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Longbai Group: The company's total reserves of mineral resources in Yunnan are approximately 297,400 tons

 Last Update: 2021-12-03
 Source: Internet
 Author: User

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Some investors ask questions on the investor interactive platform: Hello! What are the mineable minerals/reserves of the company's Yunnan/Australian mineral resources? What is the total mineral output in 2020? thanks

Longbai Group (002601.

Longbai Group (002601.
SZ) stated on the investor interactive platform on October 31, answer: Hello! The company owns titanium ore resources in Panzhihua and Yunnan, and at the same time holds a minority share of zirconium and titanium ore resources in Australia through its subsidiary Oriental Zirconium
.
The company has vanadium-titanium magnetite resources in Panzhihua, with an annual output of 15 million tons of raw ore, 3.
8 million tons of iron concentrate, and 800,000 tons of titanium concentrate.
As of the end of 2020, the mineable titanium reserves of Panzhihua vanadium-titanium magnetite are approximately 820 10,000 tons, the mineable iron reserves are about 79.
7 million tons, and the mineable vanadium reserves are about 200,000 tons; the company's total reserves of mineral resources in Yunnan (including ilmenite ore resources and other mineral resources) are about 297,400 tons; Image of the company’s holding subsidiary, Oriental Zirconium, has proven reserves of 29 million tons of raw ore, with an average heavy ore content of 7.
5%; the Mindarie heavy ore project under Mingrui Zirconium has 244 million tons of JORC2012 standard heavy ore resources.
The total heavy ore resources contain 3.
358 million tons of ilmenite, 559,700 tons of white titanium, 378,000 tons of rutile, and 817,000 tons of zircon sand; in addition, the WIM150 project, Australia’s world-class zirconium-titanium ore project, has a total of heavy ore resources.
The amount is 1.
65 billion tons, and its in-situ heavy ore resources contain 19.
17 million tons of ilmenite, 7.
143 million tons of rutile, 3.
663 million tons of white titanium, and 12.
637 million tons of zircon sand
.
Thanks!

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