Core Insights - Tongling Nonferrous Metals Group Co., Ltd. won the exploration rights for the Jiguanshan-Hucun copper-gold-molybdenum mine for 3.204 billion yuan, enhancing its resource reserves and supporting its strategic focus on the copper industry [1] - The exploration rights were officially confirmed on November 4, following a public auction held by the Anhui Provincial Natural Resources Department [1] - The mine is located near the Dongguashan copper mine in Tongling City, Anhui Province, which aligns with the company's strategy to strengthen its sustainable development capabilities [1] Company Summary - The total identified copper ore in the entire mining area is 30.9464 million tons, with a copper metal content of 328,800 tons and an average copper grade of 1.06% [2] - The identified gold ore amounts to 1.4796 million tons, with a gold metal content of 8,640.37 kilograms and an average gold grade of 5.840 g/t [2] - The identified molybdenum ore is 15.9357 million tons, with a molybdenum metal content of 15,000 tons and an average molybdenum grade of 0.094% [2] - The identified sulfur ore is 8.5724 million tons, with a sulfur element content of 1.9467 million tons and an average sulfur grade of 22.71% [2] Industry Context - A new round of mineral exploration strategies is being promoted, with the Anhui Provincial Industrial and Information Technology Department emphasizing increased geological surveys and exploration efforts in key areas [4] - The plan aims to add a batch of resources available for development and extend the service life of existing mines through various measures [4] - The industry is focusing on the recovery and expansion of production capacities in existing mines while ensuring compliance in the construction of new mines [4]