To support ever-growing global demand for metals utilized in sustainable and renewable technologies IG is actively pursuing opportunities in strategic territories, Kazakhstan and Mongolia through its regional subsidiary IG Asia:

Pribrezhniy Project, Kazakhstan

The Project is a classic high sulfide copper porphyry deposit with a leachable copper oxide portion alone showing robust economics and quick path to production

  • Located in the highly prospective Kounrad Copper Cluster, 30 miles from Balkhash City in the Republic of Kazakhstan
  • Former Rio Tinto Asset now owned 75% by IG Asia (The remaining 25% of the joint venture is owned by KazGeology, a Kazakhstan state geological entity.)
  • Ongoing exploration shows excellent upside within at least five areas of the license
  • IG Asia won a competitive bid for a 75% controlling interest in the Project by committing to US$11m in expenditures over five years for completion of a Prefeasibility Study
    • Additional terms include cash payment and an NSR upon reaching name plate production
  • Between 2018-2023 over 50,000m were drilled and an advanced scoping level study completed for robust metallurgical, hydrogeological, geotechnical and environmental studies and attractive economics
    • IG Asia sees an opportunity to increase the mineral inventory through exploration and as part of the purchase will complete a Prefeasibility Study
    • Recent drill intercept of 0.74% Cu over 120m not yet incorporated in Mineral Inventory Model. May 1st Press Release
Principle porphyry copper-gold plays in Kazakhstan and IGs areas of interest

Pribrezhniy is a Classic High Sulphide Porphyry Typical vein systems, breccia zones and alteration hosted by monzonogranite, monzogranite porphyry and tonalite divided into northern and southern zones around a core which was previously thought to be barren but at the end of the final evaluation drilling campaign significant intercepts of mineralized breccia were encountered in the previously untested “barren’ monzogranite. Opportunity to infill the eastern side to create an ‘arc’ and expand resources to the south.

Pribrezhniy : Copper oxide mineralization in weathered granite

TN5 Project, Mongolia

TN5 is an early-stage porphyry Cu-Au-Mo prospect held 100% by IG Asia and located 160 km WNW of producing mine Oyu Tolgoi (Rio Tinto) and south of  Kharmagtai Cu/Au porphyry (held by Australian junior, Xanadu Mines) eroded system, which holds >5 Moz of Au & 2.5 Mt of Cu of open-pitable resources @ ~0.35% CuE. 

The target at TN5 is a major T1 copper-gold-molybdenum porphyry.  Exploration to date has revealed the potential for a very large, highly mineralized system:  surface mapping and grab samples have returned up to 5% Cu, greater than 0.4 g/t Au with as high as 30 g/t Au, greater than 5 g/t Ag and significant Mo. 

Since January 2024, the Company has begun an exploration program that includes diamond drilling, and additional surface geochemistry and geophysics.

Highlights of the first phase of drilling include:

  • Local strong copper mineralization occurs over the entire area drilled to date and is represented by chalcopyrite, bornite, chalcocite, and lesser chrysocolla
  • Every hole drilled to date, within both intrusives and upper hornfelsed sediments, has encountered vein to veinlet controlled mineralization wherever the holes intercepted structurally prepared rocks as well as fracture controlled mineralization
  • Understanding of structural trends have been greatly enhanced from the first round of drilling
  • Five intrusive phases have been recognized thus far

Follow-up geophysical, geochemical and geological soil mapping surveys, combined with information gleaned from the first phase 3000m drilling program will be combined to guide the second round 5000m drill program.

Other Copper and Gold Projects in Kazakhstan project pipeline


  • Large scale potential Cu porphyry deposit with low cost earn-in to 60% by spending next $600k in exploration over three years
  • A large advanced argillic alteration zone with strong coincident Cu/Mo/Au anomalies and B and D type veins related to possible porphyry system at further depth
  • Results are pending on completed 8-hole diamond drill program
Katutau Mountains and Licence


  • Represents a new porphyry copper opportunity along the Chingiz-Tarbagatay major front, a large new area identified for copper-gold porphyry deposits
  • The Area of Interest was identified from local research including reprocessed aster imagery
  • SRK Kazakhstan has also reviewed part of the district highlighting multiple Cu-Au occurrences from Soviet-era data


  • JORC Indicated & Inferred resource of 200Koz Au with potential for 2Moz+
  • Strike length over 8km with widths from 30-80m, Inferred & Indicated resource 200,000 oz Au
  • IG Asia to drill next phase of 10,000m at cost for share in project equity

Lithium Exploration, Kazakhstan & Mongolia

IG Asia has early-stage lithium exploration targets based on internally developed exploration model, which includes:

  • processing remotely sensed data; assessing the right combination of deep crustal faults, climate conditions, nearby source rocks and bedrock geology.
  • This “special know how” has been applied with impressive results on known, producing lithium brine projects in the US and South America
  • exploration focus is on lithium assets in brine-rich basins: potential for discovery of large-scale, long-lived lithium in brine deposits amenable to low-impact direct ion extraction methods
  • The Company’s interest is to determine the potential for sustainable lithium from brines amenable to direct ecofriendly extraction to be developed or sold

IG Drilling Kazakhstan

IG Asia Established IG Drilling in Kazakhstan in 2021., IG Drilling currently operates a Boart Longyear LF-90C diamond coring drill and a CS-14 diamond coring drill. Our experienced drill crews have a track record of drilling complicated geological terranes and are committed to a culture of always improving HSE standards to fit to the Client’s ESG program. Drill operations are supported by a motivated logistics team based in Karaganda which also houses the workshop, maintenance facilities, and critical spares.

IG Drilling can provide coring services for exploration, evaluation, and geotechnical drilling to 800m depth at diameters ranging from BQ to PQ and has a track record of controlled directional drilling and core orientation. IGD’s work ethic is to keep ‘bit turning on bottom’ as safely as possible and has consistently achieved average penetration rates of over 60 metres per day. Productivity is maintained and reliance on short-term IG Asia capital injections are reduced as IGD offers its services commercially as well as servicing its own in-house drill programs. 

IG also considers ‘drill-for-equity’ arrangements on a case-by-case basis whereby profits on drilling are converted to shares in the client company.