Key facts
| Location | North-Kazakhstan region, Kazakhstan |
| Ownership | 55% |
| Partner | Berkut Mining LLP, a subsidiary of Lancaster Group |
| Mineralisation | Rare-earth-polymetallic (Sn, W, Cu, CaF2), primary metals — tin and copper |
| Mineral resources (JORC) |
Tin: 492.4 Kt, 0.40% average grade Copper: 91.4 Kt, 0.07% average grade GE: 5.9 Moz1 |
| Next step | Board approval for construction — 2025 |
1 Gold equivalent Mineral Resources are estimated based on the Sn, Cu, Au spot prices as at 30.10.2024.
Syrymbet is a complex rare-earth-polymetallic deposit (Sn, W, Cu, CaF2) located in the Ayirtau district of the North-Kazakhstan region. In 2024, Solidcore acquired 55% interest in the project from Berkut Mining LLP, a subsidiary of Lancaster Group, for US$ 82.5 million.
With tin as its major component, Syrymbet perfectly fits the Company’s strategy of enhancing and diversifying its exposure to the green transition.
The partnership with Lancaster Group is a strategic alignment that allows to apply joint extensive experience to develop such a technologically complex polymetallic deposit as Syrymbet.
Syrymbet was discovered in 1985, with further exploration activities and assessment works conducted between 1986 and 2012. A Mineral Resource estimate in accordance with the JORC Code (2012) was completed in 2015, followed by a pre-feasibility study in 2016. An updated Mineral Resource estimate was issued in 2018 as a part of the Definitive Feasibility Study. Technological studies and metallurgy design were continued between 2018 and 2020. A JORC-compliant Mineral Resource estimate comprised 492.4 Kt of tin at a grade of 0.40% and 91.4 Kt of copper at a grade of 0.07% (5.9 Moz of GE estimated based on the Sn, Cu, Au spot prices as at 30.10.2024).
The deposit is suitable for open-pit mining. Solidcore will refine the existing approach to processing to accelerate path to production, optimise capital expenditures and reduce environmental footprint of the project.
The deposit is a complex rare-earth-polymetallic deposit (Sn, W, Cu, CaF2) occurring within favourable lithological and structural settings. Four mineralisation zones within Syrymbet ore field are comprised of oxide and sulphide ore.
Mineral Resources estimate in accordance with the JORC code (2012) as at 5 October 2018.
| Category | Tonnage, Mt | Tin grade, % | Copper grade, % | Tin, Kt | Copper, Kt |
|---|---|---|---|---|---|
| Measured | 45.8 | 0.45 | 0.14 | 207.2 | 63.6 |
| Indicated | 9.1 | 0.33 | 0.07 | 29.7 | 6.5 |
| Measured + Indicated | 54.8 | 0.43 | 0.13 | 236.9 | 70.1 |
| Inferred | 68.5 | 0.37 | 0.03 | 255.5 | 21.3 |
| Total | 123.3 | 0.40 | 0.07 | 492.4 | 91.4 |
Tin (periodic table symbol Sn) is a silvery-white, malleable metal with a slight blue hue. Although scarce, with only 0.001% found in the earth’s crust, tin is not considered rare. It is primarily found in cassiterite ores, often alongside base and rare earth metals. Tin’s unique properties and recyclability position it as a crucial material in production: the key applications include electronics, where it is essential for soldering, as well as in alloys, tin plating, and emerging technologies such as lithium-ion batteries for electric vehicles and photovoltaic cells for solar panels.