Core Viewpoint - Shenzhen Dawi Innovation Technology Co., Ltd. announced that its wholly-owned subsidiary, Guiyang Dawi Mining Co., Ltd., has received approval for the mineral resource reserve report of the Changshili Mine in Hunan Province, marking a significant advancement in the lithium battery new energy industry project in Hunan Chenzhou [1][5]. Group 1: Mining Rights and Resource Reserves - Guiyang Dawi Mining obtained exploration rights for the "Guilin County Dachongli Mine Kaolin" in November 2023, with a mining area of 3.58 square kilometers and a license valid until February 5, 2029 [1][2]. - As of the end of October 2024, the mineral resource reserves include 20,953.3 million tons of feldspar ore, 32,370 tons of Li2O (lithium oxide) with an average grade of 0.154%, 6,550 tons of WO3 (tungsten trioxide) with an average grade of 0.031%, and 1,410 tons of Sn (tin) with an average grade of 0.018% [3][5]. Group 2: Mining Process and Product Output - The company will utilize a combined mining process of "magnetic separation + flotation" primarily, with "gravity separation" as a supplement, to recover lithium ore while considering the comprehensive recovery of tailings [4]. - The mining process is expected to produce seven categories of products, including high-purity quartz and high-quality feldspar, which are essential for the ceramics and glass industries, as well as lithium concentrate for battery-grade lithium carbonate [4][5]. Group 3: Impact on Company and Future Prospects - The approval of resource reserves is expected to provide stable lithium ore resources for the company's new energy industry, enhancing overall industry value and aligning with the company's development plan [5]. - The acquisition of exploration rights cost the company 37.6 million yuan, and the mining of these resources is anticipated to positively impact future growth and performance, without significantly affecting the current financial status [5].