Union Transnationale Minière S.A.
Union Transnationale Minière S.A. has been incorporated in Luxembourg on 28 November 2013. Its main prupose aims to acquire, explore and develop mineral deposits in the Republic of Kazakhstan.
At 26 February 2014 Frontier Mining Ltd sold 100% of its subsidiary FML Kazakhstan LLP, owner of the Naimanjal licence area, to Union Transnationale Miniere S.A.
The Naimanjal licence area is located approximately 200 km West of Semey in North East Kazakhstan, with four commercial discoveries covering 529km², including Baitemir, Yubileiny and Beschoku.
Operations are currently focused on the development copper porphyry deposit with associated gold and molybdenum at Baitemir.
Anticipated production at Baitemir includes ore from Beschoku and Yubileiny, prospects located on a 25km copper/gold trend in favourable proximity to planned facilities.