B+C1: The volume of Tungsten ore is 93 million tons

Grade:0.23%

Reserves: 210.5 thousand tons.

1. The mining area is located in the east of Almaty central city in Kazakhstan, 150 km away from Horgos Port of China's largest port in Xinjiang.

2． This project is currently the country's top ten mines in the seventh and largest tungsten ore in Kazakhstan, the reserves of tungsten ore is top ten of the world.

3. According to the document issued by the Ministry of Land and Resources, tungsten mine holders China must be state-owned enterprises above the provincial level in the future, private enterprises cannot hold tungsten mine. Production quota system is carried out in order to protect resources, and Bakuta Tungsten ore has no restrictions in production and sales, so this project has great competitive advantage.
4. The resources of the Bakuta Tungsten Mine and the Xiamen Tungsten Industry in China are very similar. Bakuta tungsten is large-scale open-pit mine with ore reserves of about 285,000 tons and production capacity up to 3.3-6.5 million tons per year. Xiamen Tungsten Industry Hangluo pit reserve is about 300,000 tons (has been mined for many years), grade is 0.23 %.The annual production capacity is 1.65 million tons, the current market value of Xiamen Tungsten is 300 billion Yuan.
4. 5.The construction period of Bakuta Tungsten mine is about 2 years. If this project is put into the Chinese A-share capital market after put into production, there will be billions of valuations.