MSALABS enters Kazakhstan

MSALABS, part of London-listed mining services group Capital Limited, is signing a partnership agreement today at the 2023 PDAC event in Toronto, Canada, with Kazakhstan’s Aurora Minerals Group.

Under the “franchise partnership”, MSALABS and Aurora will provide geochemistry services to Kazakhstan’s mining industry. Principals of the companies said in Toronto a new laboratory “rocks to data” offering would deliver state-of-the-art mineral analysis capabilities in Kazakhstan, a leading global producer of uranium, chromium, tungsten, zinc and lead.

MSALABS CEO Stuart Thomson said the business, a key growth area for Capital, had made a strong start to 2023.

New labs in three regions and entry into a new country was indicative of the “increasing strength and robustness of MSALABS”. Thomson said commissioning of new Chrysos PhotonAssay mineral sample analysis units – an alternative to traditional fire assaying – in Canada, Tanzania, Mali and the Democratic Republic of Congo underlined the “undeniable” demand for the “revolutionary technology”.

“In partnership with Chrysos, we are proud to be bringing this technology to western Canada with our new commercial laboratory at Prince George where we can service the significant mining region,” he said.

“We look forward to many strong years ahead of us as we further grow and develop our global footprint, including the deployment of 21 Chrysos PhotonAssay units by 2025.”

Capital posts its FY22 financial results next week. It will provide new guidance for MSALABS and its other core businesses.


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