Plum Barbary Good Luck: The full-owned subsidiary's mineral resource reserves evaluation was approved.
Mei Yan auspicious announcement, its wholly-owned subsidiary Mei Yan Mining recently received a reply from the Ministry of Natural Resources, and the reserve evaluation of mineral resources has been approved. After review, in terms of silver reserves, the total of the mining area is +150m to -395m, with proven, controlled, and inferred metal resources of 16.4 tons, 265.1 tons, and 381.1 tons respectively; in terms of antimony reserves, the controlled and inferred metal resources are 5543.4 tons and 15447.1 tons respectively. After this review and filing, the company will handle the relevant procedures for mining rights changes, but the subsequent approval time and process are uncertain, and will not have a significant impact on the company's finances and operations in the short term.
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