The new tenement is believed to share a similar mineralised trend with the Ulytau project area. Credit: Khusen Rustamov from Pixabay.

C29 Metals has secured a new tenement adjoining its Ulytau Uranium Project in Kazakhstan.

The southern tenement, identified by application number 1905-EA, expands the project’s footprint by approximately 213km².

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The Ulytau project, situated in the Almaty region of southern Kazakhstan, is approximately 15km south-west of the historic Bota-Burum mine.

The region has been a hub for uranium exploration since 1953, with the Bota Burum mine commencing operations in 1956 and producing until 1991.

The Bota-Burum mine’s total reserves are reported to be around 20,000 tonnes of uranium, equivalent to 44 million pounds.

The new tenement is believed to share a similar mineralised trend with the existing Ulytau project area, suggesting potential for further uranium discoveries, the company said.

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Situated near Lake Balkhash in south Kazakhstan, the Ulytau project is poised for significant development, with historical geological work indicating substantial uranium deposits.

C29 Metals managing director Shannon Green said: “It is very exciting to have this highly prospective application granted in such a rapid time frame. This is further demonstration of the positive operating environment in Kazakhstan and the support the company is enjoying.”

In March 2024, C29 Metals signed a binding agreement to acquire complete ownership of the Ulytau Uranium Project.

At that time, the company said it would initiate ground geological works immediately through its established in-country network.

The initial efforts will focus on field mapping, locating historic drill collars, and translating technical documents and data to create a new geological database.

C29 Metals also announced plans to begin initial drilling programmes for historic data validation and to explore underexplored and unexplored areas within the tenement.