Caspian Sunrise (LSE:CASP) has completed the acquisition of the Tau-Cen Project in Kazakhstan, marking its first non-oil and gas minerals investment.
The Tau-Cen licences cover 235.8km², with exploration rights running until 2031. The project primarily targets titanium, zirconium, and gold.
An exploration work plan has been approved by Kazakh authorities, and topographic surveys and magnetic exploration are underway. Caspian expects to drill around 12,000 linear metres.
As part of the deal, originally announced in December 2025, Caspian paid £700,000 ($1.34 million) through a combination of cash and shares.
Chairman Clive Carver says Tau-Cen is the company’s first move into the commercially attractive minerals sector.
“The acquisition provides the group with strong potential upside with each of the titanium, zirconium, and gold targets for minimal cost,” Carver says.
Tau-Cen was first explored during the Soviet era, when explorers drilled more than 180 drill holes with an average depth of 7m and a maximum depth of 20m. At the time, beryllium and scandium were detected.
Rare earth metals are also bound within the zirconium concentrate and are associated with inclusions of monazite and xenotime. The concentration of total rare metals in the zirconium concentrate is 0.4%.
Caspian Sunrise is a natural resources company focused on projects in Kazakhstan.
Write to Aaliyah Rogan at Mining.com.au
Main image: iStock
