WANGUO GOLD GP (03939): As of 2025, the mineral resources of the Jinling Mine amount to 12.97 million ounces of gold, and the ore reserves amount to 7.777 million ounces of gold, representing a year-on-year increase of 79.7% and 550.1% respectively.
Golden Group of Nations (03939) announced that on April 30, 2020, the group completed the acquisition of 77.78% equity of AXF Gold Ridge Pty Limited, which owns 90% equity of the Gold Ridge Mine located in the Solomon Islands, where the group conducts mining operations. The group began trial production in November 2022. Furthermore, on October 9, 2024, the group completed the acquisition of an additional 20.22% equity of AXF Gold Ridge Pty Limited, resulting in the group owning 98% equity of AXF Gold Ridge Pty Limited and 88.2% actual equity of the Gold Ridge Mine.
WANGUO GOLD GP(03939) Announcement: On April 30, 2020, the group completed the acquisition of 77.78% equity of AXF Gold Ridge Pty Limited. The company owns 90% equity of the Gold Ridge Mine in the Solomon Islands, where the group is engaged in mining. The group began trial production in November 2022. Additionally, on October 9, 2024, the group completed the acquisition of an additional 20.22% equity of AXF Gold Ridge Pty Limited, resulting in the group owning 98% equity of AXF Gold Ridge Pty Limited and 88.2% actual equity of the Gold Ridge Mine.
According to the mineral resource estimate and ore reserve estimate prepared by the independent consultant company SLR Consulting Ltd (SLR), as of December 31, 2025, the mineral resources at the mine area are estimated to be 12.97 million ounces of gold (equivalent to 403.4 tonnes) and the ore reserves are estimated to be 7.777 million ounces of gold (equivalent to 241.9 tonnes). Compared to the estimates as of December 31, 2024, which were 7.217 million ounces of gold (equivalent to 224.5 tonnes) for mineral resources and 1.196 million ounces of gold (equivalent to 37.2 tonnes) for ore reserves, there has been an increase of 79.7% and 550.1% respectively.
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