Cove Kaz Advances Northern Katpar Tungsten Project with Site Prep
Event summary
- Site preparation begins July 2026 at Northern Katpar tungsten deposit in Kazakhstan.
- Definitive Feasibility Study (DFS) drilling set for August 2026.
- Adil Amerkhanov appointed CFO of Kazakhstan Operations with 20+ years PwC experience.
- Project holds largest undeveloped tungsten resource globally: 1.4M tonnes WO3.
- Planned production: 12,000 mtpa (15% of global supply).
The big picture
Cove Kaz's advancement of the Northern Katpar project comes as critical mineral supply chains face increasing geopolitical scrutiny. The project represents a significant portion of undeveloped tungsten resources, positioning Kazakhstan as a key player in global metal markets. With planned production representing 15% of current global output, success could reshape tungsten supply dynamics.
What we're watching
- Execution Risk
- Whether Cove Kaz can maintain schedule for DFS completion and production start.
- Strategic Partnerships
- How Tau-Ken Samruk's 30% stake influences project governance and decision-making.
- Market Dynamics
- The pace at which global tungsten demand grows to absorb additional supply.
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