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大中矿业(001203.SZ):鸡脚山矿区通天庙矿段矿产资源储量完成备案

Dazhong Mining (001203.SZ): The mineral resource reserves in the Tongtian Temple section of the Jijiaoshan mining area have been officially recorded.

Zhitong Finance ·  Dec 9, 2024 07:23

Dazhong Mining (001203.SZ) announced that its wholly-owned subsidiary Chenzhou Chengtai Mining Investment Co., Ltd. ...

According to the Zhituo Finance APP, Dazhong Mining (001203.SZ) announced that its wholly-owned subsidiary Chenzhou Chengtai received a response from the Ministry of Natural Resources regarding the 'Review and Filing of the Mineral Resource Reserves Report for the Lithium Mine Exploration in the Tongtianmiao Mining Section of Jijiao Mountain in Linwu County, Hunan Province' (Natural Resource Reserve Document [2024] No. 193). After review, the materials submitted by Chenzhou Chengtai for the mineral resource reserves approval comply with relevant regulations and have been approved for filing.

The lithium ore volume for the exploration in the Tongtianmiao mining section of the Jijiao Mountain mining area that passed the review this time is 489.872 million tons, with a Li2O mineral quantity of 1.3135 million tons and an average grade of 0.268%. According to the 'Standards for Division of Mineral Resource Reserve Scales' (DZ/T0400-2022), it is classified as a large-scale mineral resource reserve, and its resource amount exceeds the company's expectations. If converted using the conversion coefficient between lithium oxide and lithium carbonate at 1:2.47, the equivalent lithium carbonate for the Tongtianmiao mining section of the Jijiao Mountain mining area is approximately 3.2443 million tons, showing a significant resource advantage compared to peers in the industry.

The filing of the resource quantity for the Tongtianmiao mining section of the Jijiao Mountain mining area represents a key advancement for Dazhong Mining since entering the lithium industry, which will further promote the rapid production of the company's lithium new energy project in Hunan. The company's lithium new energy project in Hunan has been listed as a key project in Hunan Province and among the top ten key industry projects, receiving support from local governments at all levels in various aspects such as project construction and licensing. The company's planned projects in the Hunan region, including the 'Annual processing of 12 million tons of lithium-containing resource comprehensive recycling project' and the 'Phase One annual production of 0.02 million tons of lithium carbonate project,' are progressing smoothly. In the future, the company will actively promote the related work of exploration and conversion to mining, striving to obtain mining licenses as soon as possible, achieve mineral development, fully utilize resource advantages, expand production capacity, and further enhance the company's profitability.

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