Condor Energies has acquired a second critical minerals mining licence in Kazakhstan, named Kolkuduk, which spans 6,800 hectares. This licence allows for six years of exploration and is located near another significant licence. The region’s geology has attracted attention for its mineral wealth, including lithium and other valuable minerals, while positioning Condor for strategic access to critical minerals markets.
Condor Energies, a Canadian company focused on energy transition, has received its second critical minerals mining licence from the Kazakhstan government. This licence, known as the Kolkuduk licence, spans 6,800 hectares and allows the company a six-year term to explore solid minerals. It is strategically located near Condor Energies’ existing 37,300-hectare Sayakbay licence.
The Kolkuduk licence is situated in a geothermally active and faulted region, promoting the migration of mineral-rich brines into reservoirs. These two licences, positioned between Europe and China, provide direct access to critical minerals markets. Previous drilling in the Kolkuduk area has revealed lithium concentrations as high as 130 mg per litre in discovered brine deposits.
Historical data identifies a significant 1,000-meter column of both tested and untested brine reservoirs. In addition to lithium, other minerals such as rubidium, strontium, and cesium have been documented in the area. Don Streu, the president and CEO of Condor, stated that the company’s commitment to developing critical minerals in Kazakhstan aligns with global efforts to establish diverse and sustainable supply chains crucial for national security and economic growth.
Streu emphasized Kazakhstan’s strategic importance in the global minerals market, asserting that critical minerals are essential for many nations’ security and prosperity. He noted that Condor’s ventures in critical minerals complement its ongoing projects, including an enhancement project for natural gas production in Uzbekistan and a liquefied natural gas (LNG) transportation business in Kazakhstan, establishing multiple revenue streams for the company.
Additionally, Ivanhoe Mines has recently entered into a joint venture with UK-based Pallas Resources aimed at explorations in the Chu-Sarysu copper basin in Kazakhstan.
In summary, Condor Energies has successfully secured its second critical minerals mining licence in Kazakhstan, enhancing its strategic position in critical minerals exploration. The Kolkuduk licence not only complements its existing Sayakbay licence but also reflects a broader global initiative to develop secure supply chains of critical minerals. With a diverse portfolio of projects, Condor is well-positioned to contribute to energy and mineral needs in a geopolitically significant region.
Original Source: www.mining-technology.com
