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A JV project of mining company in Hunan

Shanghai International Mining Exchange

Project Information
Project No.   20160810382700
Project Name   A JV project of mining company in Hunan
Project Classification Other
Location   Hunan
Minerals   Antimony, Gold, Tungsten
Project Information Mining area   Total area: more than 60km2
Reserves/grade   

According to the proved reserves of mining right in 2006:

Total metal of antimony(122b+332): 27,880t;

Estimate newly increased amount of metal(333+334) in 2015: 30,000t.

 

Metal of white tungsten (122b+332): 2,365t;

 

Total metal of gold:

(111b+122b+332): 3,196kg,

(333): 6,000kg;

Estimated newly increased amount of metal(333+334) in 2015:10322t.

 

It’s estimated that when all the prospecting works were completed, the amount of antimony metal (332+333) will be more than 220 thousand tons, white tungsten more than 60 thousand tons, gold more than 60t. 

品位:

平均品位

采矿权

5 克/吨

探矿权A

7 克/吨

探矿权B

7 克/吨

平均品位

采矿权A

4.9%

采矿权B

4.01%

采矿权C

4.01%

平均品位

采矿权A

1.02%

采矿权B

1.02%

   

 

Grade:

Gold

Average grade

Mining right

5 g/t

Prospecting Right A

7 g/t

Prospecting Right B

7 g/t

Antimony

Average grade

Mining right A

4.9%

Mining right B

4.01%

Mining right C

4.01%

Tungsten

Average grade

Mining right A

1.02%

Mining right B

1.02%

Mining method   Underground Mining
Supporting facilities   A dressing plant of gold with the treatment capacity of 700t per day. A oxidized ore dressing plant is under construction which has can prodect 300tores per day( may be put into production in early of June.
Others

The company has a total assets which is about 5 hundred million Yuan including 1.5 hundred million Yuan of fixed assets.

The corporation have 4 mining rights with 3 mining companies and 8 mining points; 8 prospecting rights (5 for antimony, 2 for gold and 1 for antimony-gold).

There are 5 companies holding by the project company, the total area of the mining right can reach to 60 km2, which are all with good geological setting fo ore-forming processes and quite good exploration future.

From 2012, after 3 years’ prospecting, The future resource of the whole mining area is quite ideal,  The estimated resource value will be more than 10 billion yuan.

The company has got a few antimony-tungsten ore sale targets, and the sale targets are ranked as the second most in Hunan.

Progress   
Cooperation   -Flexible cooperation -Open for discussion
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