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Operations & Projects

Our portfolio of tier-one assets provides exposure to copper, platinum group, zinc and other metals essential for the world’s transition to clean energy and a low-carbon economy. Our stakeholders benefit from long-life projects with low-costs, low-capital intensity and leading ESG programs.

Kazakhstan

Kazakhstan

Ownership: 20%
Pallas Resources

Ivanhoe Mines has formed an exploration Joint Venture with UK-based private company Pallas Resources, to explore the Chu-Sarysu Copper Basin in Kazakhstan. The joint venture covers a highly prospective licence package, building on decades of detailed geological data to unlock new mineral opportunities in this vast Central Asian landscape. The Chu-Sarysu is the world’s third-largest sediment-hosted copper basin, after the Central African Copperbelt and European Kupferschiefer, hosting 27 million tonnes of known copper. The basin is host to the world-class Dzhezkazgan deposit, which has been continuously mined for over a century.

Exploration activities began during the first quarter of 2025, including the hiring of an exploration team as well as tendering and awarding an airborne geophysics contract.

Fieldwork has identified copper mineralization outcropping on surface, with an approximately 20-metre thick zone. Reconnaissance work by Pallas and Ivanhoe Mines has identified visible copper mineralization at surface, in the form of malachite, azurite and chalcocite on the Merke licence. The licence is located in the south of the Chu-Sarysu Basin, and includes a 36-kilometre-long, historically-identified stratigraphic trend, with multiple samples returning between 1.0% and 5.0% copper.