Mining Stock Daily Introduction to Pallas Resources and Exploration in Kazakhstan
Apr 23, 2025
Simon Cooper, CEO of Pallas Resources, shares insights on copper and gold exploration in Kazakhstan. He highlights the region's immense potential and discusses partnerships with major mining firms like Ivanhoe Mines. The conversation covers data-driven strategies for exploration, extensive drilling plans totaling 16,000 meters, and considerations for going public following successful discoveries. Cooper also touches on the exploration of lithium and nickel, showcasing the company's adaptable approach amidst market challenges.
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Kazakhstan's Huge Exploration Potential
- Kazakhstan holds vast untapped copper and gold belts with great discovery potential.
- A 50-year exploration gap post-Soviet era creates unique opportunities.
Focused Exploration Portfolio
- Palace Resources focuses on copper and gold across three distinct belts in Kazakhstan.
- Priority is sediment-hosted copper, the third largest basin globally, plus porphyry copper and gold belts.
Capital and Project Management Strategy
- Operate projects directly with a skilled team and leverage partnerships for capital.
- Incubate non-core commodities in spin-off portfolio companies to maintain focus and fund exploration.