Leveraging its unique industry strengths, Sinomine innovates the "geological prospecting +" business model, allowing for early low-cost intervention or service-based exchanges for mining rights. This approach enables us to develop high-quality mining rights when conditions are favorable for mining development or mineral rights acquisition. Many of our projects have already undergone our own or cooperative mining development, which lays a solid foundation for the company's leapfrog development.
As of December 31, 2023, the Bikita Lithium Mine has a lithium mineral resource of 113.3517 million tons of ore, equivalent to 2.8847 million tons of lithium carbonate equivalent (LCE).
The cumulative discovered reserves of copper mineral resources in the Kitumba copper mining area amount to 27.9 million tons, with a copper metal content of 614,000 tons and an average copper grade of 2.20%.
The total (proven + controlled) resources held by the Tsumeb smelter amount to 2.9435 million tons of ore, among which the germanium metal content is 746.21 tons and the average grade is 253.51 grams per ton. The gallium metal content is 409.62 tons, with an average grade of 139.16 grams per ton. The zinc metal content is 209,458.72 tons, with an average grade of 7.12%.
The total reserves of copper ore in the Shifuma copper mining area amount to 29.9168 million tons, with a copper metal content of 214,200 tons and an average grade of 0.72%. Among them, the quantity of (332) type ore was 9.2949 million tons, the copper metal content was 75,400 tons, and the average grade was 0.81%. The amount of (333) type ore is 26.0217 million tons, the copper metal content is 138,800 tons, and the average grade is 0.67%. The associated gold was 6.64 tons, the associated silver was 95.44 tons, the associated cobalt was 7,180.01 tons, and the associated zinc was 110,691.87 tons. The resource quantity levels of the associated components are all of Class (333).
The discovered iron ore resources amount to 348 million tons, with an average TFe grade of 46.38%, among which the resources of (333) type iron ore amount to 161 million tons.
The Kabuwe Copper Mine in Zambia has a total ore volume of type (333) of 11.0410 million tons, a copper metal volume of 154,600 tons, and an average grade of 1.4%.
The cumulative amount of rare earth oxide ore resources discovered in the Nkombwa rare earth mining right area of Zambia is 2.78 million tons, with an average grade of TREO of 2.76%. The cumulative amount of associated apatite type phosphate ore resources discovered is 21.82 million tons, with an average grade of P2O5 of 7.06%.
