Huirong mining (equity participation)

Shengtun lithium, a wholly-owned subsidiary of the company, currently holds 25.19% of the equity of Huirong mining. Huirong mining owns the exploration right of Murong lithium mine in Yajiang County. By the end of December, 2020, the total ore resources (proved + controlled + inferred) of ore bodies I and II in the exploration right are 39.436 million tons, Li2O is 642854 tons, and the average grade of Li2O is 1.63%. The scale of Li2O resources is large, with beryllium, tantalum and rubidium as large deposits, niobium as small deposits, and Sida as medium deposits.

Chengtun Lithium, a wholly-owned subsidiary of the company, currently has 25.19% of the shares of Huirong Mining. Huirong Mining has Yajiang Murong Lithium exploration rights. By the end of December 2020, the total (measured + indicated + inferred) ore resources of no. I and II ore bodies in the exploration right area are 39.436 million tons and 642,854 tons of Li2O, with an average grade of Li2O of 1.63%. The scale of Li2O resources is large, with beryllium, tantalum and rubidium as major minerals. Associated niobium is with small deposit size, and associated cedar is with medium deposit size.

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