Business lines

From drill core to doré

Five business lines connect every stage of the gold life cycle: exploration defines the resource, mining sustains output, processing lifts recovery, trading secures the route to market, and investment replaces what is mined. Each stage is run by our own teams to our own technical standards, and critical operations are never outsourced.

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Business lines

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Value-chain stages

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Licence blocks

01

Exploration

Upstream · Resource acquisition

Exploration is the first gate in the value chain, and the only stage at which the fate of a project can still be changed at low cost.

The group holds 7 licence blocks across south-eastern and central Kazakhstan totalling approximately 813 km², located in the Almaty, Jetisu, Karaganda, Turkistan and Zhambyl regions. All contracts are current, with annual minimum exploration spend and payment obligations fully met.

Highlights

  • 7 licence blocks, 813 km² of licensed area
  • Geophysical and geochemical anomalies verified by diamond drilling; collar position and depth set by anomaly scale and the exploration grid
  • QA/QC samples at no less than 10%: standards, blanks and duplicates in parallel
Exploration
02

Mining

Midstream · Mining and stripping

Competitiveness in mining is not measured in tonnes, but in the durability of unit costs, dilution and the safety record.

Orebodies comprise mainly shallow to intermediate oxide material and the transition zone into primary ore. Mining is by open pit on 10 m benches, with pit slope angles held between 42° and 50° according to rock mass quality class.

Highlights

  • Open-pit bench mining, with stockpiling and blending by ore type
  • 10 m open-pit benches, slope angles of 42°–50°
  • Dig limits driven by the grade-control model, stabilising mill feed grade
Mining
03

Processing & Metallurgy

Midstream · Processing and recovery

Every percentage point of recovery adds resource without drilling a single additional metre.

The processing route is crushing — SAG/ball milling — gravity concentration — carbon-in-leach (CIL) cyanidation — elution and electrowinning — doré bullion. Grind size and leach conditions are set separately for each ore type.

Highlights

  • Combined gravity–CIL flowsheet producing doré bullion
  • Leach residence time of 24–30 hours, adjusted by ore type
  • Detoxified tailings dry-stacked, with process water recycled
Processing & Metallurgy
04

Precious Metals Trading

Downstream · Product and distribution

Trading delivers more than metal; it delivers a chain of custody that withstands scrutiny.

Doré produced by the Group is refined into standard bullion by LBMA-accredited refineries in Kazakhstan and sold mainly through two channels: the National Bank pre-emptive purchase right and over-the-counter agreements. Annual gold volume is around 4.2 t, settled across six markets and channels.

Highlights

  • Direct relationships with licensed refineries, banks and end buyers, through a compliant and traceable sales channel
  • Multi-currency settlement with compliance screening of cross-border payments, documented transaction by transaction
  • LBMA Gold Price benchmark with a rolling quarterly hedge
Precious Metals Trading
05

Investment & M&A

Full cycle · Corporate finance

A mining company lives as long as its pipeline; the investment team exists to keep the resource base half a step ahead of production.

The investment arm handles licence acquisition and equity partnerships. Screening prioritises three conditions: systematic exploration results already in hand, accessible infrastructure and power, and stable community and local-government relations — typically mid-scale gold assets.

Highlights

  • Licence acquisition and equity partnerships, covering due diligence, valuation, closing and post-deal management
  • Screening priorities: systematic exploration, accessible infrastructure and power, stable community relations
  • Five-stream due diligence: geological, technical, legal, environmental, social
Investment & M&A

End-to-end capability

Six stages, all under our own control

From defining a prospective area to delivering doré, the Group keeps its own teams, its own standards and an auditable record of work at every stage, avoiding the cost, schedule and quality risk that comes with outsourcing critical operations.

  1. 01

    Regional reconnaissance

    Prospective areas defined from metallogenic belt studies, followed by surface mapping and soil geochemical surveys.

  2. 02

    Drill testing

    Core holes drilled on the planned drill spacing, with systematic sampling under three-tier QA/QC.

  3. 03

    Resource evaluation

    3D geological models built and Mineral Resources estimated under the KAZRC / JORC codes.

  4. 04

    Mine construction

    Feasibility study and ESIA completed, followed by roads, power, water supply and the processing plant itself.

  5. 05

    Mining and stripping

    Load and haul directed by the grade control model to stabilise mill feed tonnage and head grade.

  6. 06

    Processing and refining

    Carbon-in-leach produces doré, refined by LBMA-accredited refineries before delivery.

Technology and equipment

Engineering that turns resources into output

Technical investment serves three ends: estimate the resource accurately, mine the ore precisely, and recover the gold completely. Every digital system we build exists to make those three measurable, day after day.

Exploration and geological modelling

Integrated interpretation of geophysical and geochemical data feeds 3D ore body models; geostatistics drives grade interpolation and resource classification, with models updated quarterly as new holes are completed.

  • 3D ore body and grade domain models
  • Geostatistical grade interpolation

Mining fleet and dispatch

GPS truck dispatch issues digging instructions from the grade control model, electronic detonators deliver precise delay sequencing, and slope stability radar tracks movement on high, steep walls to millimetre accuracy.

  • Truck dispatch and blending instructions
  • Slope radar deformation monitoring

Metallurgy and testwork

Our own metallurgical laboratory runs testwork and leach kinetics optimisation, finding the economic optimum between recovery, reagent consumption and leach time.

  • Metallurgical and leach kinetics testwork
  • Reagent consumption tuned against recovery

Digital mine

A single production data platform links mining, processing and sales: tonnes moved, head grade, recovery and cost are reconciled daily, giving mine planning and investment decisions one shared set of figures.

  • Daily reconciliation across mine, plant and sales
  • Online condition monitoring of critical equipment

Next

See where these capabilities are at work

7 licence blocks span 5 regions of Kazakhstan, covering placer gold, lode gold and polymetals. Block number, area, cell count and centre coordinates are published for each.