I. Project Overview:

This project is located in Yunnan Province. The mining company has been registered for 11 years and is currently inactive. Due to unanimous shareholder agreement, the company is being offered for full transfer. The mine has had no revenue in the past three years.

II. Business Scope:

Mining, processing, and sales of mineral products

Earthwork engineering

Shaft and tunnel construction contracting

III. Mine History:

Trial production began in October 2013, with a total utilized resource of approximately 36,000 tons of ore.

Operations ceased in October 2014 due to economic downturn and cash flow issues.

The mine was seized by court order on October 30, 2018, due to debt disputes.

IV. Resources & Reserves:

Several mineral belts have been identified.

V. Estimated metal content:

Copper: 80,000–100,000 tons

Nickel: 100,000–130,000 tons

Cobalt: 10,000–30,000 tons

The mine also contains large basalt and barite deposits to the southeast, gold deposits to the northwest, and newly discovered tungsten and tin deposits to the northwest.

VI. Mineral Products:

Main Metals: Iron, copper, nickel, cobalt, vanadium-titanium, scandium, sulfur, gold, silver, palladium, platinum, rhodium, iridium, and over 50 others

VII. Metal Grades:

Copper: 1.29%

Nickel: 1.64%

Cobalt: 0.256%

Iron: 27%

Sulfur: 12%

Gold: 0.8 g/t

Silver: 80 g/t

Platinum: 0.4 g/t

Palladium: 0.7 g/t

Rhodium: 2 g/t

Iridium: 0.5 g/t

Ruthenium: 0.3 g/t

Osmium: 0.4 g/t

VIII. Mine Details:

Type: Private

Production: Yes

Mining Method: Underground mining

Environmental Assessment: Approved

Source: Self-operated

Established: 2012

Exploration Certificate: Yes

Mining Certificate: Yes

Annual Capacity on Certificate: 30,000 tons

Safety Production Permit: Yes

Reserve Report: Yes

Other Permits: Forest rights, environmental, water conservancy, NDRC, MIIT approvals

Exploration Area (Mining Rights): 0.4715 km²

Explored Reserves: 8.99 million tons (vs. national survey 1.3 million tons)

Unexplored Area (Exploration Rights): 1.85 km²

Estimated Unexplored Reserves: 10+ million tons

Actual Investment: RMB 195.26 million (from own funds, shareholders, loans)

IX. Legal & Credit Status:

Company: Subject to enforcement, listed as untrustworthy

Legal Representative: Involved in lawsuits and defaults

X. Transfer Price:

RMB 300 million