Kazatomprom obtains the right for uranium exploration at a new block

National Atomic Company Kazatomprom JSC announces that it has obtained a subsoil use license for uranium exploration at Inkai-Mynkuduk block, the northern flank of the Inkai deposit located in the Shu-Sarysu uranium province in Suzak district of Turkestan region. The license is granted exclusively to Kazatomprom allowing uranium exploration for the period of 6 years with a possibility of a 5-year extension.

“Exploration of Inkai-Mynkuduk block is an important part of our updated strategy aimed at expansion and efficient use of our mineral resource base, reinforcing the company’s sustainable growth. Our estimates provide comfort for the block’s potential, marking Inkai-Mynkuduk as a promising asset for long-term development. We are proud that our efforts in prospecting and exploration of uranium deposits are delivering visible results which strengthen our leadership position in the global uranium market”, - said Meirzhan Yussupov, CEO of Kazatomprom.

Preliminary data shows that inferred uranium resources in P1 and P2 categories are estimated at more than 20 thousand tonnes. Our exploration efforts will aim to convert these resources into C1 and C2 categories, maximising the block’s potential and supporting the Company’s long-term strategic goals.

Amid growing attention to environmental sustainability and energy security, nuclear energy is becoming a key element of the global transition to clean energy. The Company strives to support this global transition paving the way for a sustainable future and strengthening its position as an international leader in the nuclear industry.