Zangge Mining Organizes On-site Investor Research

On June 4–5, 2024, to enhance investors’ understanding of the company’s business progress and strengthen the capital market’s recognition of its value, the company successfully organized an on-site investor research activity focusing on key mining areas and major projects under construction.

The event attracted dozens of participants, including securities analysts and investors, and focused in particular on in-depth research into Mami Cuo Mining and Julong Copper.

Mami Cuo Mining, in which the company indirectly holds a 24.01% stake through the Tibet Qinghai Fund, is a key mineral resource enterprise. Its mining area covers 115.36 square kilometers and contains approximately 2.5011 million tonnes of lithium chloride resources, equivalent to about 2.1774 million tonnes of lithium carbonate reserves. At present, Mami Cuo Mining is actively advancing the construction of Phase I, which targets an annual output of 50,000 tonnes of lithium carbonate.

On June 4, during the visit, the research team held in-depth discussions with Mami Cuo Mining’s management, gaining a comprehensive understanding of the mine’s operations, resource development plans, and future strategies.

On June 5, the team visited Julong Copper for further research. As an associate company in which Zangge Mining holds a 30.78% equity interest, Julong Copper owns the mining rights to the Qulong Copper Mine and Zhibula Copper Mine, as well as the exploration rights to the Rongmu Cuola Copper Mine. It is the largest copper mining project in China’s high-altitude regions. Currently, the Qulong Copper Mine is advancing Phase II construction, which is expected to be completed and put into production by the end of 2025, reaching an annual output of 300,000–350,000 tonnes of copper concentrate.

This research activity not only offered investors a more direct opportunity to understand the company’s key mining areas and major projects under construction, but also brought investors closer to the listed company. Through site visits and exchanges, investors deepened their understanding of the company’s major projects, development direction, and future planning, while also strengthening their confidence in its long-term growth.

The company stated that it will continue to maintain an open and transparent attitude, strengthen communication with investors, and at the same time remain focused on solid operations. It is committed to delivering better performance to reward investors and safeguarding the interests of minority shareholders.