价格周期高点退出。这一逻辑在其早期 Voisey's Bay 镍铜矿、缅甸 Monywa 铜矿、蒙古 Oyu Tolgoi 铜金矿等项目的交易中得到充分印证。后期，艾芬豪 将战略重心转向非洲地区，重点推进 Kamoa-Kakula、Kipushi、Platreef 三大 旗舰项目。艾芬豪在转型过程中，并未放弃其勘查基因，而是将其转化为"长 期运营旗舰项目+持续勘查储备资源"的双轮驱动发展战略，以成熟运营项目 保障稳定盈利，通过持续勘查工作储备优质资源以保障增长潜力。目前，公司 仍在非洲、中亚等资源潜力区域持续推进勘查，现有 Western Forelands、 Mokopane Feeder、Chu-Sarysu Copper Basin 等 5 个主要勘查项目，按权 益比例，公司铜资源量 2702 万吨，镍资源量 171 万吨，铂资源量 268 2 万盎 司，钯资源量 2733 万盎司。 艾芬豪的成功得益于其勘查战略、技术创新，以及与市场周期深度协同的资 本运作能力。公司始终聚焦资源富集区域，在资本市场尚未充分关注的阶段 率先启动勘查开发，同时凭借技术创新，实现全链条赋能。资本运作方面，艾 芬豪通过多元化融 ...

Group 1 - Gansu Province has discovered a large magnesium dolomite mine with a total resource of 700 million tons, marking a significant breakthrough in mineral exploration in the region [2] - The mine is located in the Kongtong District of Pingliang City and is characterized by its favorable geological conditions, including shallow burial, gentle dip, and stable thickness, making it suitable for open-pit mining [2] - In addition to the 700 million tons of dolomite for magnesium production, there are over 300 million tons of dolomite available for construction use, indicating substantial potential for resource utilization across various industrial sectors [2]

Core Insights - Gansu Province's Pingliang City has successfully discovered a large magnesium limestone deposit with a total resource volume of 700 million tons, marking a significant breakthrough in mineral exploration in the region [1] Group 1: Mineral Discovery - The magnesium limestone deposit is located in the Zhuangmatai area of Pingliang City, with exploration efforts funded by provincial, municipal, and county-level finances since 2000 [1] - The deposit is characterized by five layered magnesium limestone bodies with an average MgO grade of 20.67%, indicating high-quality magnesium limestone [1] Group 2: Mining Characteristics - The deposit features large scale, shallow burial, gentle dip, and stable thickness, making it advantageous for open-pit mining [1] - Exploration methods included geological mapping, drilling, systematic sampling, and research on ore processing technology, which clarified the deposit's characteristics and mining conditions [1] Group 3: Resource Utilization - The estimated amount of magnesium limestone ore within the open-pit mining boundary exceeds 700 million tons, along with over 300 million tons of limestone for construction purposes [1] - The magnesium limestone is not only a crucial raw material for magnesium metal smelting but also has significant potential for use in refractory materials, metallurgical flux, glass, and ceramics [1]

Core Insights - A large strontium mine has been discovered in the Lishui Basin after four years of exploration, with inferred resource reserves of 545.55 thousand tons and a mineral quantity of 265.40 thousand tons, averaging a grade of 48.65% [1] Industry Summary - Strontium is an important rare metal widely used in special ceramic materials and magnetic alloy manufacturing, playing a significant role in national industrial development and technological advancement [1] - The northeastern part of the Lishui Basin is a key area for strontium mineral resources in Jiangsu Province, with four large and medium-sized strontium deposits already identified [1] - The project team has also discovered multiple concealed copper, lead-zinc, and sulfur iron ore bodies in the work area, proposing a new comprehensive exploration strategy for strontium, copper, and lead-zinc polymetallic resources based on the summarized mineralization patterns [1]