Astana-based KazaX Minerals Inc. (KazaX) is finalizing the Definitive Feasibility Study for its Lomonosovskoye (LOMO) Project, near the established iron-ore mining district of Rudniy in northwestern Kazakhstan.
KazaX has recently announced an upgrade in the mineral resources classification at LOMO which includes 507.8Mt Measured & Indicated at 29.89% Fe. The deposit demonstrates a similar geological setting to nearby operating magnetite Fe open pit and underground mines.