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kazax minerals inc (KZX) Details

KazaX Minerals Inc. is primarily involved in the acquisition, exploration, and development of mineral properties in Kazakhstan. It owns the exploration and production rights in the Lomonosovskoye iron ore project, which is located in Kostanay Oblast. The company was formerly known as Newbridge Capital Inc. and changed its name to KazaX Minerals Inc. in March 2012. KazaX Minerals Inc. was incorporated in 2005 and is based in Astana, Kazakhstan.

Founded in 2005

kazax minerals inc (KZX) Top Compensated Officers

Total Annual Compensation: C$373.3K
Total Annual Compensation: $36.2K
Compensation as of Fiscal Year 2012.

kazax minerals inc (KZX) Key Developments

Kazax Minerals Inc. Provides Update on Drilling Programme at Lomonosovskoye

Kazax Minerals Inc. provided an update on its current exploration drilling programme at the Lomonosovskoye iron project located in Kostanay Oblast, Kazakhstan. The work, which commenced in September 2013, has successfully completed 9,141 metres of a planned 10,360 metre programme. Of the completed drilling, over 1,200 samples of drill core have been delivered to an independent lab - ALS at Ust-Kamenogorsk, in Kazakhstan. Assay results are expected by May 2013. As a result of further data processing of soviet era information, which was located in 2013 through government library information services and previously unknown to the Company, the Company plans to extend its drilling programme into 2014 with a further 11 exploration holes - 6 holes within the envelope of two adjacent projected pits and 5 holes outside this boundary, targeting magnetic anomalies and the presence of copper and zinc mineralisation. Out of the 6 holes to be drilled within the pit boundary, 5 are targeting a zone between the two pits previously thought to be potentially barren. The historic soviet data demonstrates interesting mineralization and magnetic anomalies lying between these two areas. This could positively influence pit design work being conducted as part of the Bankable Feasibility Study (BFS) process. The examination of this historical information has been running concurrently with the drilling programme. The Company currently anticipates completion of the initial drill programme by March 2014 and the extended drill programme by May 2014. The Company expects to produce a revised technical report in compliance with National Instrument 43-101 upon announcing the results from this drill programme.

Tarek Damerji and David Savage Not Stand for Re-Election to the Board of Directors of Kazax Minerals Inc

Effective November 8, 2013, following the Annual General and Special Meeting of Kazax Minerals Inc. announced that Tarek Damerji and David Savage did not stand for re-election.

KazaX Minerals Inc. Approves Amendment to Articles

Kazax Minerals Inc. announced that the 2013 Annual General and Special Meeting of the shareholders of the company held on November 8, 2013 approved to amend its Articles to provide for annual general and special meetings of the shareholders to be held in Dubai, United Arab Emirates or at another location outside of British Columbia as may be determined by the directors at the time such meeting is called.


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