Details about transferring exploration right of Baishili Nb-Ta Mine located in Yifeng, Jiangxi, were made public on February 24th as follow:
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Item
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Exploration right of Baishili Nb-Ta Mine located in Yifeng, Jiangxi
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Transferring method
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Agreement transferring
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| Basic condition of exploration right
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Exploration license No.
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T36120091103036471
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| Agency issuing exploration license
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Department of Natural Resources of Jiangxi Province
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| Validity period
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From January 11th, 2018 to January 11th, 2020
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| Geological location
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Yifeng, Yichun,Jiangxi
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| Exploration scope
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See attachment
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| Exploration area
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0.66
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| Transferor
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Name
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Jiangxi Nuclear Industry Geology Bureau 267 Branch
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| Legal representative
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Xiong Zhong
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| Registered address
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No. 276, Changhong Avenue, Jiujiang, Jiangxi
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| Transferee
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Name
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Yichun Mining Co., Ltd.
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| Legal representative
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Hu Jianguo
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| Registered address
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No.38, Huacheng Road, Yuanzhou District, Yichun, Jiangxi
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Exploration results
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The distribution of stratum, structure and the layout of igneous rock within the mine area was roughly identified; the lithology, structural fabrication and mineral composition of magmatic rocks were identified; no industrially valuable niobium ore was found in the area through general exploration, but altered granite-type lithium mica ore was found during the general exploration; the ore body generally shows the east-west direction with an angle of inclination of 41°-60°; the thickness of the ore body is generally 2-21m with the figure of about 7.5m on average; the grade of Li0 is 0-4-0.Asian Metal Copyright, Ltd.Asian Metal Copyright6%, which can basically meet the requirement on cut-off grade, and the requirement on minimum industrial grade (0.Asian Metal Copyright9-1.Asian Metal Copyright9-1.Asian Metal Copyright
T36120091103036471
Agency issuing exploration license
Department of Natural Resources of Jiangxi Province
Validity period
From January 11th, 2018 to January 11th, 2020
Geological location
Yifeng, Yichun,Jiangxi
Exploration scope
See attachment
Exploration area
0.Asian Metal Copyright0%) can be even met; resource scale is expected to be equivalent to that of small-to-medium mines with potential value to be further explored or surveyed.
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Transferring price
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zero
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