KazaX Minerals Inc. (KazaX), based in Vancouver, is a recently re-capitalised mining corporation holding an interest in its first iron ore bearing property, the Lomonosovskoye deposit (the Deposit) in Kostanay, Kazakhstan. KazaX intends to acquire further iron ore properties to add to the Lomonosovskoye property, for mining exploration, development and production purposes. An extensive historical drilling programme was undertaken at the Deposit during the soviet era between 1951 and 1984. The results of exploration outlined skarn iron ore mineralization in two deposit sites under 100m of overburden, located 1km apart.

A validation drilling programme commenced in 4th Qtr 2011 and was completed in 3rd Qtr 2012. KazaX’s project development plan aims to achieve closure of the feasibility study in Q3 2013, with mine opening targeted for 4th Qtr 2013.

Infrastructure risk is negated as the Deposit is in favourable proximity to existing road / rail transportation routes, leading to established sales markets, and sources of water, gas, and power supplies are situated within 20km of the property.