Lingbao Gold reports 73% resource increase at Tongbai Laowan gold mine

Lingbao Gold Group Company Ltd. announced the completion of full-area exploration at its Tongbai Laowan Gold Mine, leading to a significant increase in gold content. As of September 30, 2025, the total gold content (Mineral Resources) reached 54.51 tonnes (1,753,000 ounces), marking an approximate 73% increase from 31.57 tonnes (1,015,000 ounces) as of December 31, 2024. This growth is primarily attributed to new exploration projects and an expanded estimation scope.

The updated Mineral Resources include 640,000 tonnes of Measured Resources at 4.18 g/t (2.67 tonnes gold), 4,400,000 tonnes of Indicated Resources at 4.85 g/t (21.36 tonnes gold), and 7,690,000 tonnes of Inferred Resources at 3.96 g/t (30.48 tonnes gold). The estimation, compiled by SRK Consulting (China) Limited, utilized a cut-off grade of 1.20 g/t.

Exploration involved 94 drill holes with over 41,000 meters of drilling and over 9,000 samples analyzed. The company noted that mineralization remains unclosed below -350 meters, with the deepest intersection reaching -1,284 meters, indicating strong potential for further resource growth.