Jinchuan Aoyinuo Mining Co., Ltd. is the company’s holding subsidiary, founded in August 2006, located in Jinchuan County, Aba Prefecture, Sichuan province, with a registered capital of 190 million yuan. It’s main business is resource investment, mining and processing of mineral products. The development of Aoyinuo mining is strongly supported by the local government.
Aoyinuo Mining currently owns the mining right of Yelonggou spodumene mine in Jinchuan County, Sichuan Province and the detailed exploration right of taiyanghekou Lithium polymetallic mine in Jinchuan County, Sichuan Province. Yelonggou spodumene mine has been put into production in November 2019, with a raw ore production scale of 405,000 tons/year and a mining area of 43,697 square kilometers. The latest resource reserve of Yilonggou spodumene deposit is 12.695 million tons, and the resource reserve of Li2O is 169,547 tons (average grade 1.34%). Yilonggou Spodumene deposit is still carrying out supplementary production exploration to expand the resource scale of the mining area.
The exploration area of Taiyanghekou lithium polymetallic deposit is 9.7 square kilometers, and 3 lithium ore bodies and 8 granitic pegmatite dike have been found. This shows prospecting prospects. At present, the Taiyanghekou lithium polymetallic deposit is still in the exploration stage.