西部矿业股份有限公司关于西藏玉龙铜业股份有限公司玉龙铜矿增储取得进展的公告

Core Viewpoint - The company has achieved a significant milestone in resource expansion with the confirmation of additional copper and molybdenum resources at the Yulong Copper Mine, which is expected to enhance its sustainable development and profitability in the mining sector [1][2]. Group 1: Resource Expansion Overview - The Yulong Copper Industry, a subsidiary of the company, has received a verification report from the Tibet Autonomous Region Natural Resources Department, confirming an additional copper metal resource of 131.42 thousand tons and molybdenum metal resource of 10.77 thousand tons [1][2]. - The total confirmed copper metal resources at the Yulong Copper Mine now amount to 753.39 thousand tons, with molybdenum resources totaling 45.90 thousand tons, marking a significant increase compared to the last report in 2018 [2]. Group 2: Impact on the Company - The Yulong Copper Mine currently has a processing capacity of 22.8 million tons per year, and in the first nine months of 2025, the company produced 137,670 tons of copper, with 125,085 tons coming from Yulong Copper Industry [2]. - The approval of the third phase project for the Yulong Copper Mine will increase its production capacity to 30 million tons per year, which, along with the new resource additions, is expected to extend the mine's operational lifespan and enhance the company's competitive position in the non-ferrous metals sector [2].