Mining

Syrymbet

the world's largest undeveloped tin deposit

123.3 million

tons of ore - the total mineral resources of the deposit as a whole

until 2028

exploration and production contract

About the company

The mining company Syrymbet JSC was established in 1998. In the middle of 2017. The company was renamed Tin One Mining JSC. The company's main asset is the Syrymbet deposit. The project plans to develop the Syrymbet tin deposit and build a mining and metallurgical complex in the Republic of Kazakhstan. Definitive Feasibilty Study (DFS), one of the leading engineering design companies, was hired;

The development of a bank feasibility study according to international standards, including inventory calculation and technology certification and improving the project economy, will significantly reduce the cost of financing by (1) attracting a strategic and/or financial investor, as well as (2) attracting debt financing at significantly lower rates.

Intelligence history

In 1985, wells established industrial tin mineralization (primary ores) on the area of the Syrymbet ore field (Semenkov, 1989). During tin exploration at the Syrymbet ore field (Kuzovenko, 1990), at the Syrymbet site, the presence of tin-bearing weathering cores, which are a new industrial type of tin-containing raw material, was established.

The Syrymbet ore field is located in the northwestern part of the Kokchetav Middle Massif, within the Volodarsky ore district. Structurally, the Syrymbet ore field is confined to Shok-Karagay synclinoria, composed of siliceous carbon deposits of the Sharyk Formation of the Upper Riphean, broken by two rods (Syrymbet and Saryk Rybulak) porphyry granite of the Middle Late Devonian (Orlinogorsk) intrusive complex. Industrial tin mineralization is associated with the northwestern exocontact rocks of the Syrymbet massif, which is localized mainly among metasomatically modified rocks of the Sharyk Formation: mudstones, siltstones, limestones, marls and their weathering crust. To a lesser extent, tin ore mineralization is observed in granitoids.

The complex of metasomatically modified rocks of the Sharyk Formation is ore-containing in relation to tin mineralization. Granitoids from the Syrymbet and Sarybulak massifs are ore-generating and partly ore-containing in relation to tin mineralization. Granitoids are the ore-containing and ore-generating formation for tantalum-niobates. They can be traced in the form of ridge-shaped bodies of the northeastern stretch.

Field description

Within the part of the Syrymbet ore field, which is part of the geological branch of Tin One Mining, there are: the Syrymbet tin ore deposit, which consists of three sections: the South-Western, Central, and North-Eastern, as well as the Sarybulak section of tantalum-niobates. This report provides an estimate of tin ore reserves in the South-Western, Central and North-Eastern sections.

1

Industrial mineralization within the Syrymbet ore field is represented by oxide and sulfide ores;

2

In addition to the main industrial mineral tin, more than 70 minerals have been found in primary ores;

3

The Syrymbet deposit is a complex rare-metal-polymetallic facility (Sn, W, Ta, Nb, Mo, Be, Bi, Cu, F, S) with high levels of lead and zinc, antimony and precious metals in favorable lithological and structural areas;