Jinshi Resources to acquire 80% of equity in Ningguo Zhuangcun Mining

Jinshi Resources announced on December 5 that the company intends to acquire an 80% stake in Ningguo Zhuangcun Mining Co.Asian Metal CopyrightJinshi Resources announced on December 5 that the company intends to acquire an 80% stake in Ningguo Zhuangcun Mining Co.Asian Metal Copyright, Ltd.Asian Metal Copyright The production scale of the mine is 50,000t per year and the estimated mine life is 14.Asian Metal Copyright with RMB27.Asian Metal Copyright82 million to Ningguo Zhuangcun Mining for its debt repayment as of October 31, 2019.Asian Metal Copyright95 million (USD3.Asian Metal Copyright, Ltd.Asian Metal Copyright98 million).Asian Metal Copyright Ningguo Zhuangcun Mining has mining rights in the Zhuangcun fluorite mine in Ningguo with a resource reserve of 1.Asian Metal Copyright The company will also need to provide a non-interest-bearing loan of RMB76.Asian Metal Copyright The production scale of the mine is 50,000t per year and the estimated mine life is 14.Asian Metal Copyright05 million (USD10.Asian Metal Copyright15%.Asian Metal Copyright82 million) to Ningguo Zhuangcun Mining for its debt repayment as of October 31, 2019.

Ningguo Zhuangcun Mining has mining rights in the Zhuangcun fluorite mine in Ningguo with a resource reserve of 1.0863 million tons and a remaining recoverable reserve of 649,000t.Asian Metal Copyright98 million.Asian Metal Copyright The production scale of the mine is 50,000t per year and the estimated mine life is 14.Asian Metal Copyright82 million to Ningguo Zhuangcun Mining for its debt repayment as of October 31, 2019.Asian Metal Copyright62 years with an average grade of 52.Asian Metal Copyright The production scale of the mine is 50,000t per year and the estimated mine life is 14.Asian Metal Copyright15%.

.Asian Metal Copyright05 million USD10.Asian Metal Copyright