Core Viewpoint - Dazhong Mining (001203) has experienced significant stock price fluctuations, with a cumulative increase exceeding 20% over the past three trading days, prompting the company to conduct an internal review and confirm no undisclosed significant matters affecting its stock price [2][3]. Group 1: Stock Performance and Market Reaction - Dazhong Mining's stock price reached a limit increase for three consecutive trading days from October 29 to October 31, following the announcement of obtaining a mining license for the Hunan Jijiao Mountain lithium mine [3]. - The company has received heightened attention from the capital market due to the announcement regarding the lithium mining license [3]. Group 2: Mining License and Resource Details - Dazhong Mining's wholly-owned subsidiary, Chenzhou Chengtai Mining Investment Co., Ltd., has obtained a 30-year mining license for the Hunan Jijiao Mountain lithium mine, with a lithium resource amounting to 489 million tons, equivalent to approximately 3.2443 million tons of lithium carbonate [3]. - The acquisition of the mining license is considered a key milestone in the company's "Iron + Lithium Dual-Drive" development strategy, expected to enhance overall profitability and sustainable development [3]. Group 3: Cost Advantages and Environmental Considerations - The Hunan lithium mine project boasts cost advantages through integrated mining and processing, allowing for adjustments in concentrate grade and recovery rates based on market prices [3]. - The mining process utilizes a unique sulfuric acid method for lithium extraction, significantly improving lithium recovery rates while also recovering valuable elements like potassium, thus achieving a "one mine, multiple products" approach [3].
大中矿业涉锂矿后股价大涨公司提示项目建设存不确定性