Group 1 - The "Northeast Zhai Gold Mine Exploration" project in Songpan County, Sichuan Province has passed the evaluation by the Sichuan Mineral Resources Reserve Evaluation Center, revealing an additional gold resource of 28.24 tons, bringing the total confirmed gold resources to 81.06 tons, classifying it as a super-large gold mine with an average gold grade of 3.75 grams per ton [1][2] - The estimated value of the confirmed gold resources at the Northeast Zhai Gold Mine exceeds 76 billion RMB, based on the current spot gold price of approximately 940 RMB per gram [1] - The Northeast Zhai Gold Mine is located 17 kilometers north of Songpan County and is part of the Bayan Har fold belt, characterized as a low-temperature hydrothermal micro-disseminated gold deposit [2][3] Group 2 - The exploration rights for the Northeast Zhai Gold Mine are held by Songpan County Zijin Industry and Trade Co., Ltd., covering an area of 4.8605 square kilometers, with a validity period from August 9, 2023, to August 9, 2028 [3] - Songpan County Zijin Industry and Trade Co., Ltd. was established in 2005 with a registered capital of 180 million RMB, with significant shareholding from various companies including Zijin Mining Group [4][6] - Zijin Mining Group is a large multinational mining group engaged in the exploration and development of metal mineral resources, listed on both Shanghai A-shares and Hong Kong H-shares [6][8] Group 3 - The Sichuan Provincial Geological and Mineral Exploration and Development Bureau, as the actual controller of the project, has committed to prioritizing the legal transfer of exploration rights to Sichuan Gold when the Northeast Zhai Gold Mine is deemed viable for mining [8][10] - Sichuan Gold, which is the potential asset injection target, has significant resource reserves, including the Sholuogou Gold Mine, which has a confirmed gold metal amount of 28,130 kilograms [10][11] - The completion of the exploration to eventual asset injection into Sichuan Gold will require a series of complex processes, including technical and economic evaluations and mining rights applications [10]