China Graphite (02237) announced that in 2023, the group has formulated a storage expansion plan and started at the Beishan mine...
Wisetong Finance and Economics APP News, China Graphite (02237) announced that in 2023, the group has formulated a storage expansion plan and conducted deep resource exploration drilling at the Beishan mine. A total of 25 boreholes were drilled, with a total length of about 6700 meters and drilling depths ranging from approximately 120 to 410 meters. According to the mineral resource estimation report prepared by SRK Mining Consulting (Hong Kong) Limited (SRK, an independent third-party mining consultant) as of October 2, 2024, on April 30, 2024, the total confirmed, controlled, and inferred graphite mineral resources above 150 meters above sea level were approximately 12,205 thousand tons, compared to 12,363 thousand tons as of December 31, 2023. The total graphite mineral resources below 150 meters above sea level increased significantly from 29,329 thousand tons as of December 31, 2023, to 54,898 thousand tons as of April 30, 2024.
