We initiate coverage of Arras Minerals (“Arras”) with a C$1.10/sh price target. Arras is advancing a portfolio of copper and gold assets in north-eastern Kazakhstan, including an option agreement on the Beskauga copper and gold project to earn 100% interest struck in 2020. Select reassaying of ~46km historic core, combined with four infill holes, allowed Arras to declare an initial mineral resource of 111.2Mt @ 0.66% CuEq in Indicated and 92.6Mt @ 0.60% CuEq in Inferred. The Company intends to c ....
