Tongling Nonferrous secures Anhui copper-gold-molybdenum exploration rights for 3.2bn yuan

Tongling Nonferrous Metals Group Co., Ltd. successfully bid for the exploration rights of the Jiguan Mountain - Hucun copper-gold-molybdenum mine in Tongling City, Anhui Province, for a total of 3,203,500,000 yuan. The company participated in the auction held by the Anhui Provincial Department of Natural Resources on September 18, 2025, to enhance its core business and secure long-term resource reserves.

The newly acquired exploration right covers an area of 1.3207 square kilometers, with a five-year initial term. Identified resources include 30.9464m tons of copper ore, containing 32,880 tons of copper metal (average grade 1.06%); 1.4796m tons of gold ore, containing 8,640.37 kilograms of gold metal (average grade 5.840 g/t); and 1.5937m tons of molybdenum ore, containing 15,000 tons of molybdenum metal (average grade 0.094%).

The acquisition, funded by the company's own capital or self-raised funds, is not expected to significantly impact its financial position or operating results in the current period. The company will sign the exploration right transfer contract and pay the transfer fees by December 9, 2025.