secure, sustainable supply chains. He highlighted Kazakhstan’s status as a strategic minerals-producing nation crucial for many countries’ national security and economic vitality.
Streu noted, “Condor’s expanding critical mineral initiatives complement our existing Uzbekistan natural gas production enhancement project and our developing Kazakhstan liquified natural gas (LNG) transportation fuel business. This positions the company to be a valuable supplier of secure, stable, and sustainable energy and mineral needs in the geopolitically strategic central Asia region.”
Additionally, Ivanhoe Mines has partnered with UK-based Pallas Resources to explore the Chu-Sarysu copper basin, indicating ongoing mineral exploration activity in Kazakhstan.
Condor Energies’ acquisition of the Kolkuduk mining licence, along with their strategic location and focus on critical minerals, situates the company advantageously in the evolving global minerals market. The proximity to significant brine deposits containing lithium and other critical minerals not only supports supply chain security but also promotes the diversification of energy sources in central Asia. These efforts underscore Kazakhstan’s role in supporting international economic stability through its mineral resources.
Original Source: www.mining-technology.com
