The Haerdaban PbZn deposit (with an ore reserve of 10.93 Mt. at 1.0–25.65 % Zn and 0.7–12.29 % Pb) is hosted in weakly metamorphosed clastic‑carbonate rocks from the Proterozoic Haerdaban Group. It represents a significant addition of the sediment-hosted PbZn deposits in the Yili block, Chinese western Tianshan. Currently, there are ongoing debates regarding its genesis, with a particular focus on the crucial metallogenic mechanism (syngenetic sedimentary exhalation or epigenetic reworking) responsible for the primary sulfide mineralization. Mineralization at Haerdaban primarily occurs as banded to stratiform ore layers or lenses conformably sandwiched in their host rocks. Vein and stockwork ores occur locally below the stratiform ore layers. A syn-sedimentary fault trending SN was identified based on abrupt lateral changes in lithofacies and thickness of the stratigraphic units. The ore mineralogy is dominated by sphalerite, galena, quartz, and dolomite, with a small amount of pyrite, barite, and organic matter. Detrital zircon LA-ICP-MS UPb dating of the Haerdaban siltstones obtained a maximum depositional age of about 604 Ma. Their geochemical composition similar to the passive continental margin signatures, with rare earth element (REE) patterns enriched in LREE and negative Eu anomalies (Eu/Eu* = 0.50–1.14). Stratiform beds of chert that host disseminated ores have relatively high contents of hydrothermal components (e.g., Ba, Zn), with apparent positive Eu anomalies (Eu/Eu* = 7.38–49.34) and negligible negative Ce anomalies (Ce/Ce* = 0.85–0.98). They are thus interpreted to be hydrothermal sedimentary rocks (exhalites) deposited in a suboxic-anoxic environment proximal to the hydrothermal vents. Integrated geological and geochemical evidence indicates that the Haerdaban PbZn deposit is a typical vent-proximal sedimentary exhalative (SEDEX) deposit formed in a Neoproterozoic Sinian (Ediacaran) passive continental margin rift basin. Post-depositional metamorphism and deformation in the Paleozoic may have caused partial remobilization of primary ores but did not significantly alter the morphology of the orebodies. Furthermore, establishing a genetic model for the Haerdaban deposit has important implications for the exploration of similar deposits preserved in the equivalent stratigraphy within the Chinese western Tianshan region.