Arras Minerals (“Arras”) has relinquished its option on the Beskauga deposit, favouring its wider portfolio including the Elemes and Tay projects, and avoiding a US$15m cash payment to Copperbelt AG to purchase the entire property which was due in June. Beskauga was instrumental in gaining Arras its foothold in Kazakhstan. However, now established with the third largest land package focussed on copper exploration in Kazakhstan, this comparatively expensive option was no longer required to mainta ....