Overview

The Bozshakol project is located 56km to the northwest of the town of Ekibastuz and surrounds and covers the potential continuation of mineralization of KAZ Minerals’ Bozshakol Cu-Au mine (Reserves: 974Mt @ 0.33% Cu, 0.16 g/t Au).

The property is in the Bozshakol-Chingis magmatic arc is an accretionary arc composed mainly of volcanics, volcaniclastics, older plutons and a nickel rich ophiolite belt of Cambrian age that have been intruded by mid-Ordovician aged intrusions, several of which host economic Cu-Au porphyry mineralization. This package is regionally folded and refolded.

This area has received limited historic exploration due to unconsolidated cover masking bedrock geology. The property consists of seven exploration licenses and covers 1,397.25 square kilometers.

Geology

The geology at Bozshakol consists of the Middle Cambrian Bozshakol Complex and Lower-Middle Cambrian Bozshakol Group volcanics, and along the southeastern margin of the property occurs a large sedimentary basin of Devonian-Carboniferous-aged rocks.

The property covers several interesting exploration targets and mineralization styles, including porphyry copper-gold deposits, Volcanic-Hosted Massive sulphide deposits (VHMS), and orogenic gold deposits.

Geophysics

Historic geophysical surveys identified a large IP anomaly associated with the Bozshakol Deposit, and several unexplored IP anomalies are found with Arras’ mineral tenement package.

Bozshakol Group – Geology, IP anomalies and Arras concessions.

In December 2023, Arras minerals signed a strategic alliance with Teck Resources to explore the Bozshakol exploration package.