The mining and processing complex is costed at about 100 billion tenge, the Chinese partner is Shandong Xinhai Technology, whose founder Li Chuangzhan is named in the reporting, and the operator is Resource-2018.
Bayan sits in the Aiyrtau district of North Kazakhstan region, 105 km southwest of Kokshetau and 40 km south of the village of Saumalkol. The licence area is 25.656 square kilometres and the planned pit depth 260 metres. Reserves are given as 13.174 million tonnes in category C1 and 5.279 million tonnes in C2, with a further 7.552 million tonnes classed as uneconomic. Extraction is planned across ten years, from 2027 to 2036.
The ramp is the number. Maximum annual extraction is 1 million tonnes of ore; the first year is 2,820 tonnes. Everything between those two figures is enrichment capacity, power, water and a road, and none of that has been costed in public.
Tungsten sits on every critical-minerals list that matters, and Kazakhstan holds some of the largest reserves outside China. The reporting does not say where the concentrate goes.
A deposit with a Chinese technology partner, a Chinese-founded equipment supplier and no published offtake is a project whose most important number has not been announced yet.