Core Viewpoint - Dazhong Mining Co., Ltd. has officially entered the comprehensive development phase of its 20 million tons/year lithium mining project at the Jijia Mountain mining area, marking a significant milestone in the company's dual business strategy of iron and lithium [1] Group 1: Project Approval and Compliance - The project has achieved a breakthrough in the approval process, obtaining three key licenses: mining permit from the Ministry of Natural Resources in October 2025, tailings storage project record in December 2025, and project approval from Hunan Provincial Development and Reform Commission in January 2026 [2] - The successful acquisition of these licenses reflects the project's resource endowment and technical feasibility, as well as the policy benefits associated with lithium as a strategic mineral resource [2] - The project aligns with the latest national policy on solid waste management, emphasizing integrated mining and selection, which showcases the company's forward-looking compliance and strategic alignment with national requirements [2] Group 2: Capacity and Profitability - The project includes three core components: open-pit mining, a processing plant, and a tailings storage facility, with a planned annual open-pit mining capacity of 20 million tons and a tailings storage capacity of 94.52 million cubic meters [3] - The lithium resource at Jijia Mountain is estimated at 489 million tons, equivalent to approximately 3.2443 million tons of lithium carbonate, with an expected annual production of 80,000 tons of lithium carbonate [3] - The project's after-tax internal rate of return is projected to be 26.73%, positioning it as a core profit driver for the company amid a recovering lithium carbonate market and strong demand from the electric vehicle and energy storage sectors [3] Group 3: Strategic Transition and Future Outlook - The launch of the Jijia Mountain lithium project represents a critical transition for Dazhong Mining towards the new energy sector and signifies the upgrade from an iron mining leader to a dual leader in iron and lithium [4] - The company aims to accelerate project construction to achieve production targets while continuing to develop the Sichuan Jiada lithium project, creating a synergistic dual lithium mining base [4] - Dazhong Mining is positioned to contribute to the security of strategic mineral resources and the high-quality development of the new energy industry, driven by its strategic layout, quality resource reserves, and solid execution capabilities [4]
湖南锂矿启航 利润增长在望——打通全链审批节点，大中矿业2000万吨/年锂矿项目启动，打造利润新引擎