Group 1 - The company holds 100% exploration rights for the Jijia Mountain mining area, which will be independently developed and operated by its wholly-owned subsidiary, Hunan Dazhong He Lithium Mining Company [2] - Since 2022, the company has been expanding its lithium mining operations in Hunan and acquired 80% control of Chenzhou Chengtai at a low cost in April 2023, later obtaining 100% ownership through bankruptcy reorganization [2] - The total cost for acquiring the exploration rights for the Jijia Mountain lithium mine was 209 million yuan, providing a significant cost advantage [2]

Group 1 - The company Dazhong Mining stated on September 19 that the Xianghualing Tin Industry is located in a large mining area with various types of resources, and specific details should be based on professional geological survey reports [2]

Core Viewpoint - The company is making significant progress in the construction of the Jijia Mountain lithium mine in Hunan, aiming for full-scale operations by the first half of 2025, with various approvals and advancements already achieved [2]. Group 1: Project Development - The company has completed the resource reserve assessment for the Jijia Mountain lithium mine, which is recognized as the largest lithium mine in terms of lithium carbonate equivalent approved by the Ministry of Natural Resources [2]. - The company has also completed the review and approval of the "Mineral Resource Development and Utilization Plan," with a mining scale of 20 million tons per year, marking it as the largest raw ore mining scale approved by the Ministry [2]. - The geological environmental protection and land reclamation plan has been reviewed and approved, and the transition from exploration to mining is currently under review by the Ministry [2]. Group 2: Mining and Transportation - The company has determined the mining development system and transportation plan, successfully completing a 7.3-kilometer shield tunneling transportation corridor and access roads for mining, providing a foundational guarantee for subsequent mining construction [2]. Group 3: Processing and Recovery - The company has obtained planning permission for construction land and is concurrently processing other necessary construction permits [2]. - A technical team has been established to complete the pilot test of the new lithium extraction process using sulfuric acid, achieving breakthroughs in environmental compliance for lithium extraction from lepidolite and significantly improving lithium recovery rates to 90% [2]. - The comprehensive recovery of valuable elements has substantially reduced production costs [2].

Group 1 - The company adopts a sales strategy based on market demand, determining production through annual long-term contracts to secure sales volume [2] - Pricing for sales is primarily referenced against the 62% iron ore Platts index and is adjusted periodically based on market indicators [2] - This approach ensures a stable long-term supply relationship while allowing the company to better follow market price fluctuations [2]

Core Viewpoint - The company has made significant advancements in lithium extraction technology, achieving a high recovery rate and reducing production costs through innovative processes [2] Group 1: Technological Innovations - The company is continuously promoting independent innovation in smelting technology and processes [2] - A technical team has been established to complete the pilot test of a new lithium extraction process using sulfuric acid [2] - The company has overcome challenges related to environmental standards for the discharge of lithium mica, lithium slag, thallium, beryllium, and fluorine [2] Group 2: Recovery Rates and Cost Reduction - The recovery rate of lithium from lithium mica has significantly increased, reaching as high as 90% [2] - The comprehensive recovery and utilization of valuable elements have substantially lowered production costs [2]

Core Viewpoint - The company, Dazhong Mining, has significant iron ore and lithium mining operations, with substantial reserves and production capacity projected for the near future [1] Group 1: Iron Ore Operations - The company has reported an increase in iron ore reserves to 690 million tons as of June 2025, based on the latest exploration results [1] - The iron ore production capacity is set at 14.8 million tons [1] - The company has been operating in the iron ore industry for over 20 years, indicating established expertise and stability in this sector [1] Group 2: Lithium Mining Operations - The company has lithium mining operations in Hunan and Sichuan, with registered lithium carbonate equivalent reserves exceeding 4.72 million tons [1] - The lithium resource reserves are ranked among the top in the country, suggesting a strong competitive position in the lithium market [1] - The lithium mining sector is currently in the construction phase, with specific production timelines to be announced in future company announcements [1]

证券日报网讯大中矿业（001203）9月19日在互动平台回答投资者提问时表示，马尔康金鑫矿业与安徽 金日晟的交流，属于企业对标考察的业务。公司若存在重大合作事项或投资计划，将严格按照相关法律 法规进行信息披露。请关注公司公告。 ...

Core Insights - The company Dazhong Mining (001203) announced that the resource quantity of the Sichuan Gada Lithium Mine's first mining area has been approved by the Ministry of Natural Resources, with a total ore quantity of 43.436 million tons and a Li2O mineral quantity of 600.9 thousand tons, exceeding the company's expectations [1] Group 1 - The lithium ore resource quantity is 43.436 million tons, with an average grade of 1.38%, equivalent to approximately 148.42 thousand tons of lithium carbonate [1] - The company is advancing the procedures for exploration to mining transition and is conducting exploration outside the first mining area [1] - As of August 20, the company has completed 15,100 meters of drilling with a mineral discovery rate of 95% [1] Group 2 - The company has deployed two shield machines for simultaneous construction of exploration tunnels and shafts to facilitate subsequent engineering [1] - The company has determined the process flow for heavy flotation and combined selection in the beneficiation aspect [1] - Preliminary design and safety facility design for the tailings pond have been completed and reviewed by external experts [1]

证券日报网讯大中矿业9月19日在互动平台回答投资者提问时表示，公司所有参与项目和进展请以公司 公告披露为准，详情请参见公司公告。 （文章来源：证券日报） ...

Core Viewpoint - The company is actively working on obtaining production-related licenses and completing foundational work for its Hunan Jijia Mountain lithium mine, which has not yet commenced production [1] Group 1 - The company has not yet established any intentions to form a joint venture with Fudi Battery [1] - The company plans to collaborate with high-quality downstream enterprises based on the production status of the project [1] - Currently, there are no confirmed downstream customers for the lithium mine [1]