Western Mining subsidiary secures major copper exploration right in Anhui

Western Mining Co., Ltd. announced that its controlling subsidiary, Tibet Yulong Copper Co., Ltd. (Yulong Copper), successfully bid RMB 860,893 million for the exploration right of the Chating copper polymetallic mine in Xuancheng district, Anhui province. This acquisition, approved by Western Mining's board on October 27, 2025, is subject to shareholder approval at an extraordinary general meeting on November 12, 2025.

The Chating mine, a major exploration discovery, contains 121.803 million tons of industrial-grade copper ore with 656,700 tons of copper metal, plus 248.07 tons of associated gold metal, and other polymetallic resources. This acquisition expands Western Mining's resource reserves and enhances its position in the non-ferrous metals industry, utilizing Yulong Copper's own funds.

During its Q3 2025 earnings call, Western Mining confirmed that the Yulong Copper Mine's Phase III project is expected to begin construction by the end of 2025. The company will continue to focus on resource expansion as a core strategic deployment, actively seeking quality domestic and international resources.