Endeavour Mining and East Star Resources form Kazakhstan gold exploration venture

September 15, 2026 at 05:21 PM2 min

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Endeavour Mining and East Star Resources plan a joint venture to explore for gold in northern Kazakhstan. Endeavour can earn a 51% stake by funding $5 million in exploration over two years. The venture's total exploration budget is $25 million.

Key Facts

Endeavour Mining can earn a 51% stake in the joint venture by funding $5 million in exploration over two years.
The joint venture's total exploration budget is $25 million.
The venture targets two licence areas in northern Kazakhstan covering over 300,000 square kilometres.
East Star Resources has applied for new exploration licences covering more than 930 square kilometres.
Endeavour Mining is the largest gold producer in West Africa with assets in Senegal, Côte d'Ivoire and Burkina Faso.

Joint Venture Structure

Endeavour Mining and East Star Resources plan to form a joint venture for gold exploration in northern Kazakhstan. Endeavour can earn a 51% stake by funding $5 million in exploration during the first two-year phase. The total exploration budget for the joint venture is $25 million. East Star Resources announced the agreement on the London Stock Exchange.

Exploration Targets

The venture will explore two prospective licence areas within the Kazakhstan orogenic bend, covering over 300,000 square kilometres. East Star has completed initial field studies on 15 priority areas and applied for new licences covering more than 930 square kilometres. The company used artificial intelligence to process historical geological data in Russian and English. The target is intrusion-related gold systems, similar to the Vasilkovskoye deposit in East Kazakhstan.

East Star's Kazakhstan Portfolio

East Star Resources is preparing to start drilling at the Verkh-Uba deposit in East Kazakhstan, with financing from China's Xinhai. East Star and Kazakhstan's Nova Ltd plan to develop the Rulikha copper project in East Kazakhstan. East Star recently identified a new geophysical anomaly at the Snezhnoe area in central Kazakhstan.