Dazhong Mining announces resource estimates for lithium mine in Hunan

Dazhong Mining has provided the latest mineral resource estimates for an ore block of Jijiaoshan lithium mine in Linwu, Hunan, which is owned by its wholly-owned subsidiary Chenzhou Chengtai Mining Investment Co.Asian Metal Copyright As of August 31, 2024, the mineral resource estimates for Tongtianmiao ore block totaled 489.Asian Metal Copyright, Ltd.

As of August 31, 2024, the mineral resource estimates for Tongtianmiao ore block totaled 489.87 million tonnes at 0.Asian Metal Copyright .Asian Metal Copyright268% LiO2 on average, containing 1,313,500 tonnes of lithium oxide, making it a large-sized mineral deposit according to industry standards.Asian Metal Copyright47 between lithium oxide and lithium carbonate, the lithium carbonate equivalent LCE at Tongtianmiao ore block amounted to 3,244,300 tonnes.Asian Metal Copyright At the conversion coefficient of 1:2.Asian Metal Copyright Dazhong Mining began search for lithium in Hunan from 2022.Asian Metal Copyright47 between lithium oxide and lithium carbonate, the lithium carbonate equivalent (LCE) at Tongtianmiao ore block amounted to 3,244,300 tonnes.

Dazhong Mining began search for lithium in Hunan from 2022. In the following year, the company acquired an 80% stake in Chenzhou Chengtai at a relatively low cost before becoming the sole owner of Chenzhou Chengtai through a bankruptcy reorganization, and thus indirectly owned the exploration right of Jijiaoshan lithium mine.Asian Metal Copyright In the following year, the company acquired an 80% stake in Chenzhou Chengtai at a relatively low cost before becoming the sole owner of Chenzhou Chengtai through a bankruptcy reorganization, and thus indirectly owned the exploration right of Jijiaoshan lithium mine.Asian Metal Copyright The total cost for acquiring the exploration right of Jijiaoshan lithium mine is estimated at RMB209 million (USD28.Asian Metal Copyright85 million.Asian Metal Copyright85 million).

.Asian Metal Copyright In the following year, the company acquired an 80% stake in Chenzhou Chengtai at a relatively low cost before becoming the sole owner of Chenzhou Chengtai through a bankruptcy reorganization, and thus indirectly owned the exploration right of Jijiaoshan lithium mineAsian Metal Copyright