Core Viewpoint - Changjiang Materials (001296.SZ) successfully bid for oil and gas exploration rights in the Ningxia Liupan Mountain Basin, investing RMB 85.38 million [1] Group 1: Investment Details - The company obtained the exploration rights for the Haiyuan block in the Ningxia Liupan Mountain Basin and received the exploration license from the Ministry of Natural Resources of the People's Republic of China [1] - Total investment for the exploration project is expected to not exceed RMB 130 million [1] - Funding for the project will come from the company's own resources, with funds being allocated in phases according to project progress [1] Group 2: Project Objectives - The investment aims to systematically study the geological data of the oil and gas survey in the Haiyuan block, analyze structural, stratigraphic, and sedimentary characteristics [1] - The project seeks to summarize geological conditions for oil and gas accumulation, optimize exploration deployment, and accelerate project implementation [1] - The goal is to achieve exploration breakthroughs and establish favorable conditions for efficient oil and gas development [1]