Core Viewpoint - The company, Guangdong Meiyan Jixiang Hydropower Co., Ltd., has received approval for the mineral resource reserve review of its wholly-owned subsidiary, Meizhou Meiyan Mining Co., Ltd., which is expected to facilitate future mining operations despite current uncertainties regarding mining rights and operational capabilities [3][7]. Group 1: Resource Reserve Review - The resource reserve review for the antimony-silver mine in the Songxi mining area has been approved by the Ministry of Natural Resources, confirming that the materials submitted meet relevant regulations [3]. - The verified resource amounts include: - Proven resources: 16.4 tons of metal, 69,000 tons of ore, average grade of 237.68 g/t - Controlled resources: 77.4 tons of metal, 305,000 tons of ore, average grade of 253.77 g/t - Inferred resources: 131.3 tons of metal, 465,000 tons of ore, average grade of 282.37 g/t [3][4]. Group 2: Changes in Resource Estimates - The changes in resource estimates are attributed to the extension of mining depth from -60m to -395m and the implementation of more precise exploration methods [4][5]. - The industrial indicators have also changed, with the boundary grades for silver and antimony being adjusted in the latest report compared to previous assessments [5][6]. Group 3: Future Steps and Implications - Following the approval of the resource reserve review, the company will proceed with the necessary procedures to change its mining rights to include the newly verified depths, which are currently not covered by existing permits [6][10]. - The company aims to maximize resource value and will develop feasible plans for resource utilization and development based on the reserve report results [6][11]. Group 4: Financial Impact - The project is not expected to have a significant impact on the company's financial status or operational performance in the short term due to the lengthy approval and construction cycles required for mining operations [11].

Core Viewpoint - The announcement details the approval of the resource reserve verification report for the Budun Yingen Mining Company, a subsidiary of Inner Mongolia Xingye Silver and Tin Mining Co., Ltd, indicating significant increases in mineral resources and reserves [1][3]. Resource Reserve Verification Results - As of January 31, 2025, the verified silver ore resource amounts to 70.325 million tons, with a metal content of 11,114 tons and an average grade of Ag 158.07 g/t [1]. - The breakdown of the verified resources includes: - Proven resources: 14.243 million tons of ore, 3,546 tons of metal, average grade Ag 248.95 g/t - Controlled resources: 22.512 million tons of ore, 3,573 tons of metal, average grade Ag 158.74 g/t - Inferred resources: 33.570 million tons of ore, 3,995 tons of metal, average grade Ag 119.05 g/t [1]. Accompanying Metal Resources - The verification also identified associated metal resources as follows: - Pb: 39.571 million tons of ore, 95,643 tons of metal, average grade 0.24% - Zn: 59.565 million tons of ore, 180,818 tons of metal, average grade 0.30% - Ga: 70.271 million tons of ore, 3,603 tons of metal, average grade 0.0051% - Cd: 10.913 million tons of ore, 1,092 tons of metal, average grade 0.0100% [2]. Increase in Resource Reserves - Compared to the last report from March 2024, the current verification shows significant increases: - Silver ore resource increased by 6.5316 million tons and silver metal by 10,273.1 tons - Pb ore increased by 3.4998 million tons and metal by 84,142 tons - Zn ore increased by 5.5033 million tons and metal by 158,441 tons - Cd ore increased by 0.6008 million tons and metal by 601 tons - Ga ore increased by 6.5422 million tons and metal by 3,381 tons [3]. Future Development Plans - The company plans to actively advance the approval procedures for further mining development, although the timing and certainty of obtaining the necessary approvals remain uncertain [4].