Darren Klinck of Arras Minerals Corp. talks to Joe Mazumdar | Metals Investor Forum Sept. 2026

Summary

Arras Minerals has doubled its 2026 drill program to 40,000 metres at Elemes, with four rigs now turning at the Kazakhstan copper-gold project.

Three porphyry centres have been identified along the 10-kilometre Breschi trend, anchored by a 939-metre hole of 0.71% copper-equivalent at Breschi North.

Top-of-bedrock (KGK) reconnaissance is testing the Amundai soil anomaly cheaply at about $25 a metre.

Kazakhstan's all-in drill cost of $120 a metre, diesel near $0.50/L and power around $0.03/kWh give remote copper-gold mines an unusually low capex hurdle.

Equity raised at $0.85 in 2025 and $1.36 in 2026 funds drilling through late 2027, with ~55,000 metres expected by year-end.

Darren Klinck's takeaways

Top takeaway The speaker says hole 32 at Breschi North cut 939 meters at 0.71 Cu-Au equivalent and ended in mineralization, which the company geologist interprets as drilling on the edge of an underlying porphyry system that is still open

The company plans roughly 55,000 meters of cumulative drilling by year-end 2026, having doubled its program from 20,000 meters to 40,000 meters with four rigs running across the Breschi trend

Klinck describes the Breschi trend as a 10-kilometer corridor covering about 15 to 20 square kilometers, with three porphyry centers identified to date: Breschi North, Breschi Central, and Breschi East, with additional untested targets still to be drilled

The company is well financed for roughly 18 months as of the September 2026 interview, with funding carried through to the back end of 2027 after recent equity raises at $0.85 and $1.36

The guest argues Kazakhstan is in the box seat because drilling costs $120 a meter, diesel runs at $0.50 a liter, power is 2.5 to 3 cents per kilowatt-hour, and existing mining and downstream-processing infrastructure — including a new copper smelter and nearby refractory-gold autoclave — make large projects more economic to build