Group 1: Lithium Project Overview - The company has a lithium resource reserve of approximately 3.24 million tons of lithium carbonate equivalent in the Tongtianmiao mining section of the Hunan Jijia Mountain area, with a planned annual production scale of 20 million tons [1] - The company employs an integrated operation model of "mining, selection, and smelting," achieving 100% self-sufficiency in lithium raw materials [1][2] - The company is advancing two core technology R&D projects aimed at enhancing resource utilization efficiency and cost control [2] Group 2: Cost Control and Efficiency - The new process for lithium extraction from mica has reduced the amount of lithium slag by 50%, meeting first-class solid waste standards, and allowing for the recycling of lithium slag in construction materials [2] - The lithium recovery rate has significantly increased to 90%, and the comprehensive cost of lithium carbonate extraction has been substantially reduced, maintaining competitiveness even in current market conditions [2][5] Group 3: Project Progress and Timeline - The mining rights application for the Hunan Jikou Mountain lithium mine is underway, with plans to apply for a mining license once conditions are met [4] - The first phase of the 10 million tons mining and selection project and the 20,000 tons/year lithium carbonate smelting project are expected to be completed and operational by 2026 [4] - The Sichuan Jada lithium mine has a proven ore resource of 4.3436 million tons, with an average lithium oxide grade of 1.38%, and plans to complete the mining rights application by December 2025 [6] Group 4: Market Outlook and Investment Strategy - The company believes that lithium carbonate, being a cyclical product, will continue to have good development prospects despite price fluctuations [5] - The company is leveraging the current price decline to attract talent and expedite project construction, ensuring cost and efficiency advantages [5] - The funding for the projects primarily comes from self-owned funds and bank loans, with a focus on maintaining cost control to expand profit margins [5]
大中矿业(001203) - 2025年6月18日投资者关系活动记录表