Group 1: Mining Operations and Technical Improvements - The overall technical improvement plan for the Vatu Kola mine is still in planning, focusing on urgent issues like drainage and ventilation systems, with an estimated investment of 500-600 million CNY [1] - The current mining capacity is approximately 750 tons per day, with a recovery rate of around 80%, and the ore grade varies between 2-4 g/t [2] - The designed mining capacity is 2000 tons per day, with a processing capacity of 1000 tons per day for the processing plant and 1500 tons per day for tailings [2] Group 2: Resource Estimates and Exploration Plans - As of October 31, 2024, the total resource amount for the underground mining rights at Vatu Kola is 103.77 million tons, with proven resources of 1.43 million tons at a grade of 6.90 g/t, yielding 9.89 tons of metal [2] - The inferred resource amount is 9.47 million tons at a grade of 6.36 g/t, yielding 60.23 tons of metal [2] - The Mount Kasi exploration area, covering 59,526 hectares, is a key target for future exploration and resource increase [2] Group 3: Cost Management and Financial Planning - The mine operates under a full-cost accounting model, with plans to disclose unit costs in the future [4] - Cost reduction measures include increasing production, improving ore grades, and enhancing recovery rates [4] - Future funding sources will include re-establishing relationships with banks for credit, support from controlling shareholders, and potential funds from the sale of subsidiary equity [4] Group 4: Risks and Challenges - Key risks include fluctuations in gold prices, with Fiji being a low geopolitical risk country [4] - Climate conditions in Fiji may pose operational challenges, particularly during the rainy season, which could affect technical improvements [4]