西部矿业迎喜讯子公司取得采矿许可证

Core Viewpoint - The acquisition of a mining license by Western Mining Co., Ltd. is a significant step towards sustainable development in the iron resource sector, enhancing the company's resource reserves and market competitiveness [1][2]. Group 1: License Acquisition - Western Mining's wholly-owned subsidiary, Golmud West Mining Resources Development Co., Ltd., has obtained a mining license for the Itwen Chahan West C5 anomaly area in Qinghai Province, valid from November 26, 2025, to November 25, 2044 [1]. - The mining area includes iron, sulfur, copper, zinc, lead, and gold, with a total polymetallic resource of 20.07 million tons and an average iron grade of 31.59% [1]. Group 2: Strategic Importance - The license is crucial for Western Mining's strategy to develop its iron resource sector, serving as a foundation for future resource integration and enhancing the company's resilience and competitiveness [2]. - The company currently holds or controls 14 mines, including 7 iron and polymetallic mines, with iron ore reserves amounting to 282.45 million tons [2]. Group 3: Broader Resource Strategy - The acquisition of the new mining rights is part of a systematic resource strategy, with ongoing efforts to accelerate resource accumulation through project teams in Lhasa and Golmud focusing on various regions [3]. - Earlier in the year, the company secured a mining license for a lead-zinc mine in Sichuan with a capacity of 600,000 tons per year and a resource volume of 6.792 million tons [3]. - In October, the company successfully acquired exploration rights for a copper polymetallic mine in Anhui Province, with copper resources exceeding 1.74 million tons and associated gold resources of 248.07 tons [3].