Hong Kong investor to search for copper and molybdenum near Balkhash

The site is located in the Aktogay district, approximately 40 km north of Lake Balkhash. Work is planned for 2027-2031; if the deposits are rich, the investor may move to full-scale mining.

The essence in brief

• Georesurs Asia will conduct exploration for copper, molybdenum, and polymetals on a site of 35 blocks with an area of 81.3 sq. km.
• The work is planned for 2027-2031, with a total of 29 wells planned.
• The company's sole owner is Yaohua Group (Hong Kong) Co., Limited, the investment amount is not stated in the publication.
• If the reserves are rich, the investor may begin development.

What they will look for

As Qazba.kz reports, the investor intends to identify and test ore-bearing zones and assess reserves of polymetallic elements. The site consists of 35 blocks in the Aktogay district. In 2028, they plan to drill 2,300 linear meters of exploration shafts, and volumes will grow thereafter. If exploration confirms rich deposits, the investor may begin full-scale development.

Who the investor is

Georesurs Asia was registered in Astana on April 16, 2025. The sole owner is Yaohua Group (Hong Kong) Co., Limited, which has existed since 2022. According to the eGov portal, the company's main activity is listed as mining of precious stones, which Qazba.kz noted. The license term and investment amount are not stated in the publication.

What is happening around this

Interest in the subsoil of the Karaganda region and in copper is growing. The Ministry of Industry is currently working on an export duty on copper concentrate so that the raw material goes to Kazakhmys; no decision has been made yet. In the same Karaganda region, the Ulba Metallurgical Plant is looking for beryllium, tantalum, and niobium at a site in the Shet district.

Another Hong Kong investor is working in the Zhambyl region: Hong Kong Link Technology Kazakhstan plans to invest about $30 million in fluorspar mining at the Taskaynar deposit. This is a different company, not Georesurs Asia.

Author's conclusion

For now, this is only declared geological exploration, and whether mining will follow will be shown by its results. The main data about the company and the project were published based on Qazba.kz materials; there is no confirmation from government agencies in the report.