力量发展附属与Minenet就位于塞拉利昂罗蒂丰克的金红石项目订立合作协议

Core Viewpoint - The company has established a partnership with Minenet Company Limited for a titanium ore project in Sierra Leone, which is expected to enhance its competitive position in supplying high-quality raw materials to global industrial clients [1][2]. Group 1: Project Overview - The project involves a mining license covering approximately 117 square kilometers in the Moyamba District of Sierra Leone, valid until February 25, 2049 [1]. - Metal Mining will invest and operate within a designated 50 square kilometer area, holding exclusive rights for exploration, mining, processing, and sales [1]. - The partnership will last until the mining license expires, with the possibility of extension if the project remains viable [1]. Group 2: Production Capacity and Investment - In the first phase, three production lines will be constructed, each with an annual processing capacity exceeding 2 million tons of raw ore, with an estimated investment of approximately $18 million [2]. - The expected annual output from these three lines is around 280,000 tons of heavy mineral concentrate, with a product distribution of 80% to Metal Mining and 20% to Minenet [2]. - If the initial phase is successful, two additional production lines will be built within twelve months, bringing the total to five lines [2]. Group 3: Product Specifications and Market Potential - The heavy mineral concentrate is expected to contain 30%-45% ilmenite (with 95% titanium dioxide content), 35%-55% titanium magnetite (with 52.66% titanium dioxide content), and 2.3%-6% zircon [3]. - Indicative average prices for the products are $410 per ton for heavy mineral concentrate, $960 per ton for ilmenite, $251 per ton for titanium magnetite, and $1,456 per ton for zircon [3]. - Once fully operational, the project is projected to produce approximately 480,000 tons of heavy mineral concentrate annually, with Metal Mining entitled to about 384,000 tons [3]. Group 4: Strategic Opportunities - The project is expected to primarily target the Chinese market for sales, while also considering global market opportunities depending on conditions [3]. - The agreement provides a strategic opportunity for the company to expand its resource portfolio into ilmenite, a crucial titanium raw material, and strengthen its international mining operations [3].