Inner Mongolia Dazhong Mining (001203.SZ): The reserves of iron ore resources in Huoqiu County, Anhui Province have been reassessed and recorded.

date
20/09/2024
avatar
GMT Eight
Inner Mongolia Dazhong Mining (001203.SZ) announced that its wholly-owned subsidiary, Anhui Jinrisheng Mining Co., Ltd. ("Jinrisheng Mining"), recently received a letter from the Anhui Provincial Department of Natural Resources regarding the approval of the mineral resource reserves evaluation report for the re-verification of iron ore resources in Huoqiu County, Anhui Province (document number: Wan Kuang Reserve Letter [2024] No. 11). After review, Jinrisheng Mining's application for the evaluation and filing of mineral resource reserves was found to comply with relevant regulations and was approved. The completion of the filing of the mineral resource reserves for the re-verification of iron ore in the region marks a significant breakthrough in Jinrisheng Mining's geological exploration efforts. The cumulative iron ore reserves approved by the competent land and resources department will reach 690 million tons. The abundant resource reserves will enable the company to fully utilize its scale advantages, extend the service life of the mine, and expand production capacity. This will enhance the company's production capacity and have a positive impact on its future development and performance growth.

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