Muzbel
A gold deposit 40 km from Taskora. Exploration in 2020–2025 confirmed 1.0 Moz of gold in JORC Mineral Resources. The next step is a processing plant with a capacity of 3 Mtpa of ore.
About 31 t of metal
By-product metal in the same ores
30.3 Mt of ore
Design processing capacity
1 Independent Mineral Resource estimate in accordance with the JORC Code (2012), effective date 13 May 2026, 0.25 g/t Au cut-off. Mineral Resources are not Ore Reserves and do not have demonstrated economic viability. 2 Planned figure; the investment decision follows a feasibility study.
JORC Code (2012) estimate
Resources are reported within an optimised pit shell.
- Ore
- 30.3 Mt
- Gold
- 1.00 g/t · 1.0 Moz (about 31 t)
- Silver
- 0.67 g/t · 0.65 Moz
- Effective date
- 13 May 2026
- Cut-off grade
- 0.25 g/t Au
Independent estimate under the JORC Code (2012). Mineral Resources are not Ore Reserves and do not have demonstrated economic viability. The full report is available to investors under NDA.
Five years of work to international standards
From 2020 to 2025 a full exploration cycle was completed at Muzbel: trenching, diamond drilling, geological and block modelling. Samples were assayed at the ALS and SGS international laboratories with QA/QC based on certified reference materials, blanks and duplicates.
- Diamond drilling
- 141 holes, 27,600 m
- Trenches
- 25 trenches, 5,400 m
- Laboratories
- ALS, SGS
- Mineralisation
- Traced over 850 m along strike and to a depth of about 360 m; open at depth
- Metallurgy
- Non-refractory ore with mostly free gold; cyanide leach recovery of about 92% in test work
Development plan
- Construction of a gold processing plant with a capacity of 3 Mtpa of ore.
- Infill drilling to increase confidence in the resource.
- Study of deeper horizons: mineralisation is open at depth.
- Use of the infrastructure and team of Taskora, 40 km away.
- Location
- Ayagoz District, Abai Region; Northern Balkhash area
- Nearest railway station
- Sayak, 70 km
- Contract
- Valid until 31 December 2032