GuoCheng Mining(SZ:000688)2025-07-10 09:22Group 1: Mining Resources and Production Capacity - The Maerkang Daba lithium mine has a total identified ore volume of 84.255 million tons, with a lithium oxide (Li₂O) content of 1,120,731 tons and an average grade of 1.33% [2] - Jin Xin Mining currently has an annual mining production capacity of 100,000 tons, with plans to increase this capacity in 2024 [2] - The company is in the process of obtaining a mining license for an annual capacity of 500,000 tons, with the resource development plan having passed expert review [2] Group 2: Cost Structure and Production Efficiency - The cost of lithium concentrate production is primarily influenced by mining, processing, transportation, and management costs, with transportation costs currently being high due to the ongoing expansion of the processing plant [2] - Future production costs for lithium concentrate are projected to be below 5,000 yuan per ton once the new processing facility is operational [2] Group 3: Financial Planning and Funding - Jin Xin Mining plans to use future construction funds primarily for building a processing plant and tailings storage facility, with over 1 billion yuan in credit already granted by several financial institutions [2] - The company aims to strengthen financing cooperation with state-owned banks and financial institutions to secure low-cost funding for project investments [2] Group 4: Additional Mining Operations - The wholly-owned subsidiary, Zhongdu Mining, holds mining rights for a multi-metallic ore with a total ore volume of 992.43 million tons, including gold, zinc, lead, copper, and silver [3] - Zhongdu Mining has obtained a mining license for an annual production capacity of 350,000 tons and is in the process of expanding its resource reserves through exploration [3]