Core Viewpoint - Sichuan Hongda Co., Ltd. announced a supplementary announcement regarding the phased investment and related transactions with its associate company, Tibet Hongda Duolong Mining, fulfilling prior agreement commitments [1] Group 1: Investment Details - The investment is a joint effort with the related party Hongda Group, and the equity structure of Duolong Mining remains unchanged [1] - Duolong Mining was established in 2014, with an equity structure of 40% held by Hongda Group, 30% by Hongda Co., and 30% by Shengyuan Mining [1] Group 2: Mining Operations - Duolong Mining holds two exploration rights, with the Duolong Copper Mine designed for an annual copper production capacity of approximately 300,000 tons [1] - Currently, the Duolong Copper Mine is advancing the application for exploration to mining transition, with multiple preliminary tasks progressing steadily [1] - The Duolong West Copper Mine plans to increase exploration investment in 2025, aiming to complete the detailed investigation report compilation and review filing by the end of the year [1] Group 3: Investment Progress - Hongda Co. and Hongda Group will invest in batches according to the progress of the projects [1]
四川宏达股份就参股多龙矿业投资及矿区进展补充公告