Core Viewpoint - Dazhong Mining (001203) has experienced significant stock price fluctuations, with a cumulative increase exceeding 20% over the past three trading days, prompting the company to conduct an internal review and confirm no undisclosed significant matters affecting its stock price [2][3]. Group 1: Stock Performance and Market Reaction - Dazhong Mining's stock price reached a limit increase for three consecutive trading days from October 29 to October 31, following the announcement of obtaining a mining license for the Hunan Jijiao Mountain lithium mine [3]. - The company has received heightened attention from the capital market due to the announcement regarding the lithium mining license [3]. Group 2: Mining License and Resource Details - Dazhong Mining's wholly-owned subsidiary, Chenzhou Chengtai Mining Investment Co., Ltd., has obtained a 30-year mining license for the Hunan Jijiao Mountain lithium mine, with a lithium resource amounting to 489 million tons, equivalent to approximately 3.2443 million tons of lithium carbonate [3]. - The acquisition of the mining license is considered a key milestone in the company's "Iron + Lithium Dual-Drive" development strategy, expected to enhance overall profitability and sustainable development [3]. Group 3: Cost Advantages and Environmental Considerations - The Hunan lithium mine project boasts cost advantages through integrated mining and processing, allowing for adjustments in concentrate grade and recovery rates based on market prices [3]. - The mining process utilizes a unique sulfuric acid method for lithium extraction, significantly improving lithium recovery rates while also recovering valuable elements like potassium, thus achieving a "one mine, multiple products" approach [3].

Core Viewpoint - Dazhong Mining (001203) has experienced significant stock price fluctuations, with a cumulative increase of over 20% in the last three trading days, prompting the company to conduct an internal review and confirm no undisclosed significant matters [1][2] Group 1: Stock Performance and Market Reaction - Dazhong Mining announced an abnormal stock trading fluctuation due to a price increase exceeding 20% over three trading days [1] - Following the announcement of obtaining a mining license for the Hunan Jijia Mountain lithium mine, the company's stock price hit the daily limit for three consecutive trading days from October 29 to October 31 [2] Group 2: Mining License and Resource Details - The company’s subsidiary, Chenzhou Chengtai Mining Investment Co., Ltd., obtained a 30-year mining license for the Hunan Jijia Mountain lithium mine, with a lithium resource amounting to 489 million tons, equivalent to approximately 3.2443 million tons of lithium carbonate [2] - The acquisition of the mining license is a key milestone in the company's "Iron + Lithium Dual-Drive" development strategy, expected to enhance overall profitability and sustainable development [2] Group 3: Cost Advantages and Production Techniques - The Hunan lithium project boasts cost advantages through integrated mining and processing, allowing for adjustments in concentrate grade and recovery rates based on market prices [2] - The mining process utilizes a unique sulfuric acid method for lithium extraction, significantly improving lithium recovery rates while also recovering valuable elements like potassium, thus achieving a "one mine, multiple products" strategy [2]

Core Viewpoint - Dazhong Mining (001203) has experienced significant stock price fluctuations, attributed to its recent acquisition of a mining license for the Hunan Jijia Mountain lithium mine, which has garnered market attention due to the growing demand in the electric vehicle and energy storage sectors [1][2]. Group 1: Stock Performance and Market Reaction - Dazhong Mining's stock price increased by over 20% in three consecutive trading days, prompting the company to investigate the reasons behind this abnormal trading activity [1]. - Following the announcement of the mining license acquisition, Dazhong Mining's stock hit the daily limit up on October 29, 30, and 31, indicating strong investor interest [2]. Group 2: Mining License Acquisition - The Hunan Jijia Mountain lithium mine has a resource volume of 48,987.2 million tons, equivalent to approximately 324.43 thousand tons of lithium carbonate, with an approved open-pit mining scale of 20 million tons per year [2]. - The acquisition of the mining license is a key milestone in the company's "iron + lithium dual-drive" development strategy, expected to enhance overall profitability and sustainable development [2]. Group 3: Cost Advantages and Technological Innovations - The project benefits from integrated mining and processing, allowing for adjustments in concentrate grade and recovery rates based on market prices, significantly reducing mining costs [3]. - Dazhong Mining has developed a new lithium extraction process using sulfuric acid, achieving a lithium recovery rate of 90% and addressing environmental concerns associated with traditional methods [4]. - The new process also allows for the simultaneous recovery of valuable elements like potassium, promoting a "one mine, multiple products" approach [4].